Secure payment

Abstract

Secure payment is an essential element of digital commerce in a world where cash is becoming redundant, credit cards are becoming less and less critical, and mobile devices are becoming means of payment. Therefore, it must be considered through the lens of various payment methods: Credit cards have been around since the 1950s, but the introduction of chip technology and contactless payment raises new challenges for the security of payments. Commercial payment service providers, such as credit card issuers or infrastructure operators, typically implement secure payment. Additionally, there are open-source payment gateways that facilitate the transfer of payment information. The providers of these open-source solutions claim that their products facilitate integration with existing systems on the client side and provide better customization due to their modularity and adaptability.