SlideShare a Scribd company logo
 Allied Wallet, an online payment-processing company, provides
secure payment services to merchants around the globe.
Payment Card Industry (PCI) Data Security Standard (DSS)
compliant at level 1, Allied Wallet processes funds for more than
100 million users.
For an online payment to transfer from the buyer to the
merchant, it must go through a process known as the payment
gateway. The process begins when the customer clicks a link to
confirm purchase, at which point the payment gateway confirms
the validity of the submitted payment information. Assuming the
card information is valid, the payment gateway then sends the
buyer's payment information to a merchant account.
 The merchant account, required for all
companies that take online payments, exists for
the sole purpose of receiving credit card funds.
The merchant account performs the actual
approval of the transaction and charges the
card. If the merchant account is in the seller's
name, funds typically transfer within a few days.
If, however, the merchant account is held by a
third party, the account holder must manually
initiate a transfer so that the online seller can
receive payment.

More Related Content

More from Allied Wallet

Brent Shapiro Foundation Educates about Good Samaritan Laws
Brent Shapiro Foundation Educates about Good Samaritan LawsBrent Shapiro Foundation Educates about Good Samaritan Laws
Brent Shapiro Foundation Educates about Good Samaritan Laws
Allied Wallet
 
Brent’s Club Battles the Odds to Give Kids a Better Chance
Brent’s Club Battles the Odds to Give Kids a Better ChanceBrent’s Club Battles the Odds to Give Kids a Better Chance
Brent’s Club Battles the Odds to Give Kids a Better Chance
Allied Wallet
 
Allied Wallet Adds New Payment Options to Expand Services in Malaysia
Allied Wallet Adds New Payment Options to Expand Services in MalaysiaAllied Wallet Adds New Payment Options to Expand Services in Malaysia
Allied Wallet Adds New Payment Options to Expand Services in Malaysia
Allied Wallet
 
Eagle and Badge Foundation Programs
Eagle and Badge Foundation ProgramsEagle and Badge Foundation Programs
Eagle and Badge Foundation Programs
Allied Wallet
 
The ASAS We Are Ready Initiative
The ASAS We Are Ready InitiativeThe ASAS We Are Ready Initiative
The ASAS We Are Ready Initiative
Allied Wallet
 
Allied Wallet Management Tools
Allied Wallet Management ToolsAllied Wallet Management Tools
Allied Wallet Management Tools
Allied Wallet
 
After-School All-Stars Encourages Children to Stay Active
After-School All-Stars Encourages Children to Stay ActiveAfter-School All-Stars Encourages Children to Stay Active
After-School All-Stars Encourages Children to Stay Active
Allied Wallet
 
What It Means To Be PCI DSS Level 1 Compliant
What It Means To Be PCI DSS Level 1 CompliantWhat It Means To Be PCI DSS Level 1 Compliant
What It Means To Be PCI DSS Level 1 Compliant
Allied Wallet
 
What to Consider When Hiring a Payment Processor
What to Consider When Hiring a Payment ProcessorWhat to Consider When Hiring a Payment Processor
What to Consider When Hiring a Payment Processor
Allied Wallet
 
The Payment Card Industry Security Standards Council - Minimizing Risk
The Payment Card Industry Security Standards Council - Minimizing RiskThe Payment Card Industry Security Standards Council - Minimizing Risk
The Payment Card Industry Security Standards Council - Minimizing Risk
Allied Wallet
 
How to Comply with the PCI Data Security Standard
How to Comply with the PCI Data Security Standard How to Comply with the PCI Data Security Standard
How to Comply with the PCI Data Security Standard
Allied Wallet
 
American Red Cross Sponsors Holiday Mail for Heroes Program
American Red Cross Sponsors Holiday Mail for Heroes ProgramAmerican Red Cross Sponsors Holiday Mail for Heroes Program
American Red Cross Sponsors Holiday Mail for Heroes Program
Allied Wallet
 
Save A Life Card Campaign Promotes Overdose Intervention Nationwide
Save A Life Card Campaign Promotes Overdose Intervention Nationwide Save A Life Card Campaign Promotes Overdose Intervention Nationwide
Save A Life Card Campaign Promotes Overdose Intervention Nationwide
Allied Wallet
 
