1. Secure Internet Payment Processing C. Edward Chow Page 1

2. Goals of Internet Payment • Secure • Reliable, 24x7 • Low-cost – flat monthly fee, low per transaction fee. • Low minimum amount • Accept various forms of payment: credit card, debit card, ACH? and electronic checks. • Scalable • Fast C. Edward Chow Page 2

3. Setting up Internet Merchant Account • Identify the acquirer (bank) that support Internet Merchant Accounts. Consider application fees and per transaction fees. For a list of banks, • http://www.verisign.com/payment/getmerchant2.html • Consider existing banks. • Complete the acquirer’s applications. Take some time. C. Edward Chow Page 3

4. Set up Payment Process Services • The Internet Payment will go through the payment processing centers such as: • First Data Merchant Services • Paymentech • Nova • Vital • EDS • Norwest • Telecheck • Your acquirer (bank) need to be able to connect and work with one of these payment processing centers. C. Edward Chow Page 4

5. Building Online-Store • There are a few options: • Let Web development contract firm build, integrate, and/or host e-commerce application • Choose shopping cart or e-commerce platform that incorporate payment services. • Building payment solution into your own e-commerce application C. Edward Chow Page 5

6. Related Info • http://www.verisign.com/payment C. Edward Chow Page 6