Merchant & POS
What does Not Onus mean?
Not Onus is a payment systems term meaning "Not On Us": a situation where the card-issuing bank and the POS/ATM (acquiring) bank differ. Such transactions are settled through clearing between the two banks.
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"merchant POS"
176 articles found
Payment Institutions & E-Money
What are the advantages of working with a payment institution?
Online shopping keeps growing, and e-commerce sites must choose between working with a bank or a payment institution. This article explains why a single application and integration with a payment institution can be the better route.
Merchant & POS
Can Contactless Limits Be Managed Only From the Terminal Data?
No. Besides the terminal data, contactless limits can also be managed from the chip data. A “Use Merchant Contactless Limits” field decides which set of limits the POS applies.
Merchant & POS
What is Batch Upload?
When a transaction is made through a POS, it is recorded both on the POS itself and in the acquiring bank's authorization system. At batch close, the POS sends all its transactions to the bank, which reconciles them against its own records.
Merchant & POS
What is an E-commerce Transaction?
E-Commerce can briefly be described as the sale and purchase of products over the internet, a term used since 1969. Virtual POS operates behind e-commerce transactions, which take place at different levels: Non 3D, Half 3D, and Full 3D Secure.
Clearing
What is Chip Condition Code?
Chip Condition Code is a code carried in the F60 (Additional Data) DE14 field during clearing that shows the chip read status. The possible values and their descriptions are listed below.
Payment Systems
What are the key points in an Onus Installment project?
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.
Merchant & POS
What's the Difference Between a Reversal and a Cancellation (Void)?
What's the difference between a reversal and a cancellation (void)? Both zero out a transaction's financial effect, but they're triggered in very different ways.
Chargeback
What Are the Domestic Exceptions to Chargeback Rules?
A chargeback is the refund of an amount paid by credit card to the cardholder's card when the purchased goods or services were not received, or when a transaction was not actually carried out by the cardholder.
Online & Authorization
What are Commercial Off-the-Shelf Devices (COTS)?
Commercial off-the-shelf (COTS) products and services are ready-made, packaged solutions adapted to a purchasing organization's needs, rather than custom-built ones. In payment systems, COTS includes ready-made payment apps for phones and Android POS devices.
Payment Systems
Visa and Mastercard Branded Cards Will No Longer Work in Russia
After Russia invaded Ukraine, Visa and Mastercard suspended services for sanctioned Russian banks. This post explains the impact on cardholders and merchants, and Russia's MIR and UnionPay alternatives.
Payment Systems
What are the 3D Secure Payment Models?
In card payment transactions made via a physical POS device, entering the card's PIN keeps the transaction secure, while in virtual POS transactions, security is provided through the 3D Secure flow. Are 3D Secure payment methods standardized? There are 3 different 3D Secure models.