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Research Paper | Information Technology | United States of America | Volume 10 Issue 11, November 2021 | Popularity: 5.6 / 10

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From Concept to Production: Crafting Payment Solutions with Java and Spring Boot

Pavan Kumar Joshi

Abstract: The payment industry has undergone successful innovation in the last decade due to technological change and other drivers that require efficiency in payment systems. Some of the most effective tools currently being used to create such systems include Java and Spring Boot, which are powerful frameworks allowing developers to create superb payment solutions that can undergo intense stress without compromising on flexibility. This work introduces some aspects of the complete lifecycle of payment systems developed with Java and Spring Boot, including the considerations from the conceptual environment to large - scale production, including issues of scalability, security, transactional processes, and interfaces with third parties. Payment systems in the twenty - first century are conducted at a very large scale and thus require the highest optimization and Java because of its feature of platform independence and Spring Boot because of its features of building microservices are best suited for building these systems. Some fundamental design issues deliberated comprise database control, how transactions are dealt with at the same time, protection of the payment modes, and sanction of financial laws. Since Java has various libraries and Spring Boot has numerous built - in facilities, developers can save much time and release solutions into markets securely. However, it should be noted that core concerns include the problem of transactional integrity and protection against different types of threats, including fraud or access of unauthorized users. This paper outlines key problems and provides a detailed step - by - step guide to the methodology for constructing payment systems, from requirement analysis to testing and implementation. Using examples of real companies, we show how the described technologies are used in practice and in which industries ? e - commerce, digital wallets, and subscription services. At last, the paper considers further developments of the topic: the application of AI to improve fraud prevention and blockchain to increase transparency of payments; and the constant advancements in microservices. The conclusion highlights the idea that the payment system is a continuous process through the help of tools Java and Spring Boot, as these tools would remain important in dealing with new challenges that crop up in the industry.

Keywords: Java, Spring Boot, Payment Solutions, Microservices, Transaction Management, Scalability

Edition: Volume 10 Issue 11, November 2021

Pages: 1590 - 1596

DOI: https://www.doi.org/10.21275/SR211101102708

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