Electronic Money

fiona December 14, 2018 No Comments

Electronic Money

Electronic Money – How Useful to Us Making payments through mobile devices is already a reality in today’s world and little by little this trend is expanding to the rest of the world. But will the use of electronic money really replace the use of cash? Each time, technological advances allow for safer, faster and more efficient transactions, so in the near future, transactions can also be done from ATMs, the point of sale terminals or computers, also from portable devices such as cell phones. Let us understand more about the benefits of electronic money (E-money) What is an Electronic Money? Electronic money is a virtual means to make payments without the need for a credit card or a bank account. Its objective is to facilitate the economic transactions of citizens. In addition, its use is more secure than cash, since the user will no longer have to expose himself […]

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What are Payment Gateways?

fiona December 9, 2018 No Comments

What are Payment Gateways?

Payment Gateway (Service Gateway) – A service for fast and secure processing of electronic transactions, an online equivalent of a payment terminal used in retail outlets. Authorizes payments and provides contact between the seller, the buyer, and the bank. Payment gateways are software applications created specifically for e-commerce. However, thanks to the fast and accurate activation of payments embedded in them, they have found application in traditional business. Security of information exchange through the payment gateway is achieved by encrypting personal data such as credit card number, secret code, etc. using SSL (Secure Socket Layer). Many hosting companies include payment gateways in their standard client packages. How to Buy Goods Using Payment Gateways? To buy goods through the payment gateway, the customer must have an account in the corresponding system. But once having passed the registration, then, upon purchase, he chooses a payment method through the payment gateway and enters […]

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