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Payment Institutions & E-Money
According to ÖDED, its members are institutions that have applied for or received a license as a payment institution and/or electronic money institution under Law No. 6493. The member list by field of activity is on its website.
Payment Institutions & E-Money
In general, electronic money is monetary value stored on a protected technological device. Turkish law defines it under Law No. 6493 as electronically stored value issued against funds and accepted by third parties as a means of payment.
Credit Card
CVV is short for Card Verification Value, a term used by Visa. CVC is short for Card Verification Code, a term used by MasterCard. The CVV/CVC code is used for cardholder verification and to reduce fraud risk.
Merchant & POS
Pin Entry Device is another name for the PIN pad device we all know and use daily. It makes it easier for users to enter their card PIN during POS transactions with credit or debit cards, and is used for contactless card reading...
Laws & Regulations
The Visa Core Rules and Visa Product and Service Rules documents define the fundamental rules that apply to all institutions in the Visa network. They are updated regularly, and all members are expected to follow the latest version.
Security
PAM (Personal Assurance Message) is a message that users set up for 3D Secure transactions. It appears on the password screen during checkout and confirms to the user that the screen truly comes from their own bank.
Debit Card
The main difference between embossed debit cards and standard debit cards is that the card number, cardholder name, and expiration date are printed in raised, embossed format rather than flat.
Online & Authorization
The payment page is one of the most important steps in whether customers complete a purchase. Asking for the cardholder's name is common practice, but it is not required to charge the card.
Payment Systems
PA DSS (Payment Application Data Security Standard) is a global security standard created by the PCI SSC. Even if you do not need to comply with it, PA DSS remains a valuable guide for auditing and building secure payment applications.
Credit Card
The Effective Date is the information showing the date until which a card can be actively used. It can also be called the expiration date. It is a mandatory field printed on the card and used in transactions, set by banks for card security.
Chargeback
A soft chargeback, also called a retrieval request, is a request for documents about a transaction the cardholder does not recognize. Learn why customers request them, what information merchants should provide, and why a fast response matters.
ATM
Chip-based ID cards have made our identities more secure, so they can now be used in many critical transactions. Could they also be used in the world of payments, such as at ATMs?