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. 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.
Famous quotes containing the words payment and/or gateway:
“The payment of debts is necessary for social order. The non-payment is quite equally necessary for social order. For centuries humanity has oscillated, serenely unaware, between these two contradictory necessities.”
—Simone Weil (1909–1943)
“The whole fauna of human fantasies, their marine vegetation, drifts and luxuriates in the dimly lit zones of human activity, as though plaiting thick tresses of darkness. Here, too, appear the lighthouses of the mind, with their outward resemblance to less pure symbols. The gateway to mystery swings open at the touch of human weakness and we have entered the realms of darkness. One false step, one slurred syllable together reveal a man’s thoughts.”
—Louis Aragon (1897–1982)