Business Pro Offers Customizable Payment System Solutions for e-Market
Business Pro Offers Customizable Payment System Solutions for e-MarketBusiness Pro Offers Customizable Payment System Solutions for e-Market
Business Pro Offers Customizable Payment System Solutions for e-Market
Allied Wallet
 
PCI Data Security Standard Compliance Guidelines
PCI Data Security Standard Compliance GuidelinesPCI Data Security Standard Compliance Guidelines
PCI Data Security Standard Compliance Guidelines
Allied Wallet
 
Batch Payment Processing
Batch Payment ProcessingBatch Payment Processing
Batch Payment Processing
Allied Wallet
 
Automated Clearing House Processing
Automated Clearing House ProcessingAutomated Clearing House Processing
Automated Clearing House Processing
Allied Wallet
 
Save A Life Cards Encourage Friends to Help Friends by Dialing 911
Save A Life Cards Encourage Friends to Help Friends by Dialing 911 Save A Life Cards Encourage Friends to Help Friends by Dialing 911
Save A Life Cards Encourage Friends to Help Friends by Dialing 911
Allied Wallet
 

More from Allied Wallet (18)

Brent Shapiro Foundation Educates about Good Samaritan Laws
Brent Shapiro Foundation Educates about Good Samaritan LawsBrent Shapiro Foundation Educates about Good Samaritan Laws
Brent Shapiro Foundation Educates about Good Samaritan Laws
 
Brent’s Club Battles the Odds to Give Kids a Better Chance
Brent’s Club Battles the Odds to Give Kids a Better ChanceBrent’s Club Battles the Odds to Give Kids a Better Chance
Brent’s Club Battles the Odds to Give Kids a Better Chance
 
Allied Wallet Adds New Payment Options to Expand Services in Malaysia
Allied Wallet Adds New Payment Options to Expand Services in MalaysiaAllied Wallet Adds New Payment Options to Expand Services in Malaysia
Allied Wallet Adds New Payment Options to Expand Services in Malaysia
 
Eagle and Badge Foundation Programs
Eagle and Badge Foundation ProgramsEagle and Badge Foundation Programs
Eagle and Badge Foundation Programs
 
The ASAS We Are Ready Initiative
The ASAS We Are Ready InitiativeThe ASAS We Are Ready Initiative
The ASAS We Are Ready Initiative
 
Allied Wallet Management Tools
Allied Wallet Management ToolsAllied Wallet Management Tools
Allied Wallet Management Tools
 
After-School All-Stars Encourages Children to Stay Active
After-School All-Stars Encourages Children to Stay ActiveAfter-School All-Stars Encourages Children to Stay Active
After-School All-Stars Encourages Children to Stay Active
 
What It Means To Be PCI DSS Level 1 Compliant
What It Means To Be PCI DSS Level 1 CompliantWhat It Means To Be PCI DSS Level 1 Compliant
What It Means To Be PCI DSS Level 1 Compliant
 
What to Consider When Hiring a Payment Processor
What to Consider When Hiring a Payment ProcessorWhat to Consider When Hiring a Payment Processor
What to Consider When Hiring a Payment Processor
 
The Payment Card Industry Security Standards Council - Minimizing Risk
The Payment Card Industry Security Standards Council - Minimizing RiskThe Payment Card Industry Security Standards Council - Minimizing Risk
The Payment Card Industry Security Standards Council - Minimizing Risk
 
How to Comply with the PCI Data Security Standard
How to Comply with the PCI Data Security Standard How to Comply with the PCI Data Security Standard
How to Comply with the PCI Data Security Standard
 
American Red Cross Sponsors Holiday Mail for Heroes Program
American Red Cross Sponsors Holiday Mail for Heroes ProgramAmerican Red Cross Sponsors Holiday Mail for Heroes Program
American Red Cross Sponsors Holiday Mail for Heroes Program
 
Save A Life Card Campaign Promotes Overdose Intervention Nationwide
Save A Life Card Campaign Promotes Overdose Intervention Nationwide Save A Life Card Campaign Promotes Overdose Intervention Nationwide
Save A Life Card Campaign Promotes Overdose Intervention Nationwide
 
Business Pro Offers Customizable Payment System Solutions for e-Market
Business Pro Offers Customizable Payment System Solutions for e-MarketBusiness Pro Offers Customizable Payment System Solutions for e-Market
Business Pro Offers Customizable Payment System Solutions for e-Market
 
