Better Business Bureau cautions attendees as 'Flip This House' star's seminar …
If you didn't pay cash for the home you will be responsible for the mortgage payment until it sells. If the home you purchase has code violations, you must make those repairs to avoid fines. Beware that many foreclosed homes have unseen damage that …
Read more on The Flint Journal
Coming soon: Feed the meter with the tap of an app
The controversial old plan called for leasing the parking system to the region's port authority and its private partners – including Xerox – for decades in exchange for an $ 85 million upfront payment to use for several economic development projects …
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From Fri, e-pay option for water bills
To facilitate online payments, the state is using SBI's payment gateway. Service charges to avail online payment through debit cards or internet banking will be absorbed by the government, while the service charges to avail online payment through …
Read more on Times of India
RisePay to integrate Spindle payment processing aggregation in strategic …
Spindle, Inc., (OTCMKTS:SPDL) a leading provider of mobile commerce solutions, announced it has signed a strategic agreement with RisePay, a developer of payment gateway systems for small businesses, service providers and mobile vendors. Through …
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Meru Cabs asks RBI to extend recurring payment rules to foreign players like Uber
Meru says foreign players like Uber are able to circumvent the mandated two-stage credit card authentication by routing their transactions through foreign payment gateways, on which RBI has no jurisdiction. This allows them to store credit card details …
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Ed FitzGerald: LeBron's return worth millions to Cleveland, Cuyahoga County
FitzGerald said he expects that between increased attendance and playoff games, the county will save $ 3.5 million a year on its Gateway payments while the Cavs sell out games. 2. More fans downtown means more jobs, increased sales tax collections.
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Question by James Bond: which technology is used for payment gateway ?
I mean there is technology that transfers money. We use some technology there are lots of its just tell me some so i can know something about
Best answer:
Answer by stymiee
This isn’t a project you would write with a language like PHP. You would need to use a higher level language such as C or C++. Something compiled that will be much faster and more robust then PHP. You can power your web based front end with PHP (i.e. user control panel) but the backend stuff, including payment processing, will need to be in the higher level language. You’ll also need an enterprise level database as open source databases could never handle a task like this. Basically you’re looking at using an Oracle database which is expensive but also designed for this sort of thing.
Your first major issue will be PCI DSS compliance. This is the security practices dictated by the major credit card companies (Visa, MasterCard, Amex, Discover Card, JCB). It dictates how you will secure your data in terms of hardware, software, and practice. It is expensive to do and maintain. You will need to hire a company to certify your compliance on a regularly scheduled basis. Failing your certification can mean you get shut down.
Your second major issue will be getting certified by the processing networks. To be a successful payment gateway you must be certified on every processing platform and there are at least 16 of them that I can think of off of the top of my head. Being certified takes about two months for each. You can do them simultaneously but you would be looking at at least a year to be certified on all of them. And each one has a different API so you will need to code your payment gateway to work with all of them.
Your third major issue will be the data you store. Not only do you have the PCI DSS issues to deal with, but you will need to capture and store every transaction that runs through your system for years. That kind of data will require tons of storage space (that will also need to be secured).
Your fourth major issue will be processing volume. A gateway must be able to perform transactions in a second or less. This means your hardware solutions must be able to scale for heavy traffic especially over the holiday season. It will need to be able to handle hundreds of transactions per second (thousands if you become successful). That is a big reason why you’ll need to use a higher level language over PHP.
Your fifth major issue is that you will need to create a powerful yet easy to use API for web developers to use to connect to your payment gateway. They need to be able to do everything a credit card terminal can do through code. Documenting that should be fun! 😉
Minor issues include:
– Making sure you are ECI compliant (Electronic Commerce Indicator is required for all Internet transactions)
– Securing all data transfer (SSL)
– Offering a user control panel
If you want to be successful you will also need to have the following in place:
– Anti-fraud tools
– Have a reseller program in place
My estimations would say it would take 2 – 3 years to build your own payment gateway and get it up and running. That includes being PCI DSS certified, certified on every major processing platform, and to create your API. Costs would be around $ 250,000 as the developers you would need to write that kind of code will not be cheap plus you will have large infrastructure costs (hardware and software) just to run everything.
Know better? Leave your own answer in the comments!
Question by sean: What is a secure payment gateway?
How does it work to a merchant’s advantage?
Best answer:
Answer by happy
You need a payment gateway to process your on line payments as well as your normal credit card processing card company. They take your customer’s card details over the Internet and perform security checks on your behalf. It’s not to your advantage, because you have to pay twice and it’s not something you can do yourself.
It depends on the volume of business you transact through your site as to whether using a payment gateway is financially viable. For low volume transactions, a company such as paypal to take your online payments will be much much cheaper and it’s very straight forward. Google has also introduced a similar service recently.
Add your own answer in the comments!
Question by thil: Indian payment gateway?
Which Indian payment gateway is easy to integrate to any opensource shopping cart.. ..
