Network Solutions Sets Up Gateway For Hdfc Bank

Network Solutions has implemented a secure online Internet payment gateway for HDFC Bank. The solution is based on Netlife's Payment Gateway suite.

Network Solutions tied up with Netlife last year to design and implement Internet payment solutions.

The gateway enables HDFC Bank to act as an e-payment-acquiring bank for merchants. While Network Solutions implemented the secure payment gateway, Pune-based Opus software helped integrate the gateway with the bank's back office systems.

A payment gateway ensures that a purchase transaction is carried securely over the Internet up to the bank's back-office systems. This is accomplished with the use of digital certificates on the online store, the cardholders electronic wallet and the payment gateway. The transaction delivered to the bank is usually forwarded for online authorisation to agencies like Visa and Mastercard, similar to the way electronic data capture terminals get online authorisation for credit card purchases.

 

The acceptance or failure of the transaction is conveyed online to the customer and the online store.

HDFC Bank has implemented its payment gateway solutions on the easy2shoppe.com shopping portal. The bank has tied up with fifteen other portals, including satyamonline, indiainfo, Fabmart, mantra, cyberITmall, cricketnext, indiacar and VSNL, and is in talks with 20 more to offer similar payment systems.

HDFC Bank receives a service charge for each transaction conducted through the gateway. The bank is planning to break even on the payment gateway project within a year.

Network Solutions provides services in networking, e-business, web-based software solutions, voice and data convergence solutions and consultancy services.