Online Payment Gateway System
-
Upload
mannu-khani -
Category
Education
-
view
418 -
download
6
description
Transcript of Online Payment Gateway System
PRESENTATION ON
ONLINE PAYMENT GATEWAY SYSTEM
INTRODUCTION
A payment gateway is a software program
integrated to a merchant's website to transmit
transaction data to:
Credit Card
Net Banking
Cash Card
Mobile Payment
acquirer for authorization and settlement.
•It includes whether there are sufficient funds available, whether the details all matched correctly and whether the has been any fraudulent activity.
•In order to check these details, the Payment Gateway will communicate with the Card Schemes and Issuing Banks.
•And then report back with its findings and relevant transaction response.
Merchants gain the ability to perform real-
time Credit Card authorizations from a web
site over the Internet.
Customers can pay for purchases across the
Internet through Credit Cards within
seconds, after the gateway obtains
authorization from the Credit Card
institutions.
EXAMPLE
Payment gateway protect credit card details
encrypting sensitive information such as credit
card number.
To insure that information passes securely
between the customer and the merchant and
also between the merchant and the payment
process.
TYPICAL TRANSACTION PROCESS
CONTI…..
SECURITY
Customer is usually required to enter personal
details, the entire communication of 'Submit
Order' page is often carried out through
HTTPS protocol.
To validate the request of the payment page
result, sometimes the IP of the requesting
server has to be verified.
PayPal is an online payment service founded in
1998 and owned by eBay.
It facilitates the transfer of money from one
party to another over the internet.
Payments can be made for goods, services, and
online donations can be made as well.
PayPal processes millions of dollars every
day, and recently exceeded $6 million per
day in mobile transactions alone.
PayPal is a fast, simple, and secure way to
make a payment online.
PAYPAL WORKING
PAYMENT NETWORK PROVIDES PROCESSES AND SERVICES
15
Processes
► Authorization – the process of verifying a customer’s credit card
► Settlement – the process of collecting funds from the customer’s account
Services
► Payment Processing Service – connects merchants, customers, and banks through secure online transactions.
► Gateway – the secure pipe between the banks and the processor
2
Payment Processing Service
1. Customer decides to make an online purchase and inputs credit card information
76
5
Customer
Merchant
1 Processor
3
Customer’s issuing bank
4
2. Merchant’s website receives customer information and sends it to a payment processing service3. Payment processing service routes information to processor
4. Processor routes information to bank that issued customer’s credit card (issuing bank)5. Issuing bank sends authorization (or declination) to processor
6. Processor routes transaction results to payment processing service7. Payment processing service sends results to merchant
16
8. Merchant decides to accept or reject purchase
8
AUTHORIZATION
2
Payment Processing Service
Processor
17
1. Merchant informs the payment processing service to settle transactions2. Payment processing service sends transaction information to the processor3. Processor checks the information and forwards settled transaction information to
the issuing bank4. Issuing bank transfers funds to the processor5. Processor routes funds to the acquiring bank6. Acquiring bank credits merchant’s bank account7. Issuing bank includes merchant’s charge on customer’s credit card account
6
4
Merchant’s acquiring bank
5
Merchant
Customer
1
Customer’s issuing bank
37
SETTLEMENT
WHY PAYPAL? Grow sales
Get new customers
Integrate easily
PROTECT YOUR BUSINESS AGAINST FRAUD
19
Transaction Level
• Ensure each transaction you accept and process is valid, and be careful in reviewing suspicious transactions because some may be valid.
Account Level
• Make sure only authorized users have access to your payment gateway account, and be alert for suspicious account access patterns.
Network Level
• Ensure your perimeter is defended against unauthorized access.
Founded in 2001
It is the largest Payment Gateway in India
today.
Currently powers more than 85% of the e-
commerce merchants in the country.
It provides complete, simple and secure online
payment gateway services.
It is a Commerce Service Provider, authorized as
a Master Merchant, by Indian financial
institutions, to appoint Sub Merchants, to accept
and validate Internet payments via Credit Card.
This enables the websites to transact and accept
payments online and in real time.
STEPS TO CREATE MERCHANT ID WITH CCAVENUE
Step 1: Initial Site Setup
Step 2: Registration and Document
Submission
Step 3: CCAvenue issues a Merchant ID
Step 4: Mapping Merchant ID to URL
Step 5: Integration
THANK YOU