When a customer puts what they want into their cart, they go to the checkout - that's where the checkout process begins. While the whole process only takes a few seconds, what's going on in the background looks complicated:
During checkout, payment gateway system architecture，the payment gateway generates a new order in the system. Customers we need to complete the payment data of the credit card. Once the data is obtained by the system, the payment gateway will encrypt and store the data in strict accordance with the pCI DSS security rules, and send it to the merchant's acquirer.
02 From acquirer to processing center
The encrypted data collected will be transmitted to the payment network operated by the bank and then to the processing center.
03 Transaction successful or rejected
At this stage of development, the processing technology center authorizes payment methods and establishes social connections with the corresponding card issuers to ensure payment accuracy. The payment gateway will receive a response regarding the success or rejection of the business marketplace.
04 Successful transaction
When the issuing bank approves the transaction, the payment gateway takes the final transaction result and transmits it to the merchant's website to notify the customer whether the transaction was completed or rejected (as the case may be).
05 The payment gateway feeds back the transaction result to the merchant
06 payment and settlement
The payment security gateway settles the payment method to the merchant.
Serves as a router or a gateway?
How do gateway and routers differ?
A gateway is just a piece of hardware that serves as a gate between networks, but a router is a networking layer system used to control and forward data packets to devices network. Also, the operating principles of routers and gateways are significantly different.
Is a payment gateway the same as a payment facilitator?
Basically, the payment processor (the service provider facilitating the payment acceptance) collects and transmits the card information through the payment gateway (the technology that aids in securely transmitting the data), then coordinates its authorization and settlement with the card networks and banks, and finally...
Gating system – what is it?
Molten metal enters the die cavity through passages called gates. The main goal is to make sure that the ladle and the mold's cavity flow smoothly and completely. To produce flawless castings, a well-designed gating system is essential.