Category Archives:Payment Gateway
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Web Shows the Way

When you think about the Internet in view of national borders on earth, you might begin to feel a sense that the human race is outgrowing its own world. Humans are moving about internationally, and across hemispheres, such that it could be said the original purpose of national borders is in question. On a daily basis, using the Web, we also cross borders freely.

 

 

 

Web as New World

 

 

Perhaps you are willing to consider that the Web in particular can act as a kind of training space, where we are all gradually re-thinking of the planet, as a whole. Social theorists in the '50s and '60s and '70s talked about the coming global condition of connectedness, a high-tech village atmosphere everywhere, when the planet seems to shrink for humans.

 

Certainly, in a less grandiose vision of the future, the Web is helping us all integrate at our own local levels. As a new, alternative globe or map, the Internet has already allowed countless cities and areas to become destinations for people who are searching for exactly those kinds of places. In that process, people learn how to let their minds travel freely in this world.

 

 

Borders in Question

 

 

Why did we originally need guarded borders between countries? You could easily answer that question, from your basic history knowledge, and even common sense. Today, things at borders are much more complicated because money, goods, creatures and news are not the only things moving across the thresholds.

 

Cultures, languages, plants, ideas and ways of life are moving across borders very freely, because the physical borders mean much less to us. Our borderless online world may offer us powers and variety, in other words, that we shall begin to expect on the ground — including decreased awareness of people's nationalities. Aren't we all becoming global citizens?

 

 

How the Web Weaves Us In

 

 

If we're moving toward a borderless sort of world — at least in the ways that people feel about their world, in the beginning — then how the Web is guiding us in that direction is interesting.

 

We might say that we believe in the Web, as a reflection of our human world, for the reason that it is comprehensive. Enough people are sharing, creating and making use of online content that the library of life produced gives us confidence.

 

When anybody can come up with anything online — from learning a trade, to finding out about the next national border you could cross, or doing a craft project by yourself, to playing at a Tablet casino — it fulfills its purpose of bringing us all together, across our old borders and separations.

 

TOP 10 SAAS eCommerce Platforms in India

TOP 10 SAAS eCommerce Platforms in India
Features: Store Customization, DIY Store, SEO and Online Marketing, Social Network Integration, Courier Tracking In-Platform, Support all Major Payment Gateways -Pay U, Direct Pay, CCAvenue, Gharpay, Citrus and EBS. Offers free payment gateway, No …
Read more on India Business Blog (blog)

5th Dimension Logistics Launches Partnership with Cornerstone Merchant
Today 5th Dimension Logistics (5thDL), a payment gateway provider recognized as a technology leader in the payment processing industry, announced a new partnership with Cornerstone Merchant Services Inc in Las Vegas, Nevada . Together the partners …
Read more on Insurance News Net

Securing Stored Cardholder Data β€” Another Layer To The EMV Puzzle
With P2PE, cardholder data is secured via encryption when the card is inserted and can only be decrypted by the bank, processor, or payment gateway. This means that sensitive data can be transmitted or even stored by the merchant without worrying about …
Read more on Business Solutions Magazine

which technology is used for payment gateway ?

Question by James Bond: which technology is used for payment gateway ?
I mean there is technology that transfers money. We use some technology there are lots of its just tell me some so i can know something about

Best answer:

Answer by stymiee
This isn’t a project you would write with a language like PHP. You would need to use a higher level language such as C or C++. Something compiled that will be much faster and more robust then PHP. You can power your web based front end with PHP (i.e. user control panel) but the backend stuff, including payment processing, will need to be in the higher level language. You’ll also need an enterprise level database as open source databases could never handle a task like this. Basically you’re looking at using an Oracle database which is expensive but also designed for this sort of thing.

Your first major issue will be PCI DSS compliance. This is the security practices dictated by the major credit card companies (Visa, MasterCard, Amex, Discover Card, JCB). It dictates how you will secure your data in terms of hardware, software, and practice. It is expensive to do and maintain. You will need to hire a company to certify your compliance on a regularly scheduled basis. Failing your certification can mean you get shut down.

Your second major issue will be getting certified by the processing networks. To be a successful payment gateway you must be certified on every processing platform and there are at least 16 of them that I can think of off of the top of my head. Being certified takes about two months for each. You can do them simultaneously but you would be looking at at least a year to be certified on all of them. And each one has a different API so you will need to code your payment gateway to work with all of them.

Your third major issue will be the data you store. Not only do you have the PCI DSS issues to deal with, but you will need to capture and store every transaction that runs through your system for years. That kind of data will require tons of storage space (that will also need to be secured).

Your fourth major issue will be processing volume. A gateway must be able to perform transactions in a second or less. This means your hardware solutions must be able to scale for heavy traffic especially over the holiday season. It will need to be able to handle hundreds of transactions per second (thousands if you become successful). That is a big reason why you’ll need to use a higher level language over PHP.

Your fifth major issue is that you will need to create a powerful yet easy to use API for web developers to use to connect to your payment gateway. They need to be able to do everything a credit card terminal can do through code. Documenting that should be fun! πŸ˜‰

Minor issues include:

– Making sure you are ECI compliant (Electronic Commerce Indicator is required for all Internet transactions)

– Securing all data transfer (SSL)

– Offering a user control panel

If you want to be successful you will also need to have the following in place:

– Anti-fraud tools

– Have a reseller program in place

My estimations would say it would take 2 – 3 years to build your own payment gateway and get it up and running. That includes being PCI DSS certified, certified on every major processing platform, and to create your API. Costs would be around $ 250,000 as the developers you would need to write that kind of code will not be cheap plus you will have large infrastructure costs (hardware and software) just to run everything.

