This document outlines steps to test payment gateway functionality, including:
1. Gathering test credit card numbers and sandbox accounts for testing.
2. Understanding integration between payment gateway and application and testing parameters passed between them.
3. Checking successful retrieval of payment data by the application and error handling.
4. Verifying database entries for transactions, amounts, and errors.
5. Ensuring security measures are in place for transactions.
A Complete Model of the Payment Service BusinessFrank Steeneken
This slide deck provides a complete picture of the underlying skeletal structure that holds every payment service business together while achieving its goals.
The model introduces a comprehensive framework for managing the complexity of the payment service business structure, and a reusable blueprint for visualizing how a payment service business enterprise actually does business. The model’s clearly-defined core-processes and their functions provide a powerful baseline for improving business performance.
By viewing the payment service business as a single system, fully independent of its implementation, the nature of its underlying core processes becomes clear. Then by managing and improving them as parts of a single system, substantial improvements can be made on critical success factors.
Payment Gateway History: An interview with the InventorWayne Akey
Payment Gateways play an integral role in e-commerce and SAAS applications. Hear from Jeff Knowles-the inventor about the challenges and struggles of creating the first Payment Gateway.
A very understanding presentation about Payment Gateways .
A Payment Gateway is an E-commerce Application service provider. Service that authorises payments for E-business.
please check my slide for further study.
A Complete Model of the Payment Service BusinessFrank Steeneken
This slide deck provides a complete picture of the underlying skeletal structure that holds every payment service business together while achieving its goals.
The model introduces a comprehensive framework for managing the complexity of the payment service business structure, and a reusable blueprint for visualizing how a payment service business enterprise actually does business. The model’s clearly-defined core-processes and their functions provide a powerful baseline for improving business performance.
By viewing the payment service business as a single system, fully independent of its implementation, the nature of its underlying core processes becomes clear. Then by managing and improving them as parts of a single system, substantial improvements can be made on critical success factors.
Payment Gateway History: An interview with the InventorWayne Akey
Payment Gateways play an integral role in e-commerce and SAAS applications. Hear from Jeff Knowles-the inventor about the challenges and struggles of creating the first Payment Gateway.
A very understanding presentation about Payment Gateways .
A Payment Gateway is an E-commerce Application service provider. Service that authorises payments for E-business.
please check my slide for further study.
Peter Afanasiev - Architecture of online PaymentsCiklum Ukraine
Payment Service Providers
Merchant Payment Systems
General architecture of a Payment System
Know-hows:
Payment queues with MSSQL Broker
Adapter Polymorphism
Tracing in Service Oriented World
Dynamic configuration editor with ASP.Net MVC
What payment is? What Payment Gateway/ Payment aggregator is?
How PG/Aggregator to be selected/charges/make money?MID & LiveID. What is Transaction, Refund? What are the Risk their understanding? What are Payment Pages, how to save cards, transaction routing & integration?
How does an online payment gateway work? What important features do reliable payment gateways have? What should merchants look for in payment gateways? Learn these and other answers from our guide - https://goo.gl/PtDiqj
Start accepting payments on your website →→→ https://bit.ly/2xIN1Oj
A Payment Gateway is an ecommerce application that authorizes payments for e-business, online retailers etc. Analogy of payment is cash counters which are located in the retail outlets. Payment gateways encrypt sensitive information such as credit card numbers to ensure that information passes securely between the customer and the merchant.
Mobile Wallet is a service that allows users to manage digitized values (offers, coupons, rewards within loyalty programs, ticketing, boarding passes, gift certificates, ID-cards or information about products and services) of different brands and makes it possible to make payments (with bank accounts, bank cards, and electronic money)
Modes of Cashless Transactions - Cash-less Indian EconomyRajan Chhangani
This presentations is all about the different modes of cashless transactions and a small step to promote digital India and digitization in India.