PCI Data Security Standard Compliance Guidelines
PCI Data Security Standard Compliance GuidelinesPCI Data Security Standard Compliance Guidelines
PCI Data Security Standard Compliance Guidelines
 
Batch Payment Processing
Batch Payment ProcessingBatch Payment Processing
Batch Payment Processing
 
Automated Clearing House Processing
Automated Clearing House ProcessingAutomated Clearing House Processing
Automated Clearing House Processing
 
Save A Life Cards Encourage Friends to Help Friends by Dialing 911
Save A Life Cards Encourage Friends to Help Friends by Dialing 911 Save A Life Cards Encourage Friends to Help Friends by Dialing 911
Save A Life Cards Encourage Friends to Help Friends by Dialing 911
 

Recently uploaded

zkStudyClub - LatticeFold: A Lattice-based Folding Scheme and its Application...
zkStudyClub - LatticeFold: A Lattice-based Folding Scheme and its Application...zkStudyClub - LatticeFold: A Lattice-based Folding Scheme and its Application...
zkStudyClub - LatticeFold: A Lattice-based Folding Scheme and its Application...
Alex Pruden
 
[OReilly Superstream] Occupy the Space: A grassroots guide to engineering (an...
[OReilly Superstream] Occupy the Space: A grassroots guide to engineering (an...[OReilly Superstream] Occupy the Space: A grassroots guide to engineering (an...
[OReilly Superstream] Occupy the Space: A grassroots guide to engineering (an...
Jason Yip
 
Skybuffer SAM4U tool for SAP license adoption
Skybuffer SAM4U tool for SAP license adoptionSkybuffer SAM4U tool for SAP license adoption
Skybuffer SAM4U tool for SAP license adoption
Tatiana Kojar
 
Digital Banking in the Cloud: How Citizens Bank Unlocked Their Mainframe
Digital Banking in the Cloud: How Citizens Bank Unlocked Their MainframeDigital Banking in the Cloud: How Citizens Bank Unlocked Their Mainframe
Digital Banking in the Cloud: How Citizens Bank Unlocked Their Mainframe
Precisely
 
Principle of conventional tomography-Bibash Shahi ppt..pptx
Principle of conventional tomography-Bibash Shahi ppt..pptxPrinciple of conventional tomography-Bibash Shahi ppt..pptx
Principle of conventional tomography-Bibash Shahi ppt..pptx
BibashShahi
 
HCL Notes und Domino Lizenzkostenreduzierung in der Welt von DLAU
HCL Notes und Domino Lizenzkostenreduzierung in der Welt von DLAUHCL Notes und Domino Lizenzkostenreduzierung in der Welt von DLAU
HCL Notes und Domino Lizenzkostenreduzierung in der Welt von DLAU
panagenda
 
Columbus Data & Analytics Wednesdays - June 2024
Columbus Data & Analytics Wednesdays - June 2024Columbus Data & Analytics Wednesdays - June 2024
Columbus Data & Analytics Wednesdays - June 2024
Jason Packer
 
Main news related to the CCS TSI 2023 (2023/1695)
Main news related to the CCS TSI 2023 (2023/1695)Main news related to the CCS TSI 2023 (2023/1695)
Main news related to the CCS TSI 2023 (2023/1695)
Jakub Marek
 
Driving Business Innovation: Latest Generative AI Advancements & Success Story
Driving Business Innovation: Latest Generative AI Advancements & Success StoryDriving Business Innovation: Latest Generative AI Advancements & Success Story
Driving Business Innovation: Latest Generative AI Advancements & Success Story
Safe Software
 
Introduction of Cybersecurity with OSS at Code Europe 2024
Introduction of Cybersecurity with OSS  at Code Europe 2024Introduction of Cybersecurity with OSS  at Code Europe 2024
Introduction of Cybersecurity with OSS at Code Europe 2024
Hiroshi SHIBATA
 
Choosing The Best AWS Service For Your Website + API.pptx
Choosing The Best AWS Service For Your Website + API.pptxChoosing The Best AWS Service For Your Website + API.pptx
Choosing The Best AWS Service For Your Website + API.pptx
Brandon Minnick, MBA
 
What is an RPA CoE? Session 1 – CoE Vision
What is an RPA CoE?  Session 1 – CoE VisionWhat is an RPA CoE?  Session 1 – CoE Vision
What is an RPA CoE? Session 1 – CoE Vision
DianaGray10
 