Know better? Leave your own answer in the comments!

Boom time for e-commerce in India; but customers face heightened risk of fraud

Boom time for e-commerce in India; but customers face heightened risk of fraud
NEW DELHI: As more Indians step up to make online payments, there is a proliferation of payment gateways and mobile wallets, many of which are facing the risk of being misused by unscrupulous merchants. Payment service providers like Citrus Pay and …
Read more on Economic Times

Digital River and Klarna form online payments alliance
As part of another agreement, Klarna is using the Digital River World Payments solution to process consumers' credit card and online bank transfer payments through Digital River's international payment gateway. In 2013, Digital River processed more …
Read more on Finextra

Japanese Exchange BitFlyer Raises 6k in Growth Funding
As well as allowing people to buy and sell bitcoin, bitFlyer partnered with GMO Payment Gateway to provide a bitcoin payment option to 48,000 online merchants in late September. Earlier the same month, the firm launched Japan's first bitcoin …
Read more on CoinDesk

Topcreditcardprocessors.com Announces Flagship Merchant Services as the

Topcreditcardprocessors.com Announces Flagship Merchant Services as the
The independent authority on payment processors, topcreditcardprocessors.com, has promoted Flagship Merchant Services as the top payment gateway company for April 2014. Share on Twitter Share on Facebook Share on Google+ Share on LinkedIn …
Read more on PR Web (press release)

USAePay Secure Payment Gateway Releases Version 132 for Android Point Of
USAePay, an industry leading payment gateway, recently released update version 1.3.2 of their Android mobile point of sale application, available now for free download on the Google Play Store. To date, USAePay routinely delivers updates enhancing …
Read more on Consumer Electronics Net

BlueSnap Expands Local Payment Options in the BRIC Markets
WALTHAM, Mass., April 7, 2014 /PRNewswire/ — BlueSnap announced today that its global payment gateway now offers new localized payment methods in Brazil, Russia, India and China (BRIC). By letting local consumers use the payment methods they …
Read more on PR Newswire (press release)

Better Business Bureau cautions attendees as 'Flip This House' star's seminar

Better Business Bureau cautions attendees as 'Flip This House' star's seminar
If you didn't pay cash for the home you will be responsible for the mortgage payment until it sells. If the home you purchase has code violations, you must make those repairs to avoid fines. Beware that many foreclosed homes have unseen damage that …
Read more on The Flint Journal

Coming soon: Feed the meter with the tap of an app
The controversial old plan called for leasing the parking system to the region's port authority and its private partners – including Xerox – for decades in exchange for an $ 85 million upfront payment to use for several economic development projects …
Read more on Cincinnati.com

From Fri, e-pay option for water bills
To facilitate online payments, the state is using SBI's payment gateway. Service charges to avail online payment through debit cards or internet banking will be absorbed by the government, while the service charges to avail online payment through …
Read more on Times of India

Lastest Payment Gateway News

SmartTrans continues to ramp up mobile and online revenue
It also earns royalties for providing a payment gateway for other app providers to sell into the Chinese market. Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX β€œSmall and Mid-cap” stocks with …
Read more on Proactive Investors Australia

Lastest Payment Gateway News

Discover Looks To Tap The Asian Market
Earlier this month, the company entered an agreement with Bangkok Bank in Thailand, and is also associated with the RuPay payment gateway system that was launched in May 2014 in India. Discover is the third largest credit card company in the U.S. after …
Read more on Trefis

MICROS and Elavon Deliver Secure Payment Technology
Powered by the MICROS Payment Gateway™ and Elavon's Fusebox™ gateway solution, this next generation payment environment is built upon decades of proven PMS and payment processing expertise. Robust scalability offers a great fit for businesses of …
Read more on Newswire Today (press release)

Q&A: What is a secure payment gateway?

Question by sean: What is a secure payment gateway?
How does it work to a merchant’s advantage?

Best answer:

Answer by happy
You need a payment gateway to process your on line payments as well as your normal credit card processing card company. They take your customer’s card details over the Internet and perform security checks on your behalf. It’s not to your advantage, because you have to pay twice and it’s not something you can do yourself.

It depends on the volume of business you transact through your site as to whether using a payment gateway is financially viable. For low volume transactions, a company such as paypal to take your online payments will be much much cheaper and it’s very straight forward. Google has also introduced a similar service recently.

Add your own answer in the comments!

RBI shuts overseas payment gateway for credit card transactions within India

RBI shuts overseas payment gateway for credit card transactions within India
Aprameya Radhakrishnan, cofounder and director of Taxi for Sure, a Bangalore-based online taxi aggregator and Uber rival, said, "It will impact only foreign companies who are operating in India through an international payment gateway or by storing …
Read more on Economic Times

Eason Inks Payment Gateway Deal with TNS
DUBLIN–(BUSINESS WIRE)–Eason, Ireland's leading retailer of books, stationery, magazines, cards and much more, has chosen the TNSPay gateway from Transaction Network Services (TNS) to handle payment transactions made across its store network …
Read more on Business Wire (press release)

Google working with Airtel as payment gateway for digital purchases
While having a credit card is like having a company ID in the US, not all countries have that kind of relationship with that plastic rectangle that makes you buy stuff. In India, for example, most smartphone owners don't own a credit card, making it a …
Read more on Android Community