Sources:- NPCI
Axis Bank
SBI
RBI
Peter Afanasiev - Architecture of online PaymentsCiklum Ukraine
Payment Service Providers
Merchant Payment Systems
General architecture of a Payment System
Know-hows:
Payment queues with MSSQL Broker
Adapter Polymorphism
Tracing in Service Oriented World
Dynamic configuration editor with ASP.Net MVC
What payment is? What Payment Gateway/ Payment aggregator is?
How PG/Aggregator to be selected/charges/make money?MID & LiveID. What is Transaction, Refund? What are the Risk their understanding? What are Payment Pages, how to save cards, transaction routing & integration?
How does an online payment gateway work? What important features do reliable payment gateways have? What should merchants look for in payment gateways? Learn these and other answers from our guide - https://goo.gl/PtDiqj
Start accepting payments on your website →→→ https://bit.ly/2xIN1Oj
A Payment Gateway is an ecommerce application that authorizes payments for e-business, online retailers etc. Analogy of payment is cash counters which are located in the retail outlets. Payment gateways encrypt sensitive information such as credit card numbers to ensure that information passes securely between the customer and the merchant.
Mobile Wallet is a service that allows users to manage digitized values (offers, coupons, rewards within loyalty programs, ticketing, boarding passes, gift certificates, ID-cards or information about products and services) of different brands and makes it possible to make payments (with bank accounts, bank cards, and electronic money)
Modes of Cashless Transactions - Cash-less Indian EconomyRajan Chhangani
This presentations is all about the different modes of cashless transactions and a small step to promote digital India and digitization in India.
Sources:- NPCI
Axis Bank
SBI
RBI
Acquirer Systems provides test and validation solutions for the payments industry. Our software allows issuers and acquirers get higher quality products to the market faster, reducing cost and improving competitiveness in a complex and changing marketplace. The company has a global reputation for excellence with Bank Card Issuers, Merchant Acquirers, Payments Processors, and Terminal Vendors. We count blue-chip institutions such as Bank of America, Bank of Ireland, First Data, SwissCard, and Standard Bank of South Africa, amongst a growing customer base. We have 80+ installations across the United States, Europe, the Middle East, Africa and Asia. Acquirer Systems was founded in 1997, is privately held, and is headquartered in Dublin, Ireland.
Blog: It gives a glimpse of the importance of POS(Point of Sale) Testing for any retail firm. After stating out the challenges for such an unconventional test environment it points out the benefits of Test Automation.
Payments landscape in Indonesia to get an overview of players, value chain economics, market drivers and the competitive landsacape. Indicator/introduction of payments ecosystem in Southeast Asia/ASEAN.
This is a case study of an user acceptace testing done for a large Global bank for Finacle 10.x; Finacle is a universal banking system from Infosys Technologies . Retail, corporate and other subsystems tested.
Introduction of E-Wallets, its types, Advantages,Disadvantages, Examples of E-Wallet,Needs of E-Wallet, Top E-Wallets in World and in India, Description of Mobikwik, its Steps, Architecture of transfer between two wallets, About Paytm, How does Paytm Earn, Recharge on PayTm, Steps to use Paytm, Web Technologies of Paytm, Good at Paytm and Bad at it, Our own proposed system to overcome the disadvantage of existing system
Payments terms can be extremely confusing even for the most advanced merchant. At Payfirma our mission is to equip all our customers with as much information as possible to make smarter business decisions. That starts with learning payments terms.
Credit card processing
https://www.highriskgateways.in/credit-card-processing/
Our credit card processing facility allows you to accept payments from customers around the world, using a variety of credit card brands, including Visa, MasterCard and Cirrus Maestro. In order to support your business, we take a unique approach to credit card payments, focusing on real-time processing, cardholder security, and online fraud prevention
Guide to Understanding Credit Card Processing for MerchantsChloeBeckham
How important are credit card sales to your business's growth? Our credit card processing guide will help you understand how to accept credit cards and what to look for in a credit card processor.
With this Credit Card Processing presentation, you'll learn how to choose the right processor for your business in a clear, concise, and comprehensive manner. You'll learn how credit card payment processing works, how it secures your credit card transactions.
