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Security in Web Based Transactions

 
Industry : IT Services Functional Area : Application Software
Activity:  0 comments  98 views  last activity : 07 06 2010 20:18:04 +0000
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Internet payment solutions are transit points that help in electronic transfer of funds from the account of one person to another. The use and importance of internet transaction is heading straight high and hence it is very important to know how the payment gateways work.

WHAT  IS INTERNET PAYMENT GATEWAY?

 

Internet payment gateway is a software program. The transactions that you make in a website to avail the services of online banking or online shopping or any other activity that involves some monetary connection is taken care by internet payment gateways. Internet payment gateways function like the credit card used to make credit purchases and withdraw cash during times of emergency. The payment gateway helps in the transfer of all relevant information regarding funds.

 

FUNCTIONALITIES

  • One of the functions is to facilitate ecommerce transactions 
  • Other is to manage risks


BENEFITS

No Technical Knowledge is Required
Time Taken to Implement is Less
Offers lot of Options

 

DRAWBACKS

Accessing Customer Information
Problem Solving takes Lot of Time
Insecurity among Customers

 

 

 

 

 

 

 

 
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