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Web Payment Gateways and Processors
The field of e-commerce has evolved over the years, following continuous advancement in technology, resulting in an upward surge in the number of online transactions. In a bid to mitigate the risks involved in processing online payments, software providers have developed web payment gateways and processors. It works together with credit card processors and notifies the processor of all transactions on the credit card. The software not only eases the process of transacting online but also provides alerts to users against susceptible activities.
Web Payment Gateways and Processors are enabled to authorize the processing of direct payments or credit cards for online businesses -the processors transfer payment information from the payment portal such as mobile phone or website to the front end processor (the payment receiver). Upon the completion of any online business deal, the system sends a notification indicating the authorization of the deal from the credit card processor. The software allows numerous methods of payments and links the merchant\\\'s online store with his payment service provider.
Web payment gateways and processors have created a more secure environment as far as online business transactions are concerned.
PAT Grid™ for Web Payment Gateways and Processors
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