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Payments as a service (PaaS) is a marketing phrase used to describe software as a service to connect a group of international payment systems. The architecture is represented by a layer – or overlay – that resides on top of these disparate systems and provides for two-way communications between the payment system and the PaaS.
According to The NIST Definition of Cloud Computing, [3] there are three service models associated with cloud computing: infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). The concept of ITaaS as an operating model is not limited to or dependent on cloud computing.
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Platform as a service (PaaS) or application platform as a service (aPaaS) or platform-based service is a cloud computing service model where users provision, instantiate, run and manage a modular bundle of a computing platform and applications, without the complexity of building and maintaining the infrastructure associated with developing and launching application(s), and to allow developers ...
The NIST's definition of cloud computing defines Software as a Service as: [2] The capability provided to the consumer is to use the provider's applications running on a cloud infrastructure. The applications are accessible from various client devices through either a thin client interface, such as a web browser (e.g., web-based email), or a ...
Software as a service (SaaS / s æ s / [1]) is a cloud computing service model where the provider offers use of application software to a client and manages all needed physical and software resources. [2] Unlike other software delivery models, it separates "the possession and ownership of software from its use". [3]
IaaS services are typically billed as a utility: cost reflects the amount of resources allocated or consumed. Typically, IaaS involves the use of a cloud orchestration technology such as OpenStack, Apache CloudStack, or OpenNebula. It manages the creation of a virtual machine (VM) and decides on the hypervisor (i.e. physical host) in order to ...
Payments as a service (PaaS) is a marketing phrase used to describe software as a service to connect a group of international payment systems.The architecture is represented by a layer – or overlay – that resides on top of these disparate systems and provides for two-way communications between the payment system and the PaaS.