Forum di prova - The concept of digital payments was born out of convenience earasryhqaey - 14 Ott 2019 04:53:08 Oggetto: The concept of digital payments was born out of convenience
The concept of digital payments was born out of convenience and control for consumers. It is only natural for this concept to be consumer-centric as in all markets the consumer is king. Today we will take a closer look at the complex process of digital transactions in a card payment gateway that make life so easy for us. The gateway is a piece of technology through which several merchants and platforms are able to connect from the website to their customers鈥?mobile devices.
Verification
Once on the other side of the payment gateway
, vendors ensure the transaction and consumer behind the transaction is legitimate. Vendors verify details by matching shipping and card addresses, CVV code, blacklisting for credit card default, and IP address. These checkpoints are essential to protect merchants from unnecessary and avoidable costs.
Involvement of Banks
After all the verifications are made, payment requests are routed to the customer鈥檚 issuing bank and the merchant鈥檚 acquiring bank. Funds are exchanged between these two parties. The card payment gateway sends the initial transaction request to the merchant鈥檚 acquiring bank, in response to which this bank requests a payment from the customer鈥檚 bank via the payment gateway. When communicating with the customer鈥檚 bank
, payment gateways run a series of fraud prevention measures. The message of a declined transaction is relayed by the gateway to the customer through the merchant and all in a matter of microseconds.
Settlements
If things have flowed smoothly till this point, the merchant sends a 鈥榮ettlement request鈥?which is a way of confirming their action of charging the customer鈥檚 issuing card.
Bill Splitting
Some payment gateways even have an option to divide funds between sellers and facilitating platforms and maintain individual ledgers to do so.
All digital payments through payment gateways follow this cycle. A card payment gateway that stands apart is one that is reliable, secure, scalable, and offer tech-support. Easebuzz is one such platform that enables quick and easy payments end-to-end for upcoming businesses across India.
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Today I heard the saying ?Trying is lying!?
It made me reflect back to earlier this year when I was lying in my hospital bed with two broken legs, a broken hip and a broken pelvis
, injuries I had sustained in a motorcycle accident. After the surgeons had put my body back together, I was moved to a rehabilitation hospital, where I spent the next 4 ? months learning how to walk again. This was an amazing facility designed to assist patients (many worse off than me), in adjusting to their new limitations. The goal was to assist us in finding strategies that were designed to help us continue to live a life worth living, despite these challenges.
Since I had sustained extensive orthopedic injuries, I required intensive physiotherapy.
Each morning
, patients were expected to get dressed and wear their street clothes to physiotherapy, even though most of them would spend the remainder of their day in bed. It was part of the psychology to help us realize that we were not 'sick:? but learning how to function again and look after ourselves.
The first time I went to physio, my physiotherapist Derek, asked me to move my leg. Now if you know me, (or are coached by me) you will know that a common theme I espouse is that of ?I can't}?. ?I can't? and its cousin ?I give up!? are two phrases that are not allowed in my vocabulary, and if I have any influence over you
, it's not allowed in yours? either'smile!.
I looked down at my leg and counted myself lucky as I looked around the room at the other patients. They all seemed to be using a mixture of medieval looking contraptions that contorted their bodies in a way that I was sure was designed to increase pain and agony. I just had to move my leg.
I told my leg to move in the direction that Derek had just asked but it stayed put. ?Wait a minute?, I said to myself and I tried again, but it just wouldn't move. I tried concentrating harder, and even spoke the words aloud, but it still wouldn't change position. Frustrated now, I glared at this appendage that was betraying me
, and found myself alternating between cajoling and cussing- all internal conversations of course. No amount of asking was making my leg budge! Derek my physiotherapist came by and with his hands on his hips and a smirk on his face said ?come on Frankie, MOVE IT!? ?You can do it!? Visibly upset now with tears of anger and discouragement streaming down my face, I cried out, ?I'm trying?, CAN?T YOU SEE THAT? ?Well actually no, I can't? he said gently
, ?because I don't see your leg moving.?
It was then that I had an epiphany, Trying is not good enough. Trying is actually NOT Doing! It is still ?I can't? or ?I won't?. Another realization came to me as well, and that was I had a commitment, but it wasn't to what I thought.
I was committed to NOT moving my leg. For whatever reason, perhaps it was fear of pain, or maybe of finding out that I may never be able to move it
, I just didn't want to do it. I am sure the ?why? of it matter doesn't matter as much as asking the Powerful Question, ?So what are you going to do about it??
When I came to terms with that revelation, I knew I had a decision to make right then and there. Either I could continue to pretend to 'try? and not move my leg, or I could be a Doer.
We have already established that I am not a quitter, I don't believe in I can't and I knew I hadn't survived the night of my accident to fail in my recovery, so there was only one option left
, and that was to DO!! But what about that commitment, what was I to do with that?
That commitment was NOT serving me. I knew that, because I WANTED to walk again and making my leg to move, was the first step to that goal. So .
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