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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 the word or phrase or term which can substitute the following:
The term derived from the terms e-mail and e-commerce.
Write short note on the following:
Advantages of e-business.
Write short note on Disadvantage of e – business.
Write short note on the following:
E-business
Write short note on the following:
Business to Consumer (B to C)
Write short answers for the following question:
What is e-business?
Write short answers for the following question:
What are the advantages of e-business?
Answer the following.
What are the resources required for successful e-business implementation
Answer the following question:
What is a Dictaphone?
With reference to the Post Office, expand the following:
VPP
With reference to the Post Office, expand the following:
PIN
Answer briefly the following questions:
With reference to post office services, write the expanded forms of:
(a) RMS
(b)TMO
Answer the following question:
How does a business reply card help a business concern?
Explain the Post Box Service provided by Post Office. State any two advantages to the organisation which uses this service.
Choose the correct option for the following:
The payment mechanism typical to e-business
State any three differences between e-business and traditional business.
Describe briefly the data storage and transmission risks in e-business
Why are e-business and outsourcing referred to as the emerging modes of business? Discuss the factors responsible for the growing importance of these trends.
Elaborate the steps involved in on-line trading.
Match the pairs:
|
Group ‘A’ |
Group ‘B’ |
|
A) E-business |
1) Consumer to consumer |
|
B) B2C |
2) Exist everywhere |
|
C) Outsourcing |
3) First step |
|
D) Digital cash |
4) Business to Consumer |
|
E) Registration |
5) Electronic business |
|
6) BPO |
|
|
7) RTO |
|
|
8) Efficient business |
|
|
9) Exist only in cyberspace |
|
|
10) Last step |
E-business allows you to work across the globe in any field.
E-business is an abbreviation for ____________.
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 |
Answer in one sentence.
What is E-business?
Correct the underlined word and rewrite the following sentence.
E-business is hard to start.
Explain the following term/concept.
E-business
Distinguish between.
E-business and E-commerce
Justify the following statement.
It is easy to set up e-business as compared to traditional business.
Justify the following statement.
E-business allows users to work across the globe in any field.
State any four points highlighting the importance of e-business to the buyers.
