Payment GatewayAsif Hussain

1Asif Hussain

Asif Hussain

• Project Manager & Lead Business AnalystSapphire Consulting Services [www.sapphirecs.net]http://pk.linkedin.com/in/asifhossain Skype: aasifhussain

• Bahria University [BE, Computer]• CBM (IoBM) [MBA, Marketing ]• PMP & Oracle Siebel CRM Certified• CRM , Online Stock Trading & Islamic Financial Consultant

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Payment Gateway

• What is Payment Gateway?• How Payment Gateway works.

What is Payment Gateway

• Payment Gateway refers to an E-commerce service that authorizes payments for E-business & online retailers.

• Payment gateways encrypt sensitive information, such as credit card numbers, to ensure that information passes securely between the customer and the

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How Payment Gateway works?

• Merchant's web server in encrypted format. This is usually done via SSL (Secure Socket Layer) encryption.

• The transactions details are then forwarded to the concerned Payment Gateway.

• The transaction information is then passed on to the merchants acquiring bank by the Payment Gateway.

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How Payment Gateway works?

• Merchants acquiring bank then forwards the transaction information to the issuing bank.

• Bank sends a response back to the Payment Gateway.

• The response is then forwarded by the Payment Gateway to the merchants server.

• Encrypted response is relayed back to the customer.

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How Payment Gateway works?

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Some Payment Gateways

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A

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