Enables the authorization, processing and managing of online transactions.

a combination of hardware and software that provides merchants with the ability to perform real-time credit card authorizations from a Web site over the Internet

a company that provides real time authorization of online transactions

a company that specializes in interfacing with merchant banks

a mechanism that transfers the payment and credit card details from your website (or another physical or virtual terminal) to a merchant account bank that processes the transactions

an essential part of an Online Payment System and is necessary in order to process credit card transactions receive customer payments for goods and services sold

an essential part of your online strategy

an intelligent router that receives Internet payment messages and directs them to the applications responsible for carrying through financial transactions

an optional feature of EarthLink E-Commerce Packages, included with a merchant account

a piece of software or process that enables online

a piece of technology, a computer program if you like, which processes the authorisation and issues instructions for transfer of funds for online credit card sales

a service provided by a billing or merchant processor

a service provided by a billing processor, which allows credit card information to be collected and passed over the internet

a service provided by billing processor which allows real time authorization of online transactions

a service that can be used to process credit card transactions

a service that connects your web store to the banking system, in the same way that a card-swipe machine links a physical store to the banks

a service that gives merchants

a service that links a website with a merchant account

a service that provides the necessary connectivity between customers, vendors and financial institutions to successfully process online payments

a service which connects your website to your credit card merchant account, allowing live credit card transactions for orders placed on your site

a software interface to the credit card processing hardware

a software program integrated to a merchant's website to transmit transaction data to the credit card acquirer for authorization and settlement

a software program that captures consumer bank card information when your customers make purchases at your store and then, delivers that information to your merchant processor

a software program that connects your online store to your merchant account provider

a software program that integrates to a merchant's website and allows real time credit card processing (authorizing and settlement) of payments securely on the Internet to the merchant's bank account

a software program that integrates to a merchant's website for the purpose of transmitting transaction data to the credit card acquirer for both authorization and settlement purposes

a system that actually transmits the credit card

a system that validates a credit card during a transaction and transfers funds to your merchant account

The computerized connection between your online purchasers and your merchant account. Among other things, a payment gateway accepts the purchaser's credit card information, makes sure the card information is valid, and tells the customer that her card has been billed for the amount of her purchase.

A business or software that enables e-commerce systems to communicate with a merchant's Merchant Account Provider to enable online credit card processing.

An Internet service that transports credit card information from a computer terminal or Web site to the credit card processor, where it can be verified.

a system of allowing real-time credit card authorization by connecting a website order form to the credit card processing system.

A payment gateway processes payments from the merchant to the bank network. They grant merchants access to their secure systems and provide technology which integrates with financial institutions.

This is a 3rd party, which normally is a company such as Paypal, Worldpay or your own bank who oversee the process of handling payments made from your website. Due to the strict laws relating to the handling of financial information such as use of credit cards, it is advisable for companies to use a 3rd party company to handle this process in a safe and secure manner.

A program that provides an interface between an external source of information, such as the vPOS terminal, and the server for the payment transaction processor.

A company that provides an interface between the Internet and the secure banking networks. A payment gateway authenticates the parties involved and acts as a channel for moving credit card transactions from your ShopSite store to a payment processor.

Allows the secure transfer of credit card funds from users on your website to your merchant account.

An Acquirer’s link between its e-commerce merchants and the global VisaNet transaction processing system. The payment gateway receives encrypted transactions from the merchant server. The gateway then authenticates the merchant, decrypts the payment information, and sends this data through VisaNet to the Issuer for authorization. When an Issuer response is returned through VisaNet, the gateway encrypts the payment data again along with the response and sends this back through the Internet to the merchant server. The payment gateway thus supports merchant and cardholder authentication, the safe transmission of payment data, and the authorization and capture of e-commerce transactions.

A software usually provided by a third party such as Authorize.Net that allows a web site to be integrated to a merchant account.

An online system for real-time charging of credit cards when a customer places an order. Normally requires a merchant account.

