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प्रश्न
State the working of a Payment Gateway.
उत्तर
Meaning:
A payment gateway is an e-commerce application that authorizes payments for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar businesses. It is the virtual equivalent of a physical point of sale terminal located in most retail outlets. Payment gateways encrypt sensitive information, such as credit card numbers, to ensure that information passes securely between the customer and the merchant.
A payment gateway facilitates the transfer of information between a payment portal (such as a website, mobile phone) and the Front End Processor or acquiring bank. Here is a step by step guide detailing how Payment Gateways work:
- A customer places order on website by pressing the submit order or equivalent button or perhaps enters their card detains using an automatic phone answering service.
- If the order is via a website. The customer’s web browser encrypts the information to be sent between the browse and the merchants webserver. This is done via SSL (Secure socket lever) encryption.
- The merchant then forwards the transaction detains to their payment gateway. This is another SSL encrypted connection.
- The payment gateway forwards the transaction information the payment processor used by the merchant’s acquiring bank.
- The payment processor forwards the transaction info to the card association. (e.g. Visa/ Mastercard)
- Finally the process of payment is done and the order will be placed securely.
APPEARS IN
संबंधित प्रश्न
Write short note on the following:
Advantages of e-business.
Write short note on Disadvantage of e – business.
State with reasons, whether the following statement is True or False:
e‐business means using the internet to connect people and processes.
Write short notes .
Advantages of e - business
Select the proper option from the options given below and rewrite the completed sentence:
An electronic facility of transferring funds through the internet is _______ transfer.
Select the proper option from the options given below and rewrite the completed sentence:
In bigger shops situated in shopping malls or branded stores, there is a ________ terminal
Write short note on the following:
Business to Consumer (B to C)
Write short answers for the following question:
What are the advantages of e-business?
Answer briefly the following questions:
State any two benefits of e-business to the buyers.
Answer the following question:
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With reference to the Post Office, expand the following:
VPP
With reference to the Post Office, expand the following:
PIN
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It is not an application of e-business
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Describe briefly any two applications of e-business.
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The term e-business is derived from the term e-mail and e-commerce.
E-business allows you to work across the globe in any field.
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E-business means using the ___________ to connect people and process.
Select the correct option and complete the table.
(Business to Business, First step, e-commerce, payment mechanism, e-business)
| Group A | GroupB | |
| A) | Registration | ____________ |
| B) | Superset of e-commerce | ____________ |
| C) | ____________ | Last step |
| D) | Subset of E-business | ____________ |
| E) | ____________ | B2B |
Correct the underlined word and rewrite the following sentence.
E-business is hard to start.
Distinguish between.
E-business and E-commerce
Justify the following statement.
E-business allows users to work across the globe in any field.
What are the types of e-business? Explain.
E-commerce is a branch of ___________.
Study the following case/situation and express your opinion.
| Ram purchases a watch from Titan shop and his friend sham purchases a watch from an online shopping site. |
- Which shopping is from a traditional business?
- Which shopping is from e-business?
- Which business involved high risk?
State any four points highlighting the importance of e-business to the buyers.