AppSec PNW: Android and iOS Application Security with MobSF
AppSec PNW: Android and iOS Application Security with MobSFAppSec PNW: Android and iOS Application Security with MobSF
AppSec PNW: Android and iOS Application Security with MobSF
Ajin Abraham
 
June Patch Tuesday
June Patch TuesdayJune Patch Tuesday
June Patch Tuesday
Ivanti
 
Energy Efficient Video Encoding for Cloud and Edge Computing Instances
Energy Efficient Video Encoding for Cloud and Edge Computing InstancesEnergy Efficient Video Encoding for Cloud and Edge Computing Instances
Energy Efficient Video Encoding for Cloud and Edge Computing Instances
Alpen-Adria-Universität
 
Connector Corner: Seamlessly power UiPath Apps, GenAI with prebuilt connectors
Connector Corner: Seamlessly power UiPath Apps, GenAI with prebuilt connectorsConnector Corner: Seamlessly power UiPath Apps, GenAI with prebuilt connectors
Connector Corner: Seamlessly power UiPath Apps, GenAI with prebuilt connectors
DianaGray10
 
Programming Foundation Models with DSPy - Meetup Slides
Programming Foundation Models with DSPy - Meetup SlidesProgramming Foundation Models with DSPy - Meetup Slides
Programming Foundation Models with DSPy - Meetup Slides
Zilliz
 
Freshworks Rethinks NoSQL for Rapid Scaling & Cost-Efficiency
Freshworks Rethinks NoSQL for Rapid Scaling & Cost-EfficiencyFreshworks Rethinks NoSQL for Rapid Scaling & Cost-Efficiency
Freshworks Rethinks NoSQL for Rapid Scaling & Cost-Efficiency
ScyllaDB
 
Deep Dive: AI-Powered Marketing to Get More Leads and Customers with HyperGro...
Deep Dive: AI-Powered Marketing to Get More Leads and Customers with HyperGro...Deep Dive: AI-Powered Marketing to Get More Leads and Customers with HyperGro...
Deep Dive: AI-Powered Marketing to Get More Leads and Customers with HyperGro...
saastr
 

Recently uploaded (20)

zkStudyClub - LatticeFold: A Lattice-based Folding Scheme and its Application...
zkStudyClub - LatticeFold: A Lattice-based Folding Scheme and its Application...zkStudyClub - LatticeFold: A Lattice-based Folding Scheme and its Application...
zkStudyClub - LatticeFold: A Lattice-based Folding Scheme and its Application...
 
[OReilly Superstream] Occupy the Space: A grassroots guide to engineering (an...
[OReilly Superstream] Occupy the Space: A grassroots guide to engineering (an...[OReilly Superstream] Occupy the Space: A grassroots guide to engineering (an...
[OReilly Superstream] Occupy the Space: A grassroots guide to engineering (an...
 
Skybuffer SAM4U tool for SAP license adoption
Skybuffer SAM4U tool for SAP license adoptionSkybuffer SAM4U tool for SAP license adoption
Skybuffer SAM4U tool for SAP license adoption
 
Digital Banking in the Cloud: How Citizens Bank Unlocked Their Mainframe
Digital Banking in the Cloud: How Citizens Bank Unlocked Their MainframeDigital Banking in the Cloud: How Citizens Bank Unlocked Their Mainframe
Digital Banking in the Cloud: How Citizens Bank Unlocked Their Mainframe
 
Principle of conventional tomography-Bibash Shahi ppt..pptx
Principle of conventional tomography-Bibash Shahi ppt..pptxPrinciple of conventional tomography-Bibash Shahi ppt..pptx
Principle of conventional tomography-Bibash Shahi ppt..pptx
 
Artificial Intelligence and Electronic Warfare
Artificial Intelligence and Electronic WarfareArtificial Intelligence and Electronic Warfare
Artificial Intelligence and Electronic Warfare
 
HCL Notes und Domino Lizenzkostenreduzierung in der Welt von DLAU
HCL Notes und Domino Lizenzkostenreduzierung in der Welt von DLAUHCL Notes und Domino Lizenzkostenreduzierung in der Welt von DLAU
HCL Notes und Domino Lizenzkostenreduzierung in der Welt von DLAU
 