A payment processor is a company or service that handles the transaction between a buyer and a seller in an online or physical commerce transaction. Payment processors enable merchants to accept electronic payments from customers, such as credit card transactions, electronic funds transfers, and mobile payments.
It's easy to get overwhelmed or lost when navigating the world of top credit card processors and credit card processing. Why? Credit card processing can be a complex system with an even more complicated set of terms. Visit us at: https://webpays.com/credit-card-processing.html
Factors to Consider While Choosing a Payment Gateway ProviderAlaina Carter
A payment gateway is a software that authorizes payment processing for e-businesses. With the help of these payment gateways, it becomes easy to accept several types of electronic payments. Read more to know what are the factors to consider while choosing a payment gateway provider.
Whether you are a seasoned entrepreneur or just starting, embracing online payments such as a credit card payment solution is no longer an option, it's a necessity. Visit us at: https://webpays.com/credit-card-payment-solution.html
Online payments Gateway Strategies By Jay Wigdore JayWigdore
Jay Wigdore management team is skills in worldwide e-Commerce, worldwide vendor obtaining and multicurrency vendor credit card accounts. Whether you have a Retail Store or an e-Commerce existence you can depend on Go Payment Benefits for secure payments & competitive handling rates.
Software for Payment Cards: Choosing WiselyCognizant
As the use of card-based payments continues to grow, financial institutions must improve their response times, strengthen their security, hone their future-readiness and enrich their business value. When selecting a commercial off-the-shelf (COTS) solution, banks must verify that the product and its support services are equipped to accommodate short and long-term business and IT objectives.
"Impact of front-end architecture on development cost", Viktor TurskyiFwdays
I have heard many times that architecture is not important for the front-end. Also, many times I have seen how developers implement features on the front-end just following the standard rules for a framework and think that this is enough to successfully launch the project, and then the project fails. How to prevent this and what approach to choose? I have launched dozens of complex projects and during the talk we will analyze which approaches have worked for me and which have not.
Connector Corner: Automate dynamic content and events by pushing a buttonDianaGray10
Here is something new! In our next Connector Corner webinar, we will demonstrate how you can use a single workflow to:
Create a campaign using Mailchimp with merge tags/fields
Send an interactive Slack channel message (using buttons)
Have the message received by managers and peers along with a test email for review
But there’s more:
In a second workflow supporting the same use case, you’ll see:
Your campaign sent to target colleagues for approval
If the “Approve” button is clicked, a Jira/Zendesk ticket is created for the marketing design team
But—if the “Reject” button is pushed, colleagues will be alerted via Slack message
Join us to learn more about this new, human-in-the-loop capability, brought to you by Integration Service connectors.
And...
Speakers:
Akshay Agnihotri, Product Manager
Charlie Greenberg, Host
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
PHP Frameworks: I want to break free (IPC Berlin 2024)Ralf Eggert
In this presentation, we examine the challenges and limitations of relying too heavily on PHP frameworks in web development. We discuss the history of PHP and its frameworks to understand how this dependence has evolved. The focus will be on providing concrete tips and strategies to reduce reliance on these frameworks, based on real-world examples and practical considerations. The goal is to equip developers with the skills and knowledge to create more flexible and future-proof web applications. We'll explore the importance of maintaining autonomy in a rapidly changing tech landscape and how to make informed decisions in PHP development.
This talk is aimed at encouraging a more independent approach to using PHP frameworks, moving towards a more flexible and future-proof approach to PHP development.
UiPath Test Automation using UiPath Test Suite series, part 4DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
What will you get from this session?
1. Insights into SAP testing best practices
2. Heatmap utilization for testing
3. Optimization of testing processes
4. Demo
Topics covered:
Execution from the test manager
Orchestrator execution result
Defect reporting
SAP heatmap example with demo
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
The Art of the Pitch: WordPress Relationships and SalesLaura Byrne
Clients don’t know what they don’t know. What web solutions are right for them? How does WordPress come into the picture? How do you make sure you understand scope and timeline? What do you do if sometime changes?
