National Payment Gateway
Figure 1: Payment Gateway Flow Whenever a customer buys something from a virtual shopping mall, the Payment Gateway comes in the picture for the following functions: • Authorising – Verifying the buyer’s credit/debit card details • Clearing – Transferring the transaction to merchant’s bank • Reporting – Recording all transactions Steps Involved in a Payment Gateway Transaction • Step 1 – Consumer visits a shopping website and selects the goods or services and clicks on the “Buy” button. A message is sent to the website regarding the consumer’s desire to buy and make payment. 100