Columbus Data & Analytics Wednesdays - June 2024
Columbus Data & Analytics Wednesdays - June 2024Columbus Data & Analytics Wednesdays - June 2024
Columbus Data & Analytics Wednesdays - June 2024
 
Main news related to the CCS TSI 2023 (2023/1695)
Main news related to the CCS TSI 2023 (2023/1695)Main news related to the CCS TSI 2023 (2023/1695)
Main news related to the CCS TSI 2023 (2023/1695)
 
Driving Business Innovation: Latest Generative AI Advancements & Success Story
Driving Business Innovation: Latest Generative AI Advancements & Success StoryDriving Business Innovation: Latest Generative AI Advancements & Success Story
Driving Business Innovation: Latest Generative AI Advancements & Success Story
 
Introduction of Cybersecurity with OSS at Code Europe 2024
Introduction of Cybersecurity with OSS  at Code Europe 2024Introduction of Cybersecurity with OSS  at Code Europe 2024
Introduction of Cybersecurity with OSS at Code Europe 2024
 
Choosing The Best AWS Service For Your Website + API.pptx
Choosing The Best AWS Service For Your Website + API.pptxChoosing The Best AWS Service For Your Website + API.pptx
Choosing The Best AWS Service For Your Website + API.pptx
 
What is an RPA CoE? Session 1 – CoE Vision
What is an RPA CoE?  Session 1 – CoE VisionWhat is an RPA CoE?  Session 1 – CoE Vision
What is an RPA CoE? Session 1 – CoE Vision
 
AppSec PNW: Android and iOS Application Security with MobSF
AppSec PNW: Android and iOS Application Security with MobSFAppSec PNW: Android and iOS Application Security with MobSF
AppSec PNW: Android and iOS Application Security with MobSF
 
June Patch Tuesday
June Patch TuesdayJune Patch Tuesday
June Patch Tuesday
 
Energy Efficient Video Encoding for Cloud and Edge Computing Instances
Energy Efficient Video Encoding for Cloud and Edge Computing InstancesEnergy Efficient Video Encoding for Cloud and Edge Computing Instances
Energy Efficient Video Encoding for Cloud and Edge Computing Instances
 
Connector Corner: Seamlessly power UiPath Apps, GenAI with prebuilt connectors
Connector Corner: Seamlessly power UiPath Apps, GenAI with prebuilt connectorsConnector Corner: Seamlessly power UiPath Apps, GenAI with prebuilt connectors
Connector Corner: Seamlessly power UiPath Apps, GenAI with prebuilt connectors
 
Programming Foundation Models with DSPy - Meetup Slides
Programming Foundation Models with DSPy - Meetup SlidesProgramming Foundation Models with DSPy - Meetup Slides
Programming Foundation Models with DSPy - Meetup Slides
 
Freshworks Rethinks NoSQL for Rapid Scaling & Cost-Efficiency
Freshworks Rethinks NoSQL for Rapid Scaling & Cost-EfficiencyFreshworks Rethinks NoSQL for Rapid Scaling & Cost-Efficiency
Freshworks Rethinks NoSQL for Rapid Scaling & Cost-Efficiency
 
Deep Dive: AI-Powered Marketing to Get More Leads and Customers with HyperGro...
Deep Dive: AI-Powered Marketing to Get More Leads and Customers with HyperGro...Deep Dive: AI-Powered Marketing to Get More Leads and Customers with HyperGro...
Deep Dive: AI-Powered Marketing to Get More Leads and Customers with HyperGro...
 

How Online Payment Processing Works

  • 1.
  • 2.  Allied Wallet, an online payment-processing company, provides secure payment services to merchants around the globe. Payment Card Industry (PCI) Data Security Standard (DSS) compliant at level 1, Allied Wallet processes funds for more than 100 million users. For an online payment to transfer from the buyer to the merchant, it must go through a process known as the payment gateway. The process begins when the customer clicks a link to confirm purchase, at which point the payment gateway confirms the validity of the submitted payment information. Assuming the card information is valid, the payment gateway then sends the buyer's payment information to a merchant account.
  • 3.  The merchant account, required for all companies that take online payments, exists for the sole purpose of receiving credit card funds. The merchant account performs the actual approval of the transaction and charges the card. If the merchant account is in the seller's name, funds typically transfer within a few days. If, however, the merchant account is held by a third party, the account holder must manually initiate a transfer so that the online seller can receive payment.