This document provides an overview of e-commerce and electronic payment processing. It discusses key concepts like credit card transaction authorization and settlement between merchants, payment processors, and card issuers. It also outlines Penn State's e-commerce services, which allow online payments for goods and services through a centralized payment processing system managed by the university's administrative IT department.
7. e-Commerce 101: Course Objective We will provide an overview of electronic credit card payment processing concepts, architecture, experiences, partners, internal resources, and the eCommerce services we provide.
59. e-Commerce Payment Architecture “ Checkout” <Web App> Student Shopper ePay API “ Process Order” Gateway PSU PAY MGR Cassette Bank Processor – A Cassette ACH Cassette Bank Processor – B Web Services Business/Student Info Systems