Credit Card
What Is a Wallet?
The term 'wallet' has many definitions in payments and fintech. In general, it refers to digital wallets (e-wallets) used in e-commerce, popular because they let users securely store payment information and pay easily.
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"Card Numbering"
296 articles found
Courier & Delivery
What is the Barcode Generation Algorithm?
Barcode numbers are essential for the Courier system, since cards are distributed using the barcode number. So does the barcode number have a generation algorithm, or is it just randomly generated? The barcode number does have a generation algorithm.
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.
Merchant & POS
Is It Possible to Initiate an EMV Transaction Directly with Credit Card Track Data (Magnetic Stripe Data)?
It is not possible to initiate an EMV transaction directly with credit card Track Data (magnetic stripe data), because EMV transactions use a different technology and security mechanism. Why can't an EMV transaction be initiated with Track Data?
Fraud
What Biases and Human Behaviors Trigger Fraud?
Sometimes committing fraud by exploiting system vulnerabilities is harder than exploiting human weaknesses. Fraud that exploits such human weaknesses is called social engineering.
Credit Card
What Is the PIN Try Count?
The PIN Try Count is the maximum number of failed offline PIN verifications that can be made with the card. Banks usually keep both the consecutive wrong PIN count and the maximum wrong PIN count.
Credit Card
What Is a Card's First Transaction Date? What Is It Used For?
Banks generally keep a record in the system of a card's "First Transaction Date." This information is automatically populated by the online authorization system. So under what circumstances is it updated? First, an authorization transaction must…
Credit Card
What Products and Services Does KKB Offer Directly to Members?
KKB was established, under banking law, to enable the exchange of all kinds of information and documents among at least five banks, and it also shares credit information about customers. The Credit Bureau of Turkey also serves deposit banks, participation banks, financial institutions, and more.
Credit Card
How Should the Relationship Between Credit Card Count and POS Be Interpreted for Banks?
Credit cards and POS are two core products banks offer customers. At first glance, credit cards seem to generate no return beyond interchange fees, card fees, and late fees.
Credit Card
What is PCI DSS (Payment Card Industry Data Security Standard)?
The Payment Card Industry Data Security Standard (PCI DSS) is a technical and operational standard created by the PCI Committee, formed by internationally recognized payment brands, to ensure data security in card payment systems.
Credit Card
Vertical Revolution in Credit Cards
The payment card industry is arguably the sector most affected by technology and the quickest to adapt new developments. With mobile devices, payment systems have changed a lot - we now prefer using our credit cards virtually rather than physically.
Payment Systems
What Are the Discover Chargeback Reason Codes?
Chargeback reason codes differ by card scheme. Here is the list of Discover chargeback reason codes and their descriptions, along with how merchants can use them.