Over View Secure Internet Payments utilize some of the most sophisticated encryption technology available in the world, thereby providing safe, convenient, cost-effective and rapid payments between consumers, merchants, and their banks over the Internet. Credit card transactions can be routed via Gateways , Direct Dial, and Lease Lines. Virtual storefronts can be hosted by the ISP or they can be self-hosted by the merchant. Net, CyberCash are Internet connections residing on or near the Internet backbone that are connected to today's existing banking networks.
Gateways send and receive authorization and settlement requests from commerce enabled websites.
Most transactions take place with the use of a Shopping Cart. Direct Dial is a software specification that allows a direct interface to be written to facilitate emulation of a POS terminal. This system improves response time by eliminating the dial and connect time. Typical transaction response time is 3 or less seconds. Generally, the monthly cost to the merchant for the lease line is high, but is offset if the merchant is processing greater than 800 transactions per day.