Secure Online payment System

Author: Nika Garuchava
Keywords: payments. online systems, e-commerce
Annotation:

Online payment system is allowing customers to make payment with online merchant or service provider. Payment gateway is a bridge between costumer and payment processor, which uses a variety of safety mechanisms to safely store costumer’s payment information (credit or debit card details) while processing online payment. Most of the times gateway’s safety system might not be enough as merchant can get access to card details in some form. In addition, some merchants do not even offer safe payment conditions to the costumers. Consequently, this threatens the protection of card details, and risks it to be misused by merchant himself or stolen by hackers. The thesis provides with the new approach of how can payment systems work without being accessed by merchants. Costumers will send their information directly to the payment getaway, which after verifying transaction sends a payment to the merchant. Using Payment Card Industry Data Security Standard (PCI-DSS) we can protect a costumer’s card information from internet vulnerabilities.

Lecture files:

დაცული ონლაინ გადახდების სისტემები [ka]