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Prestige Institute of Management and Research, Indore: Presentation On Payment Gateway

The presentation discusses payment gateways, which are merchant services that authorize credit card or direct payments for e-businesses and online retailers. Payment gateways facilitate transactions by transferring information between payment portals like websites and processors or acquiring banks. They are software and servers that transmit transaction information to acquiring banks and responses from issuing banks about whether transactions are approved or declined, essentially facilitating communication within the banking system.

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Siddhesh Shah
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52 views3 pages

Prestige Institute of Management and Research, Indore: Presentation On Payment Gateway

The presentation discusses payment gateways, which are merchant services that authorize credit card or direct payments for e-businesses and online retailers. Payment gateways facilitate transactions by transferring information between payment portals like websites and processors or acquiring banks. They are software and servers that transmit transaction information to acquiring banks and responses from issuing banks about whether transactions are approved or declined, essentially facilitating communication within the banking system.

Uploaded by

Siddhesh Shah
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Prestige Institute of Management And Research,

Indore

Presentation On
Payment Gateway

Presented To: Presented By:


Dr. Shail Shri Siddhesh Shah
Sharma
Introduction
• A payment gateway is a merchant
service provided by an e-commerce
application service provider that
authorizes credit card or direct
payments processing for e-businesses,
online retailers, bricks and clicks, or
traditional brick and mortar.

• A payment gateway facilitates a


payment transaction by the transfer of
information between a payment portal
(such as a website, mobile phone or
interactive voice response service) and
the front end processor or acquiring
bank.
• Payment gateways are
software and servers
that transmit transaction
information to acquiring
banks and responses
from issuing banks
(such as whether a
transaction is approved
or declined).
Essentially, payment
gateways facilitate
communication within
banks.

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