Merchant & POS
Can I Make Transactions with Any Card on a POS Terminal?
To accept a card brand such as Mastercard or Visa, a POS must be certified for that brand. Which brands a POS accepts is the bank's decision.
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Payment Systems
When Does a Transit Card Become a Payment System? The Istanbulkart Example | #3
When Does a Transit Card Become a Payment System? Millions of people in Istanbul use Istanbulkart every day. Passing through metro turnstiles, rushing to a bus or boarding a ferry at the last moment, our hand reaches almost by reflex for our card or our phone...
Payment Systems
What Are Closed-Loop Payment Systems? The Hidden Side of the Payments World | Closed-Loop Payments #1
The Hidden Side of the Payments World. The words a person working in the payment systems industry hears most over a career are probably Visa, Mastercard, POS, debit card, virtual POS, acquiring and card issuing. Frankly, my own career did not unfold very differently from that journey...
Laws & Regulations
What Are the Visa Core Rules and Visa Product and Service Rules Documents? How Can I Access Them?
The Visa Core Rules and Visa Product and Service Rules documents define the fundamental rules that apply to all institutions in the Visa network. They are updated regularly, and all members are expected to follow the latest version.
Online & Authorization
When Does a Contactless Transaction Post to the Account?
A contactless transaction is a fast, secure payment made without direct contact between the card and the POS terminal (without reading the chip or magnetic stripe). Can every card be used for contactless payments? For a transaction to be contactless…
Merchant & POS
Key Points to Watch for in Recurring Payments
Winning customers is one of the most important things in business, but keeping them satisfied matters just as much. If you collect payments at regular intervals, such as monthly, these tips will help you improve the success rate of recurring collections.
Merchant & POS
How Important Is the Checkout Page in Payments?
The checkout page is where an online purchase is completed, and cart abandonment is highest there. This post lists design tips: support all cards, limit transition pages, show security cues, allow guest checkout and remove distractions.
Credit Card
What is Major Industry Identifier (MII)?
Major Industry Identifier (MII) is the first digit of a credit card number, representing the category of the institution that issued the card. The MII values and their corresponding categories are listed below.
Security
What is a CP (Card Present) Transaction?
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.
Credit Card
What Are the World's Most Exclusive Credit Cards?
From the invite-only American Express Centurion Card to the diamond-studded Dubai First Royal MasterCard, discover the world's most exclusive credit cards.
Credit Card
What is an Affinity Card (Membership Card)?
An affinity card is a type of credit card issued by a bank that carries the logo of a social organization such as an association, foundation, sports club, or charity (for example, Fenerbahce Bonus). It is similar in structure to a co-branded card.
Merchant & POS
What Features Should POS Paper Rolls Have?
POS paper rolls, which seem like the simplest part of a POS terminal, must still meet certain conditions. Most of us only look at the amount on the front of the receipt, never the back.