Glossary

Payments Gateway/Platform

It is an e-commerce structure which enables a holder’s transfer of money between banks and traders beyond personal or card information. PG is an advanced service that scans the credit card and forwards the information about the client to the seller’s acquiring financial institution for handling.

Such services can also be established on the subscription or to take the fee for the transactions one by one. Generally, PG assists traders and clients by giving the key data during the transaction. If the consumer places the order on the website, there are various assignments which are performed by the PG, such as encryption of the data, approval of the authorization by the issuing bank along with steps to process the payment.

It also screens the orders in order to get away from the potential threat or leak of the personal data. Detection instruments involve geolocation, AVS checks along with the authentication of the address.

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