What does PGW mean in IT?

This page is about the meanings of the acronym/abbreviation/shorthand PGW in the Computing field in general and in the IT terminology in particular.

Payment Gateway

Computing » IT

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Submitted by Tancial on May 9, 2021

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Definition

What does PGW mean?

Payment gateway
A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payments processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. The payment gateway may be provided by a bank to its customers, but can be provided by a specialised financial service provider as a separate service, such as a payment service provider. A payment gateway facilitates a payment transaction by the transfer of information between a payment portal (such as a website, mobile phone or interactive voice response service) and the front end processor or acquiring bank.

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"PGW." Abbreviations.com. STANDS4 LLC, 2024. Web. 1 May 2024. <https://www.abbreviations.com/term/2498432>.

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