May 29, 2022
Transaction Safety Policy & Procedure
The major policies regarding transaction safety implemented by Gateway Payment Services Pvt. Ltd. :
PaymentNepal Gateway provided by GPS is equipped with PCI-DSS which indicates the security standard maintained by Payment Card Industries.
For PCI-DSS Certified merchants, card details can be saved for future transactions by the merchant. In this case, only OTP is verified from the customer end.
After that OTP is sent to the phone number/ email registered for each transaction. Then customer uses such OTP as required by the e-commerce site. After confirmation of OTP in the e-commerce site, the transaction is completed from part of the customer.
The transaction details are sent to the Card issuing Bank for authorization of transactions through NIC ASIA.
The transaction authorization response is sent from the card issuing Bank to the Payment Gateway System.
Payment Gateway System provides the authorization response in real-time back to the Merchant and Consumer. After the Transaction is successfully authorized, the Merchant shall release the product or service to the customer.
If the transaction is approved, the transaction information is transmitted through the Payment Gateway System, acquiring Bank, issuing Bank, and back to Payment Nepal Payment Gateway.
Payment Gateway System provides reporting of the daily transaction. Finally, the fund will be transferred to the concerned Merchant through our Settlement Bank NIC ASIA in t+1 days.
This process assures the transaction safety policy for PaymentNepal.