Design payment resolution easily

Aug 6th, 2022
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How to design payment resolution

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hello friends today we are going to talk about payment gateway system design before starting i would like to tell you that you can adjust the video speed to 1.25 x or 1.5 x as per your convenience because ive seen a lot of comments where you guys have asked question which i have already described in the video so i will just advise you that dont just scroll through the ppts uh just listen to what im explaining because i put less content on ppt and focus more on the explanation so if you just scroll up then you might miss some of the explanation so just bear with me uh adjust the speed to 1.25 x or 1.5 x and listen to the whole video now in todays video we are going to talk about payment gateway and payment in itself is a very very big domain so before jumping into the requirement and into the system design for this particular system i would like to go through some of the terms and technology basically some of the protocols that are followed in the payment industry so i will share

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How to create a payment gateway Create your payment gateway infrastructure. Youll need a server to host your gateway, whether its your own or via a third party. Choose a payment processor. Create a customer relationship management (CRM) system. Implement security features. Obtain required certifications.
2 Requirements. Important characteristics for an Internet payment system include security, reliability, scalability, anonymity, acceptability, customer base, flexibility, convertibility, efficiency, ease of integration with applications, and ease of use.
2 Requirements. Important characteristics for an Internet payment system include security, reliability, scalability, anonymity, acceptability, customer base, flexibility, convertibility, efficiency, ease of integration with applications, and ease of use.
SECURITY REQUIREMENTS Authentication of merchant and consumer. Confidentiality of data. Integrity of data. Non-repudiation.
An electronic payment system is a way of making transactions or paying for goods and services electronically without using cash or checks. These transactions are made through an electronic funds transfer, where an electronic system is used to transfer funds from one bank to another without the use of cash.
In general, however, electronic payment systems must exhibit integrity, authorization, confidentiality, availability, and reliability. A payment system with integrity allows no money to be taken from a user without explicit authorization by that user.
An electronic payment system is a way of making transactions or paying for goods and services electronically without using cash or checks. These transactions are made through an electronic funds transfer, where an electronic system is used to transfer funds from one bank to another without the use of cash.
Every business owner or company can build a custom gateway service for its operations. Some companies that benefit especially from payment systems include: Large corporations Financial houses Companies looking to upgrade their internal payment systems. IT companies expanding their business models into payment services.

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