All these questions and more will be explored as we talk about matching clients’ needs with what your agency offers without pulling teeth or pulling your hair out. Practical tips, and strategies for successful relationship building that leads to closing the deal.
State of ICS and IoT Cyber Threat Landscape Report 2024 previewPrayukth K V
The IoT and OT threat landscape report has been prepared by the Threat Research Team at Sectrio using data from Sectrio, cyber threat intelligence farming facilities spread across over 85 cities around the world. In addition, Sectrio also runs AI-based advanced threat and payload engagement facilities that serve as sinks to attract and engage sophisticated threat actors, and newer malware including new variants and latent threats that are at an earlier stage of development.
The latest edition of the OT/ICS and IoT security Threat Landscape Report 2024 also covers:
State of global ICS asset and network exposure
Sectoral targets and attacks as well as the cost of ransom
Global APT activity, AI usage, actor and tactic profiles, and implications
Rise in volumes of AI-powered cyberattacks
Major cyber events in 2024
Malware and malicious payload trends
Cyberattack types and targets
Vulnerability exploit attempts on CVEs
Attacks on counties – USA
Expansion of bot farms – how, where, and why
In-depth analysis of the cyber threat landscape across North America, South America, Europe, APAC, and the Middle East
Why are attacks on smart factories rising?
Cyber risk predictions
Axis of attacks – Europe
Systemic attacks in the Middle East
Download the full report from here:
https://sectrio.com/resources/ot-threat-landscape-reports/sectrio-releases-ot-ics-and-iot-security-threat-landscape-report-2024/
Essentials of Automations: Optimizing FME Workflows with ParametersSafe Software
Are you looking to streamline your workflows and boost your projects’ efficiency? Do you find yourself searching for ways to add flexibility and control over your FME workflows? If so, you’re in the right place.
Join us for an insightful dive into the world of FME parameters, a critical element in optimizing workflow efficiency. This webinar marks the beginning of our three-part “Essentials of Automation” series. This first webinar is designed to equip you with the knowledge and skills to utilize parameters effectively: enhancing the flexibility, maintainability, and user control of your FME projects.
Here’s what you’ll gain:
- Essentials of FME Parameters: Understand the pivotal role of parameters, including Reader/Writer, Transformer, User, and FME Flow categories. Discover how they are the key to unlocking automation and optimization within your workflows.
- Practical Applications in FME Form: Delve into key user parameter types including choice, connections, and file URLs. Allow users to control how a workflow runs, making your workflows more reusable. Learn to import values and deliver the best user experience for your workflows while enhancing accuracy.
- Optimization Strategies in FME Flow: Explore the creation and strategic deployment of parameters in FME Flow, including the use of deployment and geometry parameters, to maximize workflow efficiency.
- Pro Tips for Success: Gain insights on parameterizing connections and leveraging new features like Conditional Visibility for clarity and simplicity.
We’ll wrap up with a glimpse into future webinars, followed by a Q&A session to address your specific questions surrounding this topic.
Don’t miss this opportunity to elevate your FME expertise and drive your projects to new heights of efficiency.
GraphRAG is All You need? LLM & Knowledge GraphGuy Korland
Guy Korland, CEO and Co-founder of FalkorDB, will review two articles on the integration of language models with knowledge graphs.
1. Unifying Large Language Models and Knowledge Graphs: A Roadmap.
https://arxiv.org/abs/2306.08302
2. Microsoft Research's GraphRAG paper and a review paper on various uses of knowledge graphs:
https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/
Software Delivery At the Speed of AI: Inflectra Invests In AI-Powered QualityInflectra
In this insightful webinar, Inflectra explores how artificial intelligence (AI) is transforming software development and testing. Discover how AI-powered tools are revolutionizing every stage of the software development lifecycle (SDLC), from design and prototyping to testing, deployment, and monitoring.
Learn about:
• The Future of Testing: How AI is shifting testing towards verification, analysis, and higher-level skills, while reducing repetitive tasks.
