Security
What Is OTP (One-Time Password)?
These are passwords generated for one-time use and sent to the cardholder's phone to verify card transactions in payment systems. The password sent during a 3D Secure transaction is a common example.
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"SMS payment"
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Merchant & POS
What Is Secure Mobile Payment?
The Secure Mobile Payment System is a system permitted by the Ministry, operated under the Revenue Administration (GIB) Communiqué, for sales, payment and collection transactions and the electronic creation, transmission and retention of the related financial documents.
Merchant & POS
What Does First Online Transaction Mean?
In payment systems, an online transaction means the transaction is sent to the card or POS/ATM bank at the moment it occurs, and required checks are obtained from that system. So does every transaction happen online? Of course not. Especially with contactless...
Credit Card
What Is Post-Purchase Installment Conversion?
Post-purchase installment conversion lets credit card purchases and cash withdrawals be split into installments afterward for a fee. See the rules and limits banks apply.
Merchant & POS
What is a static QR code?
A static QR code is a code whose content is fixed and can be used for multiple payment transactions. So what is the difference between a static and a dynamic QR code?
Fraud
How Do Fraud Applications Work?
Fraud management is used to detect possible fraud on customer accounts and provides additional security for transactions when necessary, making it one of the top priorities for banks.
Security
What is CPP (Card Protection Plan)?
Credit cards are one of the most important payment instruments in daily life. As technology advances and mobile payments and ATMs handle nearly all transactions, credit card fraud is also diversifying and increasing.
Security
How can I find the list of Access Security Control (ACS) companies?
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.
Security
What is PAM (Personal Assurance Message)?
PAM (Personal Assurance Message) is a message that users set up for 3D Secure transactions. It appears on the password screen during checkout and confirms to the user that the screen truly comes from their own bank.