Best answer:
Answer by Lauren Green
You could check out this list of payment gateway that is widely used in India but not sure whether they are easy to integrate or not.
http://ijsid.wordpress.com/2009/06/01/top-10-payment-gateway-india-new-column-on-10-things-in-no-ranking-order/
Or I would suggest you opt for international payment gateways like PayPal. Here’s a list of other payment gateways that you could also consider integrating as they are widely known and recognized as well :
http://www.instantestore.com/accept-credit-cards.cfm
Hope this helps.
Lauren
Know better? Leave your own answer in the comments!
Can Amazon Sponsored Links Challenge Google AdWords?
Now imagine what happens if Amazon extends its reach from the seven percent who buy online, to all the physical retailers that could use Amazon as a payment gateway with its new credit card reader service [Amazon Local Register]. It's a scary scenario …
Read more on The Inquisitr
CWG Eyes New Opportunities, Claims Business Model Affects H1 Financial Report
… Openshoppen, an e-commerce site that provides multiple shop owners the opportunity to open virtual shops online, complemented by an integrated secured payment gateway, thereby allowing online buyers to pay for products and services with their cards.
Read more on The Guardian
MerchantCoin.net Introduces Groundbreaking Approach for Bitcoin Mining
To support newly registered businesses, MerchantCoin will offer a completely free and open-source ecommerce ecosystem, including a web portal, website, storefront, content management system, shopping cart, payment gateway/point of sale solution, wallet …
Read more on Ping! Zine Web Tech Magazine
In finance, binary option can be defined as a type of option whereby, the reimbursement is designed to be a particular amount of money or nothing at all. Binaryoptionsbluebook.com can help you select the best performing ones. Thus, for a binary option to be defined as successful it will only be determined by two options. In finance, some of the benefits of binary option include:
Simplified trading. Binary options make trading simpler. It only leaves the investor with one single option while the broker is left to take care of the rest of the variables. In this case, there are only two outcomes expected and this will not be affected by whether there is a rise or fall in the market.
Secondly, with binary options, there is limited risk. This is because it leaves the investor with only two options to choose from. The investor is able to know the exact amount of loss that is likely to be incurred in case the business is unsuccessful or the amount of profit that will be gained in case it turns out successful. If the speculation turns out to be correct then the returns are likely to be very high.
Binary options also provide high potential yields in business. This is because they attract traders regardless of the rise or fall in the market. It still allows traders to make money regardless of these conditions. There is some speculation that binary options may pose a very big risk to investors but this is not the case. This is because the binary options are accessed easily by both the experienced and new investors.
Binary options also enable an investor to calculate the latent profit as well as the specific exposure. This enables them to get rid of all the uncertainties prior to placing a trade. In this case, the price of a particular asset will be of less importance and the investor is left to focus only on its direction. This is what attracts many traders because of the unpredictable nature of the binary options.
Due to competition, brokers have been giving out a variety of binary option products. However, regardless of the two choices left in a binary option, there are foreign traders who have allowed traders to walk out of trade before the expiry. The earlier the trader exits the trade, the lower the loss due to a lower payout that will be determined by the broker. However, this will be of benefit to the trader as they will not lose their entire investment. So If you need some money to invest in binary options, there are a lot of Iphone casinos that can help you do that!
Paga resolves to tackle payment challenges in Nigeria
From global brands such as Emirates Airlines who use Paga's payment gateway to accept payments from customers purchasing a plane ticket with a debit card or Paga account, to local businesses such as FoodPro who use Paga to disburse payments to staff …
Read more on The Guardian Nigeria
Stripe: Why it's my de facto standard for payment processing
Payment gateways often lack adequate documentation, so integrating them in your code usually tests a developer's patience and sanity. This is one of the reasons I was initially attracted to Stripe (plus, there is lots of positive feedback in the …
Read more on TechRepublic
Boom time for e-commerce in India; but customers face heightened risk of fraud
NEW DELHI: As more Indians step up to make online payments, there is a proliferation of payment gateways and mobile wallets, many of which are facing the risk of being misused by unscrupulous merchants. Payment service providers like Citrus Pay and …
Read more on Economic Times
Digital River and Klarna form online payments alliance
As part of another agreement, Klarna is using the Digital River World Payments solution to process consumers' credit card and online bank transfer payments through Digital River's international payment gateway. In 2013, Digital River processed more …
Read more on Finextra
Japanese Exchange BitFlyer Raises 6k in Growth Funding
As well as allowing people to buy and sell bitcoin, bitFlyer partnered with GMO Payment Gateway to provide a bitcoin payment option to 48,000 online merchants in late September. Earlier the same month, the firm launched Japan's first bitcoin …
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Question by TheHermit: how do i MAKE a payment gateway?
okay don’t be so quick to judge.. i understand its not easy and its gonna take a LOT of work.. but it seems like the internet doesnt want me to know the answer to that! i could find NO sources for this.. ok lemme split this questions into sub-questions so its easier to answer (..?)
* is there any reading material for this?
* how much investment are we talking here?
* is there a proper tutorial that gives any pointers?
* on a scale of one to ten how retarded do u think this question is.. as in how hard is this gonna be for a good PHP programmer (me)
thanks in advance!
and we could do without the wisecracks thank u!
Best answer:
Answer by Shedy G
if you that stupid why ask its a10
Know better? Leave your own answer in the comments!
