Articles by John Davies on ArticleSnatch.com

Payment Gateway as Secure Way to Process Online Payments

Thu, 18 Dec 2008 00:00:00 -0500

A payment gateway is an e-commerce application that is provided by a Payment Service Provider to protect online payment transactions. It is the equivalent of a physical Point of Sale (POS) terminal that can be found in most retail outlets. When a consumer uses their credit card to make an online purchase from a merchantâ€™s website, the payment gateway will acquire and secure the relevant card details. It will then encrypt certain sensitive information, such as the credit card number, before passing the details between the merchantâ€™s website and their payment processor. Although it is not tangible like a POS terminal, a payment gateway performs exactly the same purpose. Once the Payment Service Provider has processed and verified, the credit card details, confirmation will be sent via the payment gateway back to the merchantâ€™s website so that the transaction can be completed (if the card details have not been verified, then another form of payment will be asked for). In addition to providing online merchants with a payment gateway, most Payment Service Providers can offer a number of additional services to add further value to their products. **End Summary** Topics: payment gateway]]> payment service provider]]> payment processor]]>]]> About the Author: ]]> John Davies is a Senior Copywriter for E-Clear (UK) PLC Company. For further information please click on: ' Payment Gateway ' or call us now on: +44 (0) 20 7887 6216 where our friendly team will be more than happy to assist you with your enquiry.

Payment Gateway via Payment Service Provider

Thu, 18 Dec 2008 00:00:00 -0500

For both the consumer and the merchant, the thought of being involved in online transactions can initially be quite a daunting prospect. For the merchant, it will mean having to rely on credit card details that are given by a customer who is not physically present, while the consumer may also be concerned as to how secure their credit card details will be, when they are transmitted over the Internet. With so many consumers now using their credit cards to buy goods and services online, it is imperative for any online merchant to have the necessary payment structure and security in place that will allow them to process transactions in a fast and secure manner. However, before they are able to accept credit card payments online, the merchant needs to have two major components in place. The first is an online Merchant Account, and the second is a Payment Gateway, a unique online facility that acts as a security filter between the merchantâ€™s website and the actual payment processor, who is responsible for processing the transaction. **End Summary** Topics: payment gateway]]> payment service provider]]> payment processor]]>]]> About the Author: ]]> John Davies is a Senior Copywriter for E-Clear (UK) PLC Company. For further information please click on: ' Payment Gateway ' or call us now on: +44 (0) 20 7887 6216 where our friendly team will be more than happy to assist you with your enquiry.

Role of Payment Gateway in Payment Processing

Thu, 18 Dec 2008 00:00:00 -0500

An Internet Payment Gateway is a software and network service that operates between a merchantâ€™s website and their payment processor. It can be considered as the Internet equivalent of a card swipe and point of sale (POS) terminal, which are used in thousands of department stores. The role of the Payment Gateway is to capture, secure, and communicate the credit card and billing information to the payment service provider, who is responsible for processing and authorising the merchantâ€™s online credit card payments. As soon as the customer presses the â€˜submit orderâ€™ button, or enters their credit card details on a merchantâ€™s website, the information is captured by the Payment Gateway software, which then encrypts certain details, such as the credit card number, before transferring the information to the payment processorâ€™s secure server. The payment processor then forwards the transaction information to the customerâ€™s card issuing bank or card association for verification, to ensure that the details provided are correct. When the card details have been verified, confirmation is sent back to the payment processor, who in turn sends a response code back to the merchantâ€™s website, via the payment gateway, to allow the transaction to be completed. **End Summary** Topics: payment gateway]]> payment service provider]]> payment processor]]>]]> About the Author: ]]> John Davies is a Senior Copywriter for E-Clear (UK) PLC Company. For further information please click on: ' Payment Gateway ' or call us now on: +44 (0) 20 7887 6216 where our friendly team will be more than happy to assist you with your enquiry.

