E-payment Gateway Model

The extraordinary growth of interconnected computer network & pervasive trends of using this network as new field for conducting Business process are stimulating the demand for new payment methods. These new methods attain high level of security, speed, privacy, decentralization & internationalization. This seminar surveys the state of art in payment technology & we proposed model for electronic payment gateway, On the basis of requirement of electronic payment gateway. E-payment is now one of most central research areas in E-commerce. E-payment system the automated process of exchanging monetary values among parties in business transactions. In this paper a brief overview of electronic payment gateway is provided. This, 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 fulfil 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.. Keywords— E-payment, Gateway