RBI shuts overseas payment gateway for credit card transactions within India
Aprameya Radhakrishnan, cofounder and director of Taxi for Sure, a Bangalore-based online taxi aggregator and Uber rival, said, "It will impact only foreign companies who are operating in India through an international payment gateway or by storing …
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Eason Inks Payment Gateway Deal with TNS
DUBLIN–(BUSINESS WIRE)–Eason, Ireland's leading retailer of books, stationery, magazines, cards and much more, has chosen the TNSPay gateway from Transaction Network Services (TNS) to handle payment transactions made across its store network …
Read more on Business Wire (press release)
Google working with Airtel as payment gateway for digital purchases
While having a credit card is like having a company ID in the US, not all countries have that kind of relationship with that plastic rectangle that makes you buy stuff. In India, for example, most smartphone owners don't own a credit card, making it a …
Read more on Android Community
Question by chidambaram: Indian payment gateway?
Hi
I am looking for the payment gateway for my new business , Please suggest me which one of the payment gateway is best for start up business .
Best answer:
Answer by revathy_04
Payment gateway option is depends upon the country you are doing business , It is like opening a bank account in western countries like USA . In our country we have lot of limitation.
check the url for list of payment gateway servcie provider in india .
http://blog.mioot.com/payment-gateway-comparison/
Add your own answer in the comments! cheap essay writing uk
Former Executive Chef at the Pentagon Sets the Stage to Honor Veterans at …
Oakwood Common offers one and two bedroom senior living apartments located at 16351 Rotunda Drive, within a beautiful 29-acre community that includes exquisite landscaping, nature trails and scenic views along the historic Rouge River Gateway in …
Read more on Marketwired (press release)
How Obamacare Went South In Mississippi
Families are crippled because of health crises that tear their lives apart, and by the burden of debt caused by the inability to pay for the health care that they need," the letter states in part. Demonstrators carried a large check for $ 8.7 billion …
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Los Angeles Metro taps Cubic for TAP upgrade
Cubic will also be providing its PA DSS-certified Cubic Payment Application (CPA), a secure card payment processing gateway, as well as an interface to Metro's bank of choice, Bank of America. The agreement also includes Cubic-supplied upgrades to …
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CardinalCommerce and PAY.ON Join Forces to Offer Premium Consumer …
A modular payment gateway connects to more than 350 system-relevant payment providers worldwide and offers more than 200 payment methods via a single API. PAY.ON helps payment providers address current market challenges and gives them a …
Read more on GlobeNewswire (press release)
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 …
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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 …
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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