Providing company growth with a payment service provider

Fri, 21 Nov 2008 00:00:00 -0500

Although receiving online payments can be exposed to a higher risk of fraud, the benefits they give to merchants can far outweigh the risk factor. By having the ability to receive online payments, businesses are able to significantly increase their customer base and reduce running costs and overheads. A company, who can provide online payment systems to both new and existing website owners, is known as a Payment Service Provider (PSP). This complete integrated service will include a merchant account and an online payment interface. The process begins when a customer purchases goods or services online from the merchantâ€™s website. Their credit card details are then collected or â€˜acquiredâ€™ by the Payment Service Provider and the details of the transaction, including the account number, the amount of the purchase and the type of currency, will be transferred to the PSP server. The server then reads the information and sets the basic parameters for the transaction. It then presents the customer with a new page that requests the card type and number, the expiry date, verification number and billing address. Some of the information now provided by the customer is encrypted, to ensure it is transmitted securely to the PSP. **End Summary** Topics: payment service provider]]> global payment service provider]]> p]]>]]> About the Author: ]]> John Davies is a Senior Copywriter for E-Clear (UK) PLC Company. For further information please click on: ' Global Payment Service Provider ' or call us now on: +44 (0) 20 7887 6216 where our friendly team will be more than happy to assist you with your enquiry.

Online Credit Card Processing - secure and flexible payments.

Fri, 23 May 2008 00:00:00 -0400

Nowadays it seems highly inconceivable that we would go on a shopping trip, set out for an evening’s entertainment, or simply just pop down to the local takeaway without our extremely valuable friend – the credit card. On the other hand, it seems hard to imagine that less than 40 years ago the use of both credit and debit cards was much more the exception rather than the norm, and yet in just a relatively short period of time they have come to represent the most common type of payment method in the world. Today, online credit and debit card processing is a major business, and plays an extremely important role in ensuring that the payments we make are undertaken successfully and securely. With millions of such transactions being carried out on a daily basis for a whole range of goods and services, it really is hard to imagine how we ever managed to survive without those little flexible friends. For many thousands of people, using a credit or debit card has almost become second nature, as they make their online payments to acquire a whole range of items from groceries and books, to holidays and insurance payments. **End Summary** Topics: credit]]> cards]]> processing]]> secure]]> payments]]> e-commerce]]> online]]>]]> About the Author: ]]> John Davies is a Senior Copywriter for E-Clear (UK) PLC Company. For further information please click on: Online Credit Card Processing - E-Clear or call us now on: +44 (0) 20 7887 6216 where our friendly team will be more than happy to assist you with your enquiry.

Online Payment Solutions - a Safe and Secure Platform from which to launch your Online Business.

Tue, 29 Apr 2008 00:00:00 -0400

There is no doubt that the development of new technology has led to a significant increase in the daily volume of debit and credit card payments being made, as well as the number of online transactions being undertaken for a whole range of goods and services. Such an increase in card usage has meant that it is now more important than ever, for businesses to have both the ability and security to handle such a large volume of payments. The provision of this security has become of paramount importance and has led to the development and implementation of ‘Online Payment Solutions.’ Installed as a software programme, each platform acts as a filter, to ensure that the correct details of the customer are entered whenever a transaction takes place between them and the merchant, thereby guaranteeing a safe and secure payment. Each platform can be tailor-made to meet the specific requirements of the business, including helping to improve the merchant’s ability to handle a greater volume of transactions more quickly and efficiently, while helping to reduce the amount of risk and payment costs, a vital factor in the future growth and success of any business. **End Summary** Topics: online]]> payment]]> solutions]]> e-commerce]]> merchant]]> account]]> credit]]> cards]]>]]> About the Author: ]]> John Davies is a Senior Copywriter for E-Clear (UK) PLC Company. For further information please click on: Online Payments Solutions - E-Clear or call us now on: +44 (0) 20 7887 6216 where our friendly team will be more than happy to assist you with your enquiry.