Proposed Gateway Server For E-Payment

Abstract: In this paper a brief overview of electronic payment gateway is provided. This paper addresses the requirements for an electronic payment gateway from both the customers and the merchants' point of view. Most of the population doesn’t trust on the local existing online payment gateway because it is not very secure. Mostly people want to adopt electronic payment system as it has lots of advantages. They need such a gateway that fulfill their all requirements and provide security, privacy etc. On the basis of these requirements and the local infrastructure, we propose an electronic payment gateway for local environment.Electronic payment systems securely process such payments and can be implemented by merchants themselves on their own web servers or alternatively, they can be provided to merchants by third party e-payment service providers. This paper describes the mode of operation of a broad range of e-payment systems available today in order to provide a comparative evaluation of their advantages and disadvantages. The analysis is presented in terms of the features of each system and discusses the advantages and disadvantages to the customer, the merchant, the e-payment service provider and the financial institution.

Keyword: E-Commerce,Gateway,E-payment, Electronic Payment Gateway

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