Intenet banking

[zuhrs]

In my website(project of online ticket booking) i need to do online transaction(internet banking).
Can any one say how can i get the banking gateways and how to proceed.

Please give some links where I can go through and understand about internet banking

[toraj58]

i got this information from Wrox Book (Beginning ASP.NET 2.0 with C#):

Credit Card Handling

Credit card retailers first starting out need a merchant ID, usually supplied via their bank, which gives some sort of guarantee that the business is genuine. Most Internet businesses require the same thing. In the U.S., there are two ways to do this. The first is to provide all the processing and handling of credit cards yourself, and the second is to get someone else to do it on your behalf.

In-House Credit Card Transactions

Setting up credit card processing in-house is the ideal way to keep an eye on all your transactions, but it can be quite a slow and unwieldy process. You require an e-commerce ID (also known as a merchant number or as an Internet Merchant Account [IMA] in the UK) from a third party who can actually pro- cess the credit card details for you, meaning the third party can decide whether or not a particular credit card number is genuine. You will have to apply for an account with the third party and provide a lot of details that help establish your authenticity.

Obtaining an E-Commerce ID, Merchant Number, or IMA

In the U.S., you can go to one of the following web sites:
❑ Verisign/CyberCash: www.icverify.com
❑ First Data/Card Service: www.cardservice.com

In the UK, you can go to one of these web sites:
❑ WorldPay: www.worldpay.co.uk
❑ DataCash: www.datacash.com

For worldwide transaction processing, you can try PayPal (www.paypal.com), which accepts credit cards once you have set up a business account with them.

Payment Gateways

After you have your e-commerce ID, merchant number, or IMA, you still need another link in the chain, a way of communicating from a payment gateway to a bank. You should be able to use the same com-pany you obtained an e-commerce ID from to do this. You supply the e-commerce ID to the bank, and they use it to track the money’s movements to the gateway service and back again. These services usu-ally come at a hefty price. If all this sounds too complex, you might want to consider the alternative.

Bureau Services

Because this is a beginner’s book, it’s probably safe to assume that the first site you start developing won’t be a major store. More likely you’ll be working on a small store (maybe your own) that perhaps won’t really want to cover the risks and costs associated with having a system handling credit cards itself. In the early days of e-commerce on the web, there were a series of high-profile hacks. One notorious one was where all customers of a high-profile music store had their credit card details stolen when the database containing them was compromised. Rather than having to worry about all the risks from encrypting card details to storing them in a way to ensure their complete safety, it’s easier to get someone else to do this for you. These are termed bureau services. When you get to the part of a site where you
check out, instead of handling the details, you link to the bureau service’s site, and they handle the whole process for you from then on.
Until relatively recently, bureau services were expensive propositions that required quite a large financial commitment on the part of the seller. Several years ago, I costed a small record label’s ability to do this, and the cheapest I could find to provide an online store would have meant they would have to hav sold several hundred CDs a month to cover the gateway fees alone. The rise of **** has led to a massive rise in demand of people who want to handle their own sales instantly, so rather than having to wait for checks (which carry risk of both fraud and bouncing if the funds aren’t present), or doing money transfers via banks or a third party such as Western Union, they want to be able to handle credit card transactions. In addition to that, they might only ever want to handle as little as 10 or 20 sales.
Two popular solutions supply this service, and can actually supply common components such as a shopping cart for you:

❑ PayPal: www.paypal.com
❑ BTClick&Buy: www.btclickandbuy.com

Other sites exist too. There are digital credit card services that specialize in micropayments when paying for small items such as single mp3s. It all depends on what you want to sell and how much you want to sell it for. If these two sites don’t provide a solution that suits you, then look around for something more suited to your needs. If you want further details about how to handle credit card transactions, we suggest you read the details given on the sites mentioned in these sections.

Summarizing the Transaction

Typically, after you’ve completed your transaction, it would be good to receive a notification or receipt
of what you’ve ordered. This is actually a relatively simple step of the process, but to e-mail somebody
requires a working SMTP server, so for that reason alone, you aren’t going to implement this step.

[zuhrs]

Thanks for the reply.

I want to implement online bus ticketing for a travel agent in India which needs to accept credit/debit cards.
So i think Paypal is better to suit for it.

[toraj58]

yes i think so; but before applying it investigate more to be sure;
i have heard good things about Paypal.

some issues you may concer about it and can ask paypal is:

1- how paypal charge you (what is its method)
2- how it can be integrated with your application (how much it is easy or difficult)
3- how is the security of paypal (is it safe enough against hackers)
4- how good is the support of paypal in india
5- howmany people in india have paypal and use it (maybe they use another credit card more and you can investigate about it too)

in USA most of the people use VISA, Master CARD and American Express.