Credit Card
What is a Dynamic Card Security Code (CSC)?
It is a CVV2/CVC2 code that changes every few minutes instead of the static code printed on the back of a credit card, aimed at reducing fraud risk in CNP (Card Not Present) transactions.
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"Data Security"
157 articles found
FAST
FAST Request to Pay Overlay Service now available to corporate users
Request to Pay lets users request payment from people who owe them money through a banking application. The CBRT has expanded the FAST Request to Pay Overlay Service so that corporate users can also use it.
HSM & Security
What is White Box Cryptography (WBC)?
White Box Cryptography (WBC) is an important technology used to minimize security risks for open devices such as smartphones. It is a new technique against attacks targeting white-box attack environments.
Security
What is Software-based PIN Entry on COTS (SPoC)?
Published by the PCI SSC, Software-based PIN Entry on COTS (SPoC) is a standard that provides a software-based approach for protecting PIN entry on commercial off-the-shelf devices such as smartphones and tablets.
EMV
What is a Bank Identifier Code (BIC)?
BIC stands for Bank Identifier Code. It is the universal bank identification code used for automated processing in banking and related financial environments, identifying banks as specified by the ISO 9362 standard.
Security
What is Check Out?
In online shopping, converting product browsing into a completed sale after a customer visits your site is just as critical. The amount of purchases abandoned due to friction in the online buying process often exceeds successful sales.
Payment Systems
What Is ISO/IEC 18092/ECMA-340?
NFC is a data transfer technology developed by Sony and Philips in late 2002 and adopted as an ISO/IEC standard in 2003. ISO/IEC 18092/ECMA-340 (NFCIP-1) is one of the two globally accepted NFC standards.
Merchant & POS
What is PSD (Payment Services Directive)?
PSD stands for Payment Services Directive, known as the Payment Services Law. It took effect in EU countries in 2009, and in 2015 new revisions were announced as PSD1, aiming to build an efficient, fast, secure, and competitive payment market.
Laws & Regulations
What is the Mobile Payments TR QR Code Technical Principles and Rules Guide?
The Regulation on Generating and Using TR QR Code in Payment Services and its attached TR QR Code Principles and Rules document were published in the Official Gazette No. 31220 dated August 21, 2020, to ensure interoperability in QR code payments.
Online & Authorization
Error Codes Used in Authorization Transactions and Their Explanations
A reference guide to authorization response codes seen on POS and ATM transactions, with plain-language explanations of what each code means and what to do about it.
Payment Systems
Domestic Flow Change Made for Below-CVM-Limit Online Contactless Transactions
The domestic authorization flow for below-CVM-limit online contactless transactions has changed. Issuers can now ask the cardholder for a PIN or request card insertion instead of simply approving or declining. This post explains the CVM list and the new DE48 PDS22 and DE39 = 65 message flows.
Security
What is SCRW (Smart Card Reader Writer)?
SCRW (Smart Card Reader Writer) can be translated as Smart Card Reader/Writer. Smart chip card readers are sophisticated devices with built-in intelligence, usable in PCs, laptops, servers, smartphones, and set-top boxes.