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Payment systems

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Payment systems implementation

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Payment Systems


Payment Systems

Payment systems are used to settle financial transactions electronically utilizing information technologies. Typical payment system implementation consist of the following steps:
  • Initial Project Planning
  • Business Requirements Identification
  • Security Requirements Identification
  • Legal Issues Specification
  • Interface and Integration issues
  • E-Commerce Components Selection
    • Merchant Account Selection
    • Shopping Cart System Selection
    • Payment Transaction Software Selection
    • Secure Connection Method Selection
    • Component Integration Requirements
  • Code Development
  • Systems Documentation
  • Testing
  • Training
  • System Installation

 
     
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