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Payment Systems
TCR stands for Transaction Record Component, the packets that carry transaction information in a clearing system. Transaction types in a clearing file are distinguished by transaction code and usage code values, and this data is sent inside TCR packets.
Security
The Visa PIN Security Program Guide describes the security and procedural requirements for acquirers and their agents that process PIN data or manage keys for PINs associated with Visa transactions.
Security
Access Security Control (ACS) is the security protocol that the card-issuing bank must maintain under the 3-D Secure protocol to support cardholder authentication. 3-D Secure is an XML-based protocol that adds an extra security layer to online card payments.
Merchant & POS
QR Code is a two-dimensional barcode system developed by Denso Wave, a Toyota subsidiary operating in Japan. Its name comes from the initials of Quick Response. Its content can be any data, including text, a website address, or a video link.
Laws & Regulations
The purpose of this Law is to protect competition by preventing agreements, decisions and practices that restrict competition in goods and services markets, and the abuse of dominance by dominant undertakings.
Payment Institutions & E-Money
A platform lets about 5,000 members top up online accounts by card, pay other members and cash out. Because the member base keeps growing and has no defined limits, it does not qualify as a limited network.
Payment Institutions & E-Money
With digitalization, many products are going digital and the types of companies and services are diversifying. Electronic money institutions have been part of our lives since 2015. Here is the list of active ones.
Payment Institutions & E-Money
With digitalization, many products are becoming digital, and company types and services offered to customers are diversifying. Payment institutions have been part of our lives since 2015.
Laws & Regulations
A prepaid card used only in brand X's stores is considered to be used “only within a limited network of service providers”, and therefore outside the scope of the Law under Article 18(5). Each business model must still be assessed separately.
Laws & Regulations
A prepaid card used only for transport is considered to be used “only to purchase a limited range of services” and therefore outside the scope of the Law under Article 18(5). Each business model must still be assessed separately.
Laws & Regulations
No. Bitcoin is not issued by any public or private institution and has no guaranteed backing, so it is not considered electronic money under Law No. 6493 and cannot be supervised under that Law.
E-commerce
B2B (Business to Business) is the name for systems used in the dealer networks of large companies, where dealers run supply, stock, distribution and marketing processes efficiently in a closed network.