The service that automates the payment transaction between the shopper and merchant. It is usually a third-party service that is actually a system of computer processes that process, verify, and accep [..]

A payment gateway is an eCommerce service that authorizes online credit card payments. It is typically associated with the online store's a merchant account, and facilitates encrypted transfer of [..]

A secure server that processes online card payments, encrypting sensitive information in order to safely transmit payment information between the customer’s Issuing bank, the Card Scheme and the Acquiring Bank.

A software used to charge customers credit card and send money directly to your bank account. See MERCHANT ACCOUNT.

An e-commerce application service provider service that authorizes payments for e-businesses, online retailers, or traditional brick and mortar businesses. It is equivalent to a physical point of sale terminal located in most retail outlets.

Means of authorizing credit card or other payment transactions in real-time, which can be made both online via a website or offline at a retail establishment.

The online equivalent of a cash register connecting websites to credit card carriers so that online credit card transactions can be completed in real time.

Software on a third-party provider’s server that handles the transmissions between a merchant and their processor required to complete an electronic transaction. TransFirst offers an electronic payment gateway called Transaction Express®.

Payment gateways are often required by a bank who provides merchant facilities to encrypt sensitive information (such as credit card numbers) to ensure that information passes securely between the cus [..]

the payment processor used to handle transactions on your ecommerce store, your payment gateway can be either on-site or off-site, depending on what works best for your model.

A payment gateway is an e-commerce system that helps support modern retail or other types of sales of products and services, over the Internet or at brick-and-mortar stores. Payment gateways authorize [..]

A combination of software and hardware that provides an interface to the bank card processing network.

A computer system that acts as a mediator between a merchant account and online storefront. A payment gateway is used to authenticate credit card information and charge a credit card in real-time. Payment gateways protect credit card details by encrypting sensitive information. This encryption ensures that information is passed securely between the [..]

eCommerce platform that authorises movement of funds between cardholder, merchant and acquiring bank.

A system of technologies and processes that allow merchants to electronically submit payment transactions to the payment processing networks (i.e., the Credit Card Interchange and the ACH Network). Pa [..]

A computer system that acts as a mediator between a merchant account and online storefront. Payment gateway is used in authentication of credit card information and real-time charging from a credit ca [..]

The code that transmits a customer's order to and from a merchant's bank's transaction-authorizing agent — usually a MAP (merchant account provider). See also payment gateway provider.

 Term used to describe a payment platform. In essence it is an eCommerce application service that authorises a range of online payments and transactions.

An Internet-based service that transports credit card information from a computer terminal or Web site to a credit card processor, where it can be verified.

A third party which handles the interaction between a merchant and the acquiring bank in a secure environment. Payment gateways commonly provide additional flexibility and functionality then direct integration with your bank, and allow for your to change banks without changing your integration.

Software that allows you to process credit card payments. It can call up information from the customer’s bank to verify the transaction and forward data to your credit card processor. It may also incl [..]

a payment gateway is an ecommerce application service provider service that authorises payments for online retailers. It is the equivalent of a physical point of sale terminal located in a retail outl [..]