Search
90 articles found
Merchant & POS
An imprinter is the name given to devices that transfer all the information embossed on a credit card onto a paper sales receipt. Before POS terminals, it was commonly used by merchants for authorization transactions.
Merchant & POS
Transaction types that can be made with a card through a POS: Magnetic Sale, EMV (Chip) Sale, Fallback Sale, Offline EMV Sale, Mail Order, and Ecommerce Sale, each explained in detail below.
Online & Authorization
TLV is a data storage method used to speed up the parsing of data. For example, reading data from a card's chip at a POS and carrying it through authorization uses the TLV structure.
Credit Card
Card copying usually happens with magnetic stripe debit cards. As soon as you notice your card details have been copied, you can close the card, renew it or change its PIN.
Credit Card
If your card's chip won't read, the chip data is likely corrupted or the POS's chip reader is faulty. This is usually caused by magnetic interaction with another card's chip.
Merchant & POS
The PCI Security Standards Council (PCI SSC), founded in 2006 by Amex, Discover, JCB, Mastercard and Visa, has shared its data security and testing standard for accepting contactless payments on smartphones and tablets without extra hardware.
Security
A CP transaction refers to a card transaction in which the card and cardholder are physically present at the location. Card Present transactions occur when the card's magnetic stripe or chip data is read by a POS terminal or ATM, or via contactless.
HSM & Security
TMK stands for Terminal Master Key, a key-encrypting key distributed manually or automatically under a previously established TMK. It is used to distribute data encryption keys to an ATM or POS terminal within a local network.
ISO 8583
F23 - CARD SEQUENCE NUMBER: Information used to distinguish cards sharing the same card number. For example, the Card Sequence Number is incremented by 1 when a card is renewed. In an authorization transaction, if the F22 value is '05x'...
Credit Card
iCVV stands for Integrated Circuit Card Verification Value. To prevent fraud, it is a CVV value generated similarly to the card's track data and stored on the card's chip. Visa uses the term iCVV; MasterCard and American Express use their own equivalents.
Merchant & POS
In EMV-based debit card transactions, PIN verification is decisive for both security and liability. What happens when a card that only supports online PIN is sent to the issuer without a PIN, and the issuer approves it? Who owns the risk?
Merchant & POS
A smart cash register is a new-generation, IP-based payment recording device that integrates a cash register with a POS terminal. It combines fiscal devices and POS devices in a single unit and transmits data to the Ministry of Finance in real time.