What is a Payment Gateway?
Payment gateways authorize electronic credit card and ACH payments to provide seamless payment processing for businesses. They can be thought of as similar to a POS terminal found in many retail establishments. These gateways encrypt and store sensitive data, including credit card numbers, ACH account numbers, AVV and CVV2 information. This ensures that sensitive information is kept safe while a payment is processed. These gateways are also responsible for transferring payment information to the customer’s acquiring bank. Payment gateways reduce a business’ liability and ensure that payments are processed securely.
Payment processing can be automated by having a secure software vendor communicate with the payment gateway and the acquiring bank to ensure seamless payment processing. k-eCommerce Credit Card Extension, a payment processing solution for Microsoft Dynamics users, works with multiple gateways to ensure secure payment processing. This PA-DSS certified solution makes it easy for a business to obtain PCI Compliance and also supports token technology.