Day: May 26, 2021

Technology Definition And MeaningTechnology Definition And Meaning

In Acquirer Domain, the service provider checks for the validity of the person, towards the fee request made by the consumer. On successful authentication, merchant server directs the customer to the payment gateway. The payment gateway, checks for the customer’s enrollment in 3-D safe system and responds with XML-based Payment Authentication Request (PAReq) to merchant’s server. The merchant’s server sends this PAReq to the cardholder’s browser, who is sitting in Issuer Domain. Merchant’s server punches a parameter onto this PAReq message.

The most interesting a part of all these steps is the magic of technology as they execute in a span of few minutes. Imagine all the communication, encryption, validation and transaction occurs in a span of two-3 minutes.

3-D secure is an e-commerce application for payment system, like the one used in airline reservation methods, and an XML based protocol for implementing better safety on transactions made utilizing credit …