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Writes on payment systems and POS operations.
22 articles
Payment Systems
Before describing the Onus Installment process, it is better to first answer: what is an Onus transaction? An Onus transaction is when the acquirer and issuer are the same institution, so the transaction is processed through that institution.
Payment Systems
Foreign Currency POS is the POS software that lets merchants process transactions in a foreign currency. Terminals without it can only collect payments in Turkish lira. It comes in two common forms: Multicurrency POS and DCC POS (Dynamic Currency Conversion).
Payment Systems
Online PIN is verified by the card-issuing institution through the message itself, while Offline PIN is verified on the chip. This article explains the difference and when PIN bypass is allowed.
Payment Systems
“What do contracts have to do with us? Let the legal department handle them,” you might say. But legal teams can't know every specialty, so business teams are expected to help with the clauses that affect their decisions.
Payment Systems
Why do institutions track inefficient POS terminals and lines? This post looks at the costs they create, such as device purchases, field service and software fees, and how to deal with merchants that generate little turnover.
Payment Systems
Message 200 is generated for transactions initiated from POS applications, and the acquiring bank responds with message 210. Learn how 100/110 messages route approvals via the issuing bank, and common rejection reasons.
Payment Systems
In POS applications and on the merchant side, we use the term Batch in a similar way to end of day. Every transaction made via POS is held under a batch number reported to the HOST at end of day.
Payment Systems
Soft POS is a POS application that lets merchants accept payments from contactless cards or mobile wallets on Android devices, without needing a physical terminal. Companies market it under various names such as pocket POS or mobile POS.
Payment Systems
According to the Banks Association of Turkey, collusive transactions that misuse POS devices, debit cards, or credit cards for purposes other than their intended use are called fictitious transactions - in short, transactions used outside their intended purpose.
Payment Systems
Yes, you can restrict it by defining an upper limit at the terminal or merchant level. Institutions generally don't want to lose turnover, but caps may be applied for suspicious merchants or when agreed pricing falls below cost.
Payment Systems
The virtual POS merchant panel is where merchants manage documents, reports, notifications, transaction tracking, end-of-day, transactions and user permissions for their virtual POS.
Payment Systems
The configuration area in POS applications holds terminal number, merchant number, IP, port, APN and phone number information needed for POS setup, and can be managed manually or centrally.