The term 'transaction processing' within an ecommerce environment, is the process of an online shop or ecommerce website accepting and processing a customer’s credit or debit card payment online and in real-time, in return for goods or services.
During the online transaction process, the Merchants payment systems will automatically connect to the customer’s Bank or Credit Card Company, carry out security, fraud and validity checks and subsequently authorise and take the payment.
When looking at potential companies who will look after your online transaction processing requirements, it is vitally important that their system infrastructure is robust, secure and reliable. You must give your customer a fast, seamless and secure checkout experience.
Find out more about Nochex transaction Processing.