• Test Automation: How AI-powered test case generation, optimization, and self-healing tests are making testing more efficient and effective.
• Visual Testing: Explore the emerging capabilities of AI in visual testing and how it's set to revolutionize UI verification.
• Inflectra's AI Solutions: See demonstrations of Inflectra's cutting-edge AI tools like the ChatGPT plugin and Azure Open AI platform, designed to streamline your testing process.
Whether you're a developer, tester, or QA professional, this webinar will give you valuable insights into how AI is shaping the future of software delivery.
GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using Deplo...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
Unsubscribed: Combat Subscription Fatigue With a Membership Mentality by Head...
Payment gateway testing
1. How to test Payment Gateway functionality
S.No.
Check Points
1
Gather appropriate test data for the dummy credit card numbers and sand box accounts.
2
Status
Gather payment gateway documents with error codes – useful it if any error came during testing to
identify whether it’s our application fault or payment gateway related error.
3
Understanding of the integration of the payment gateway with application.
4
Understand and test the parameters and sessions passed through payment gateway and application.
5
Understand and test the amount related information passed through query string or session or variables
in any form.
6
Check the format of the amount with currency format.
7
Check the language of the application and payment gateway language.
8
Test after successful payment all the necessary data retrieved to our application or not.
9
Check what happens if payment gateway goes down during the payment process.
10
Check what happens if payment process went successful but do not return to our application.
11
Check what happens if session goes time out during the payment process.
12
Check what happens in backend during the payment process is the session data stored in temporary table
or any id is generated or not?
13
Check what happens if payment process is fail.
14
Verify DB entries for the transaction whether they store credit card details and all or not.
15
Verify DB entries for the amount related fields in database for the fresh transaction, modified
transaction and canceled transaction.
16
Verify error page during payment gateway process.
17
Verify security passes for the transaction.
Payment Gateway
Page 1
3. Payment Gateway Terminology
Acquirer/Acquiring Bank/Merchant Bank is a financial company/bank that will process credit/debit card transactions on behalf of
you from a customer visiting your site. As a merchant you've an account with Acquiring bank. CCAvenue/EBS/ICICI Payseal can be
taken as an acquirer bank.
API (Application Programming Interface): APIs provide users with pre-existing interfaces to program against which allows rapid and
standardized application development.
Application Service Provider (ASP) is a business which provides computer based services to its customers over network (especially
internet). Most commonly it is used with customers accessing services from a server using client browsers like Internet Explorer. An
example would be IRCTC server will be an ASP for you as a customer.
Authorization: The approval or guarantee of funds given by the Card Issuer to the Acquirer.
BIN (Bank Identification Number): The six-digit number assigned by Visa and MasterCard to identify a member (Issuer or Acquirer)
or processor for authorization, clearing or settlement processing.
Business to Business (B2B) is E-Commerce that happens among business is called B2B.
Business to consumer (B2C) is E-Commerce that occurs between consumers and business entities are called a B2C for example a
customer buying from your site.
Brick and mortar business are those ECommerce stores which have a physical store which is exactly opposite of an (internet) online
store.
Batch Is the processing of all your transactions from merchant account and settlement which will show your total earnings or loss (in
case of chargebacks).
Payment Gateway
Page 3
4. Card Issuer is financial institution that issues the payment card to the Cardholder.
Cardholder: Customer associated with the primary account number (or an additional authorized user) that requests a transaction
from a merchant.
CVV (Card Verification Value): Term for 3-digit code in signature panel to verify that the card is in the cardholder’s possession.
Card refers to a plastic card with some magnetic coded information from brands like Visa, MasterCard, American Express, Diner’s
Club, Discover and JCB and which allows one to use them at various ATM’s and online worldwide.
Card Association is the network of all banks (i.e., both payment gateways and issues banks) that process plastic cards of various
brands like VISA, MasterCard, Discover, American Express and others.
