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प्रश्न
State the working of a Payment Gateway.
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उत्तर
Meaning:
A payment gateway is an e-commerce application that authorizes payments for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar businesses. It is the virtual equivalent of a physical point of sale terminal located in most retail outlets. Payment gateways encrypt sensitive information, such as credit card numbers, to ensure that information passes securely between the customer and the merchant.
A payment gateway facilitates the transfer of information between a payment portal (such as a website, mobile phone) and the Front End Processor or acquiring bank. Here is a step by step guide detailing how Payment Gateways work:
- A customer places order on website by pressing the submit order or equivalent button or perhaps enters their card detains using an automatic phone answering service.
- If the order is via a website. The customer’s web browser encrypts the information to be sent between the browse and the merchants webserver. This is done via SSL (Secure socket lever) encryption.
- The merchant then forwards the transaction detains to their payment gateway. This is another SSL encrypted connection.
- The payment gateway forwards the transaction information the payment processor used by the merchant’s acquiring bank.
- The payment processor forwards the transaction info to the card association. (e.g. Visa/ Mastercard)
- Finally the process of payment is done and the order will be placed securely.
APPEARS IN
संबंधित प्रश्न
State with reasons, whether the following statement is True or False:
e‐business means using the internet to connect people and processes.
State with reasons whether the following statements are True or False
e-business allows you lo work across the globe in any field.
Select the proper option from the options given below and rewrite the completed sentence:
In e-business payments have to be made ________.
Select the proper option from the options given below and rewrite the completed sentence:
The term “e-business” is derived from the terms ________ and e-commerce.
Select the proper option from the options given below and rewrite the completed sentence:
In bigger shops situated in shopping malls or branded stores, there is a ________ terminal
Write short note on the following:
E-business
Write short note on the following:
Business to Consumer (B to C)
Write short answers for the following question:
What is e-business?
Write short answers for the following question:
What are the advantages of e-business?
State any two benefits of e-business to the buyers.
Describe briefly any two applications of e-business.
E-business allows you to work across the globe in any field.
E-business means using the ___________ to connect people and process.
E-business is ___________ of e-commerce.
Answer in one sentence.
What is E-business?
Explain the following term/concept.
E-business
E-commerce is a branch of ___________.
It is easy to set up e-business as compared to traditional business.
The concept of e-business was coined in late 90s by ______.