The code that will transmit a customer's order to and from a merchant's bank transaction authorizing agent.

As it applies to e-commerce, a payment gateway is software that is hosted on a server that links an online store to a process that verifies that a customer, who is placing a credit card order, has the credit available and that the order should be accepted. Later, when the merchant is ready to submit the charges for processing, the payment gateway accepts them and submits the charges to a payment processor who facilitates the transfer of funds to the merchant.

a company or organization that provides an interface between merchant's point-of-sale system, acquirer payment systems, and issuer payment systems. ayment-in-kind: an alternative form of pay given to employees in place of monetary reward but considered to be of equivalent value. A payment in kind take the form of a car, purchase of goods at cost price, or other nonfinancial exchange that benefits an employee.

Payment Gateway companies help other Processors conduct secure business on the internet using Secure Socket Layer (SSL) technology. They provide a system that passes credit card data, authorization requests, and authorization responses over the Internet using encryption technology. The transaction information is sent by the Payment Gateway secure server via leased line to the credit card network where the validity of the card is checked and the availability of funds on that account is verified. An authorization code is returned via leased line to the Payment Gateway; the authorization is encrypted by the Payment Gateway and transmitted in encrypted form to the web server of the merchant, which triggers fulfillment of the order.

A banking body that will process your website transactions and send payment to your merchant account.

A computer system that acts as a mediator between a merchant account and online storefront. Payment gateway is used in authentication of credit card information and real-time charging from a credit card.

An application that replicates the functionality of a credit card company, allowing credit cards to be processed successfully online.

The transaction processing vehicle that receives encrypted transactions from the merchant server, authenticates the merchant, decrypts the payment information, and transmits the data to the authorization and settlement networks.

A Payment Gateway is a technology service usually available over a network, that permits subscribing service applications to perform one-stop electronic transactions, usually related to credit cards.

Software or service that transmits credit card transaction information (eg. credit card number, purchase amount, credit card expiry date, etc.) from the merchants eBusiness into the credit card processing networks (owned by Visa, MasterCard, American Express, Discovery etc) for approval.

A payment gateway enables businesses to perform credit card transactions online, via a website. These are always secure, and vary in methods and pricing.

A system that provides services to Internet merchants for the authorization and clearing of online Visa transactions.

An internet service that connects your e-commerce site with your Merchant Account. A gateway accepts your order information and connects to your Merchant Account to authorize and transfer funds.

A system of technologies and processes that allow merchants to electronically submit payment transactions to the payment processing networks (i.e., the Credit Card Interchange and the ACH Network). Payment gateways also provide merchants with transaction management, reporting, and billing services.

A payment gateway is a service that connects your online store with your merchant account provider. This service reads the information from the order forms and translates that... Last Modified: 2004-05-13 Number of views: 250

Software that resides on a 3rd-party system that processes customer credit card transactions between a virtual terminal or ecommerce website and the merchant bank.

A provider of software and hardware systems that connect merchants and credit-card authorization networks together in order to complete real-time authorizations, automated batch submission, reporting, and a online commerce functions.

Applying to e-commerce, a payment gateway is software that is a hosted on a server that routes financial transactions between the merchant and the bankcard processing associations (Credit Card).

A payment gateway is an external source or website responsible for accepting and authorising online payments on your behalf. As standard all our packages use PayPal (www.paypal.co.uk).

A combination of software and hardware that provides an interface to the bank card processing network.

A system that allows the processing of payment transactions over the Internet. Payment gateways encrypt sensitive information to ensure that information passes securely between the parties involved, i.e. customer, merchant, and processor.

The code that transmits a customer's order to and from a merchant's bank's transaction-authorizing agent - usually a MAP (merchant account provider). See also payment gateway provider.

A Payment Gateway is an e-commerce ASP service that authorizes payments for e-businesses, online retailers, bricks and clicks or traditional brick and mortar. It is the equivalent of a physical POS(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.