Credit Card
What Is a Card Expiration Date?
What is a card expiration date? Learn why banks print this date on every card, how it's used in purchases, and what happens once it passes.
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"digitization"
223 articles found
Entrepreneurship
What is Neuromarketing?
Neuromarketing is a technique for developing a marketing strategy from the results of closely examining purchasing perception in the human brain, aiming to understand consumer behavior and the psychology behind it.
Credit Card
Can a card be made from wood?
While the use of physical cards and POS terminals is gradually declining, positive developments continue, such as the world's first wooden card, TreeCard, backed by the search engine Ecosia and aimed at reforesting the world.
Merchant & POS
What is a System Trace Audit Number (STAN)?
The System Trace Audit Number (STAN) is a number assigned by the third-party system (ATM or POS) to help uniquely identify a transaction. It is generated in the range 000001 to 999999. Each new authorization message needs a new STAN; retries reuse the original STAN.
Merchant & POS
BKM Releases Data for the First 6 Months of 2020
BKM publishes card usage data every three months. In the first half of 2020, card payments reached TL 500 billion, contactless payments tripled, and online card payments surged in the electronics and clothing sectors.
Payment Institutions & E-Money
Are Virtual Currency and Electronic Money the Same?
No. Virtual currency is a digital representation of value not issued by any central bank, credit institution or e-money institution. Electronic money is defined in Turkish law and is tied to an electronic money institution.
Security
What Is 3D Secure 2.0?
Before 3D Secure 2.0, let's explain what 3D Secure is. 3D Secure is a two-layer payment authentication system that protects both the cardholder and the merchant in online payments. First released by Visa in 1999, it was later adopted by other card schemes…
Payment Systems
What Is IoT (Internet of Things)?
The Internet of Things (IoT) is a concept first used by Kevin Ashton in a 1991 presentation. It refers to many electrical devices, such as watches, fridges and washing machines, communicating with each other.
Merchant & POS
What Are the Advantages of Paying with an Online Payment Link?
Advances in payment systems make shopping safer and easier for customers. For e-commerce sites and brands, offering reliable, practical and fast payment options is a serious advantage. An online payment link is one innovative way to accept payments without a POS device.
E-commerce
What Is BOPIS?
BOPIS, short for 'Buy online pickup in-store' and also known as click and collect, means buying online and picking up the order at a store. Learn how it works, who can offer it and which companies in Turkey already do.
Payment Institutions & E-Money
What is a Third Party Provider (TPP)?
The term 'Third Party Provider' refers to an authorized online service provider introduced under Open Banking. These are systems outside a customer's relationship with their bank that mediate the transaction. So how many types of third party provider are there? Two.
Credit Card
Did We #StayHome? (Based on BKM March 2020 Data)
The coronavirus has turned the past month into a new way of life. How will these changes affect payment systems? This post reviews the March 2020 data announced by BKM, including the surge in contactless and online card payments.