payment URL

A URL used by a payment switch (which see) that specifies a merchant, the name of merchant's payment switch, the URL of the product being bought if it is a product which can be delivered online, the price, the expiration date of the price/offer, and the digital signature of the payment URL derived from the merchant's private key. The switch combines the payment URL with the encrypted buyer identification and password or passwords. After authentication of the buyer and the merchant, the switch authorizes payment by the buyer designated financial institution.

<< Back   |   Dictionary Home

Maximizing Business Potential

McAfee Secure sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams
Cancel ×