Banking sector has evolved significantly in recent years
, with lots of inventions in its mechanisms. It started with having huge amount of banking books to contain the records of the all the transaction & now its all stored in servers that gives bank a huge space to store all the data. One of the important inventions of banking sector is debit & credit cards. And with the evolution of these banking sector has revolutionized the modern day life style. Earlier people use to carry cash for any transactions & now all the transactions can be done with just debit & credit cards. This have given people a great deal of peace & ease, as its little unsafe to carry cash these days. It also avoids people valuable time to get cash & then go for shopping or do any transactions. Another important evolution of banking sector is online payment gateway. Its the e-commerce services which have emerged as the most significant services in the recent years. This permits payment for e-businesses & online retailer, as most businesses in todays world prefer to have more transaction through e-commerce interface. The transaction done through payment gateway is as good as physical POS (point-of-sale) that gets process in most of retail outlets. This is complete separate from merchant account providers; however some merchant account providers have their own payment gateways. Most of the businesses use 3rd party payment gateways in todays world.
Online Payment gateway primarily has 2 components which make the transaction more secure & payments to get process quickly thus provide the merchant solutions more value than a physical transaction. This works on virtual terminal which allows the merchant to login & key in the credit card information in a secured environment & it also the website's shopping-cart connect to the gateway via an API to allow for real time processing from the merchant's website. The credit card merchant account providers usually prefer payment gateways for their transactions. The important aspect of the credit card payment gateway is the protection of credit card information through effective encryption technologies.credit card payment gateway, India, gives great importance in securing users sensitive information such as credit card numbers while a transaction is processed through this payment gateway.
Indian payment gateway networks are getting more clients for their effective process of all the transactions that are carried out through their gateways with strong security system which secures the entire users information. Most of these payment gateway networks are primarily 3rd party service providers which are leaving their marks in the world business today.