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Credit Card
At first glance, a credit card seems like a product offered for cardholders' use and benefit, but it also provides significant benefits to merchants, from faster cash flow to collection security and new customers.
Credit Card
With its announcement dated 09.06.2022, the BRSA changed how the credit card minimum payment is calculated: 20 percent of the period debt below a 25,000 lira limit and 40 percent above it. This post covers what banks should do and the likely market impact.
Credit Card
The customer's name printed on credit and debit cards is called the emboss name. But can we print an unlimited amount of name information on the card? There is a specific area reserved on the card for it.
Credit Card
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
Nearly all of us have at least one credit card in our wallet and use credit cards for almost all of our transactions. A credit card is a good tool for tracking spending, but common mistakes can turn it into a serious problem.
Credit Card
Credit cards can be a convenient way to manage income and expenses, but for those who don't know how to use them, they can become an expensive and risky product. Here are the key pros and cons to weigh before applying for one.
Chargeback
Chargeback is inherent to card transactions, so it may be impossible to prevent entirely, but taking precautions keeps the risk to a minimum. Here are the key points merchants should pay attention to in order to reduce chargebacks.
Merchant & POS
Partial Authorization lets an issuer approve part of a transaction instead of declining it when the balance or limit is insufficient. This post covers how it works in ISO 8583, whether it is mandatory, and why it matters for the business.
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.
Credit Card
Yes. Banks may reject limit increase requests based on their assessment of a person's economic and social situation, credit score and similar information.
Payment Systems
With its announcement of 30/11/2023, the Revenue Administration published a draft Tax Procedure Law General Communiqué to complete the replacement of old-generation payment recorder devices (EN OKC) with new-generation ones (YN OKC), reduce cash use and increase card payment options.
Merchant & POS
The GPRS Line Fee is the monthly charge banks pass on to merchants for each active GPRS POS terminal, covering the mobile operator cost of the line built into GPRS POS devices. It is not applied to IP POS or Dial-up POS terminals.