/Payment_Gateway_SystemDesign

It is a High level Architecture design for the working of payments system in the real world .

Payment_Gateway_SystemDesign

The main agenda of this repository is to showcase the merchant payment system working arcitecture design with a systematic diagram .

Basic terminologies

Payment Gateway :

A service which allows us to make payments online while making purchase from e-commerce website. It supports paying through card , internet banking , e-wallet etc.

Payment Processor:

It is the main part of the payment gateway which starts the processing of the request by verifying the authorization passed by the issuer bank and saves the information in the database .

Payment service provider (PSP):

It is the service which makes such that money is transferred from buyers account to merchants account .

Issuer Bank:

This is the bank which buyer is related to .

Card Association :

This is the entity which links a card number to its relavent issuing bank like visa,mastercard etc .

Payment Card Industry Data Security Standards (PCIDSS):

It is a security standard , if a seller is complaiant with this standard then payment page can be generated on sellers page else they need to re-direct the request to payment gateways's payment page which is complaint with this standards.

Acquiring Bank:

Bank associated with seller's payment processor

ISO-8583:

EFT switch message format for card payment processing .