Trading and shopping on the Internet has become a way of life for many people nowadays. Internet provides business the opportunity to expand its market and reach the targeted audiences wherever they are. E-commerce has made the world a global market, and it can change the path of your business. With E-commerce you can increase your sales opportunities through 24 / 7 selling.
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We are able to develop e-commerce websites that include a full featured shopping cart, products’ database, product information and search, order processing, and payment systems.
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Payment gateways are service providers to processing electronic transactions. Payment gateways provide tools to process payments between three main entities. First are the customers who serf the web looking for services or products and have a mean of electronic payment. Second are online businesses providers who supply online services and products. Finally are banks and credit/debit card provides. The payment gateway simply handles the businesses providers request to draw money from customer payment card from his bank account in return to a product or service.
The customer makes a purchase via an e-commerce enabled website. The e-commerce websites are equipped with Secure Socket Layer (SSL) encryption to allow the customer internet browser to uses a secure the information being sent. The business website takes the details and forwards them to the payment gateway. Then the payment gateway takes the information and sends the details to the bank used. The bank sends the request to the card association such as American Express, Discover, MasterCard or Visa. In the case of Visa or MasterCard, the card association forwards the information to the bank that issued the card which is the customer’s bank. Then customer’s bank assesses whether or not there are sufficient funds to cover the transaction then it sends back an authorization code. This code will tell the payment processor card association whether or not to allow the transaction to go through. The payment processor then sends the authorization code to the payment gateway. Finally the payment gateway then sends the code on to the business.
PayPal is considered as one of the most famous, fast, safer payment gateways. You can us PayPal to pay for online ecommerce services and products and get paid. The service allows members to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. PayPal claims to have more than 78 million active accounts in 190 markets and 19 currencies around the world. More information about the PayPal can be found at www.paypal.com
2Checkout was established in 2000 and headquartered in Columbus, Ohio. 2CO provides fully comprehensive e-commerce solutions to thousands of business customers globally. 2CO’s provide a lot of support functions including financial reporting, tracking, fraud prevention, affiliate tracking, customer service and sales tracking. 2CO claims that it has serviced over 2.6 million buyers in 2008 with a total of $213 million USD in sales.
Moneybookers is an effective, secure and cost-effective payment gateway. Moneybookers is consideres as a leading international online payment system and electronic money issuer authorised under UK and EU law and regulated by the Financial Services Authority (FSA) in the UK.
Arab African International bank was incorporated in 1964 as the first Arab multinational bank in Egypt. Arab African International Bank was established by a Special Law as a joint venture between the Central Bank of Egypt and Kuwait Investment Authority. Since its inception, AAIB has been known as one of the most distinguished commercial and investment banks in the region. AAIB is the pioneer service provider for international foreign exchange dealing room, issuer of Visa/MasterCard/JCB, and was also the first to introduce Credit Cards in the 1980s and Smart Cards in 2003.
Banquet Misr was established since 1920 by the great Egyptian economist Mohamed Talaat Pasha Harb. Banque Misr introduced the first Smart Card in Egypt and the Middle East through issuing the Smart Visa Gold and Smart Visa Saving. They issue Smart Visa Gold, Visa Classic Card, Visa Moga Card, MasterCard Classic, MasterCard Gold, MasterCard, and Business MasterCard Internet Card.