Credit Card Processor allows a payment gateway merchant to accept all sorts of cards for online money payment, including net
banking. It is a third party company used by your payment gateway( eg CCAvenue) which negotiates customer financial transactions
with banks and card associations(VISA, MasterCard etc.) and inform the merchant of payment success/failure through the payment
gateway used. Some providers can themselves be Card Processor like AlertPay or 2Checkout.
Capture operation further validates it and confirms the purchase of product and start of dispatch of product to the customer creating
billable transaction in Merchant's account. If after authorization, Capture is not done by merchant within specified period then the
transaction is reversed as if it had never occurred and the amount credited back to customer's credit/debit card account. Till the time
the transaction has not be Captured, the customer's transaction amount will not be reflected in her credit card account.
Discount Rate/Transaction Discount Rate (TDR) is total fees retained/charged by the payment gateway from the merchant for each
transaction. It can be fixed percentage or fixed amount. The largest component of TDR is the interchange fee.
E-commerce is buying and selling of products/services online using internet.
Payment Gateway
Page 4
5. HTTP (Hypertext transfer protocol) is a networking protocol to transfer unsecured information, used especially between a web
server and client browser
Interchange fee is a term used in payment gateway industry and refers to fee charged by the issuing bank. For example if you use
your ICICI debit card at HDFC ATM then, ICICI will pay interchange fee to HDFC for using its ATM.
IVR (Interactive voice response) is a technology for computers to recognize human voice so as to process for example credit card
entered by a customer.
Merchant: Seller of products or services.
Merchant Agreement: Contract between a Merchant and Acquirer that outlines payment processing rights and responsibilities.
MID (Merchant Identification Number/Merchant ID): Unique number assigned by an Acquirer to identify a specific merchant.
MasterCard is a payment technology based company with head office in New York and which facilitates electronic funds transfers
from Credit/Debit/Prepaid cards across the world. Like Visa the financial institutions/acquirer banks need to abide by its rules like
transaction security.
Merchant Account is a type of account that allows receiving various types of payments - credit card/debit card/net banking/prepaid
card etc. from your customers. You’ll need to pay TDR over the received payments. You’ve visited this site as you’re looking for a
merchant account.
MOTO is a short form of Mail Order/Telephone Order credit card charging processing and occurs without physical presence of credit
card. In MOTO there are three ways you can charge your customer’s credit card: using Touch Tone, POS software and Virtual
Terminal
Payment Gateway is an Ecommerce online transaction processing platform/interface which allows a merchant (you) to receive
payment online from customers using various types of cards and net banking facilities.
Point of Sale (POS), Point of Purchase (POP), and Checkout is location where transaction occurs.
Payment Gateway
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6. POS Terminal is hardware and software used for Checkouts. For example you swipe-in your card in POS Terminal at any shop for
payment. POS Software is specialized software available on the merchant’s PC so that he/she can key-in and charge credit card of a
customer directly from his/her keyboard.
Payment Card Industry Data Security Standard (PCI DSS) is a security standard to handle customer and card data during
financial transaction of various credit/debit/prepaid and other cards. It aims to reduce credit card frauds. PCI DSS compliance is
must for all companies which store/process secured payment data like card information.
PIN (Personal Identification Number): A cardholder’s secret identification number that completes an online debit transaction.
Smart Card: A payment card with a built in chip to store information.
SSL (Secured Socket Layer) is a protocol which provides secured way to transmit data between two softwares on a network or
internet, without any risk of interception. You don’t need SSL but if the payment interfaces from for example PayPal, CCAvenue will
work only in SSL.
TID (Terminal Identification Number): Number that identifies a merchant to the front-end network. A unique number is assigned to
each POS terminal.
Refund is return of money paid to the customer by the merchant.
Reversal is done before settlement wherein the merchant undoes the transaction as if it never occurred.
VISA is a payment technology based company with head office in California and which facilitates electronic funds transfers from
Credit/Debit/Prepaid cards across the world. The financial institutions/acquirer banks need to abide by the Visa rules like
transaction security, not allowing charging surcharge when receiving payments via Visa card.
Payment Gateway
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