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Payment Gateway

A payment gateway is a technology platform or service provider that enables online merchants to accept electronic payments from customers through secure transmission of payment data between the merchant’s website or application and the payment processor or acquiring bank. In academia, payment gateways are studied within the fields of financial technology (fintech), cybersecurity, and electronic commerce. Researchers investigate payment gateway functionality, including payment processing, transaction routing, and fraud prevention, to understand its role in facilitating secure and reliable online transactions and protecting sensitive financial information from unauthorized access or interception. Payment gateways offer various features and security measures, such as encryption, tokenization, and PCI DSS compliance, to ensure the confidentiality, integrity, and availability of payment data throughout the transaction lifecycle. By integrating payment gateways into their e-commerce platforms, organizations can offer customers seamless and convenient checkout experiences, reduce payment processing risks, and build trust and confidence in online transactions. Academic studies on payment gateways also explore emerging trends such as mobile payments, contactless payments, and biometric authentication, as well as regulatory requirements and industry standards for payment security, interoperability, and interoperability to address evolving threats and consumer expectations in the digital payments landscape.

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