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Securing Online Payment through Efficient Payment Gateway Systems
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Posted On :
Jan-06-2012
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Article Word Count :
424
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For most of the businesses, the use of payment gateway is very essential. In addition to the shops which are present in the malls, businesses operating out of the online medium also have the payment system through credit cards or net banking. Since the consumers are able to carry the cards with no need to have loads of cash in their wallets, the online payment methods have garnered a lot of popularity in the recent years.
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For most of the businesses, the use of payment gateway is very essential. In addition to the shops which are present in the malls, businesses operating out of the online medium also have the payment system through credit cards or net banking. Since the consumers are able to carry the cards with no need to have loads of cash in their wallets, the online payment methods have garnered a lot of popularity in the recent years.
A number of companies are also coming out with the credit cards and debit cards in which are included various banks and financial organisations. These cards are swiped in the shops and the requisite money is transferred from the account of the consumer into that of the shopkeeper’s. This transfer is required to occur within a few seconds or else there will be a lot of disparity.
The transfer order is placed through various channels, which has to pass through a few servers and then it finally reaches the banks and returns back the order to the shopkeeper’s account. To carry out the process of online payment also, the transfer order needs to go through such similar steps as in the swiping of cards. The order authentication is to be done immediately and the process should be efficiently carried out.
The payment gateway system should be designed in such a way that the customers are able to know about the amount transacted in quick time. This will allow them to go for such online transactions with more enthusiasm. If there is failure of the transactions or the amount that is deducted is not displayed, then it is a big problem for those who are going for shopping through online payment methods. The security system also has to be foolproof. There shouldn’t be any tampering with the transactions.
People need to have the assurances that there is no delay in the process and the amount deducted and debited as well as credited should be clear. All these functionalities are required to be present in the payment gateway in order to carry out the process of financial transactions in a smooth manner, without any hiccups.
People are increasingly turning towards such methods of payment as these offer the consumers a lot of benefits. There are plenty of suppliers of credit and debit cards and there are even more numbers of consumers. Every kind of transaction is possible but only if there is an adequate system in place for the different procedures of financial transactions.
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Article Source :
http://www.articleseen.com/Article_Securing Online Payment through Efficient Payment Gateway Systems_129471.aspx
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Author Resource :
Anthony Taylor is an expert in Internet security issues and has been associated with AlgoCharge, which is one of the leading Online Payment services for effective fraud detection. The company offers an integrated solution to Payment gateway, bank transfers and other alternative payments using advanced algorithms.
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Keywords :
Payment gateway, online payment,
Category :
Business
:
Business
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