A payment gateway is an e-commerce application service provider service that authorizes payments for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. In other words, a payment gateway provides a secure connection between an online store and its internet merchant account. The payments you make when you are buying either on an online store or a physical store, by using a credit card go through a payment gateway that verifies your payment. It is the equivalent of a physical point of sale terminal located in most retail outlets. Payment gateways protect credit card details by encrypting sensitive information, such as credit card numbers, to ensure that information is passed securely between the customer and the merchant and also between merchant and the payment processor.
Why do Payment Gateways Exist?
A payment gateway facilitates the transfer of information between a payment portal (such as a website, mobile phone or IVR service) and the Front End Processor or acquiring bank. When a customer orders a product from a payment gateway-enabled merchant, the payment gateway performs a variety of tasks to process the transactions. Basically, the payment gateways are a secure connection to the processing networks. As far as processing networks go, they are very complex networks that connect directly to the back-end processors and they also connect to the card issuing banks. The processors have a series of platforms under them that the payment gateways connect to.
At Jordan Bass, we use a secured payment gateway to protect your privacy and protect you from fraudulent transactions.
What is a SSL Certificate?
A SSL certificate stands for a "Secured Socket Layer" certificate. SSL Certificates are independent of payment gateways. They work by providing a secure connection between the website and the payment gateway. It was first was created by Netscape to ensure secure transactions between web servers and browsers. The protocol uses a third party, a Certificate Authority (CA), to identify one end or both end of the transactions. We use a "dedicated" SSL certificate for your security.
We Use Advanced Technology for Your Online Security
We use only the most advanced technology to protect the information that is important to you. With isolated Customer Databases, eliminating the concern of unauthorized data access and database corruption. Our secure server software, Secure Socket Layer (SSL) keeps all of your personal information, including your credit card number, name, address and email address, totally safe from unauthorized access. SSL encrypting of data transmission, hacker safe encoding and other technology. Most browsers now use SSL to encrypt the information that flows between your browser and the web server receiving your order.
When the lock or solid key is showing, it means that the browser has established a secure encrypted connection with the server, meaning it is safe to send sensitive data like your credit card. Once you begin a transaction, the rest of your visit will take place on our secure server. If you are using either Netscape, Mozilla FireFox or Microsoft browsers, a small key or padlock will appear in the bottom right corner of your browser, reminding you of the security of your transaction. Should unauthorized use of your credit card occur, most banks cover all charges resulting from the unauthorized use or may limit your liability to just $50.