“Payment Gateway” you can assume is the Server component for a merchant plug-in (where you enter the credit/debit card details). It maintains the relationship with the web merchants, and also provides the Merchant plug-in. A Payment Gateway “acts” like a Terminal Acquirer Switch, supporting web based transactions. A PG maintains relationship with the Schemes as well, to push the authorisation to the scheme. “Payment Switch” is an OLTP application which supports Issuer and Acquirer transaction processing like supports interface communication with schemes, communication with POS (Transaction acceptance devices), it can also connect to PGs, to communicate with Schemes, with Banking interfaces for authorisation processing, Settlements processing etc. Lets see an example For e-commerce: Merchant PG Scheme Issuer Switch For e-commerce it can also be: Merchant PG Acquirer Switch Scheme Issuer Switch For POS transactions: Merchant POS Acquirer Switch Scheme Issuer Switch So, while PG and Switch generally perform complementary services, PG caters for web merchants, Switch caters for a wide variety of functions from Interface, Transaction Processing, Settlement etc. Watch my video on “3D Secure & eCommerce” th-cam.com/video/Do-x8gTccuA/w-d-xo.html, to know more about PGs.
With respect to Cards, there are a lot of types of TPPs. This link from Visa gives an overview (not an exhaustive list) usa.visa.com/content/dam/VCOM/download/merchants/tpa-registration-program-faqs.pdf
HSM stands for Hardware Security Module. These are physical appliances (devices), which perform cryptographic functions pertaining to payments, like key generation, validation, CVC/CVV generation/validation, PIN related activities etc.
Switch is a software. Processor (a.k.a Third Party Payments Processor. - TPPs) is a Institution which provides Issuing/Acquiring/Processing/VAS services to companies.
Thanks Mohit. With regards to Terminal Security, I assume you are aware of the EMVCo Level 1, 2, PCI testing requirements, Application Testing. Apart from the terminal there are separate specifications for PIN Pad (PCI PTS requirements). Some links that may help you are, globalrisk.mastercard.com/wp-content/uploads/2020/09/Terminal-and-PIN-Entry-Security-Standards-FAQs-1-September-2020.pdf www.tuvsud.com/en-us/services/product-certification/terminal-approvals blog.payjunction.com/credit-card-terminal
I do not if there is one book, which covers "ALL" payments. But this is one good book www.amazon.in/Auth-Capture-Introduction-Payments-Ecosystem/dp/1639975136
When I am going to merchant shot and I was buy a product and my card is icici bank and merchant bank account is hdfc card so what is the relationship between me and merchant it means I am issuer of merchant or aquirer of merchant
Fantastic Satish!! Clear & concise.
hi Satish - its quite a informative deck on switches. Looking forward to your posts..
Super informative - thanks!
Hi Satish... Can you please post a detailed view on Base 24 testing...
What is the difference between payment gateway and payment switch?
“Payment Gateway” you can assume is the Server component for a merchant plug-in (where you enter the credit/debit card details). It maintains the relationship with the web merchants, and also provides the Merchant plug-in. A Payment Gateway “acts” like a Terminal Acquirer Switch, supporting web based transactions. A PG maintains relationship with the Schemes as well, to push the authorisation to the scheme.
“Payment Switch” is an OLTP application which supports Issuer and Acquirer transaction processing like supports interface communication with schemes, communication with POS (Transaction acceptance devices), it can also connect to PGs, to communicate with Schemes, with Banking interfaces for authorisation processing, Settlements processing etc.
Lets see an example
For e-commerce: Merchant PG Scheme Issuer Switch
For e-commerce it can also be: Merchant PG Acquirer Switch Scheme Issuer Switch
For POS transactions: Merchant POS Acquirer Switch Scheme Issuer Switch
So, while PG and Switch generally perform complementary services, PG caters for web merchants, Switch caters for a wide variety of functions from Interface, Transaction Processing, Settlement etc.
Watch my video on “3D Secure & eCommerce” th-cam.com/video/Do-x8gTccuA/w-d-xo.html, to know more about PGs.
Hello sir can you give detailed info about base 24 application
Very well articulated..
Great content,Sir
Is the switch a physical device? Where does it operate from.
Payment Switches are softwares, that operate on Issuer/Acquirer/Processor premises.
Please tell more on thitd party processors connection to a Banking system
With respect to Cards, there are a lot of types of TPPs. This link from Visa gives an overview (not an exhaustive list) usa.visa.com/content/dam/VCOM/download/merchants/tpa-registration-program-faqs.pdf
Hi can I know what HSM stands for?
HSM stands for Hardware Security Module. These are physical appliances (devices), which perform cryptographic functions pertaining to payments, like key generation, validation, CVC/CVV generation/validation, PIN related activities etc.
Wish to learn more, where may we connect??
If you have any specific question, drop an email @ learn.payments.2020@gmail.com
Hi I am looking for a payment switch.
Can I call switch as a processor bro
Switch is a software. Processor (a.k.a Third Party Payments Processor. - TPPs) is a Institution which provides Issuing/Acquiring/Processing/VAS services to companies.
Great, you are doing well.
Thanks for adding these videos. Very Informative, Sir. Do you have any links or materials to know more about Terminal Security Architecture?
Thanks Mohit.
With regards to Terminal Security, I assume you are aware of the EMVCo Level 1, 2, PCI testing requirements, Application Testing. Apart from the terminal there are separate specifications for PIN Pad (PCI PTS requirements).
Some links that may help you are,
globalrisk.mastercard.com/wp-content/uploads/2020/09/Terminal-and-PIN-Entry-Security-Standards-FAQs-1-September-2020.pdf
www.tuvsud.com/en-us/services/product-certification/terminal-approvals
blog.payjunction.com/credit-card-terminal
Hi, very informative videos, will you please help me to get book or online material where I can understand all payment domain
I do not if there is one book, which covers "ALL" payments. But this is one good book www.amazon.in/Auth-Capture-Introduction-Payments-Ecosystem/dp/1639975136
@@LearnPayments thank you
Hi Satish: the audio of all your videos are too low can you please record a louder audio.
Thanks for the feedback Aakansha, in the newer videos, I’ve tried to improve the quality
What is auth code brother
Auth code is a alphanumeric code - 6 byte field generated the Issuer or the Scheme for every approved authorization.
When I am going to merchant shot and I was buy a product and my card is icici bank and merchant bank account is hdfc card so what is the relationship between me and merchant it means I am issuer of merchant or aquirer of merchant
can anyone please help me for the understanding of UFX?
really appreciate
good job
Hi.. sir
I watch this video. I need a brief knowledge about Switch like Architecture.
Hi Avadhut, Check if this helps www.contactlesspaymentcards.com/aci/
Transaction Junction has a switch call Imbeko