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ATM
EAST, originally the European ATM Security Team, is a non-profit organization working on ATM security. Founded in 2004, it later broadened its scope and became the European Association for Secure Transactions.
Payment Systems
EAST, the European Association for Secure Transactions, is a non-profit organization working on ATM, terminal and payment security. It was founded in 2004 as the European ATM Security Team.
ATM
A twin tower ATM, also called a dual tower ATM, has both a recycler unit for depositing and withdrawing cash and a dispenser unit for withdrawals only, cutting cash replenishment needs at busy locations.
Merchant & POS
In Turkey, there are 3 payment schemes we are used to seeing: MasterCard, Visa, and Troy. American Express and Diners Club are also used, though less widely. Russia's Central Bank recently said two Turkish banks are preparing to accept Mir cards.
ATM
RKL is the process of distributing a TMK (Terminal Master Key) to each terminal from a central point. It is used to remotely load keys onto POS and ATM devices, loading TMKs onto an ATM's keypad or activating them on a POS.
ATM
A dispenser is a part of the ATM. It contains cassettes where cash is loaded; these cassettes are configured during ATM installation. Based on the defined denomination, cash is loaded so the ATM can dispense that type to customers. Does every ATM have a dispenser?
Open Banking
Digital banking is talked about more every day, and with the BRSA's support in defining its scope, it is about to enter our lives. A 'digital bank' is a credit institution that provides banking services mainly through electronic channels rather than physical branches.
EMV
The Pin Change/Unblock command is used after card issuance to let the issuer remove a card's PIN block, or instantly change the reference PIN and remove its block, as well.
Clearing
In payment systems, a transaction made at a merchant or ATM with a card issued by a different bank becomes subject to clearing. Netting offsets each participant's receivables and payables from these transactions into a single balance.
ATM
The word literally means recycled or circulating. In payment systems, it refers to physically dispensing money deposited at ATMs to customers who want to withdraw cash, adding deposits straight into the withdrawal pool.
Debit Card
A debit-featured card issued to a sole proprietorship, a commercial company, or a foundation/association is called a commercial debit card. Operationally, it is no different from a personal debit (ATM) card. It has its own limit, status, and user.
Credit Card
PVV is the number encoded on a card's magnetic stripe that allows the cardholder's PIN to be verified by ATMs and POS terminals. It is a 4-digit cryptogram calculated through a cryptographic operation using the PIN and card data. The real result is longer than 4 digits.