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Payment Gateway

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Payment Gateway - definition(s)

Payment gateway - An application (sometimes based on the Secure Electronic Transaction (SET) protocol) designed to securely support financial transactions from web-based merchants. Its functions include authorization, payment capture, authorization reversal, credit, and settlement transactions. Transaction processing is often integrated into fulfillment processes for product delivery.

[Category=Data Quality ]

Stibo Systems, 26 May 2011 08:04:25, http://www.stibosystems.com/US/Resources/Glossary/F.aspx External 


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