Credit Card
Differences Between a Credit Card and a Debit Card
Although debit cards and credit cards look similar in appearance, there are fundamental differences between them, from cash advances to installments and security.
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ISO 8583
ISO 8583 Field Descriptions (F14)
F14 - DATE, EXPIRATION DATE: the expiration date printed on the card by the issuing bank, a 4-digit numeric value in YYMM format. See how it's checked and why the YYMM order matters.
Credit Card
What Is Effective Date?
The Effective Date is the information showing the date until which a card can be actively used. It can also be called the expiration date. It is a mandatory field printed on the card and used in transactions, set by banks for card security.
Merchant & POS
Terms that should be in your payment systems glossary
Below are the definitions of the cornerstone terms of payment systems, as established by the Banks Association of Turkey (TBB): debit card, credit card, merchant, cardholder, and more.
Credit Card
What is CVV/CVC?
CVV is short for Card Verification Value, a term used by Visa. CVC is short for Card Verification Code, a term used by MasterCard. The CVV/CVC code is used for cardholder verification and to reduce fraud risk.
Credit Card
What is a combo card?
A combo card is a next-generation card that combines both a credit card and a debit card on a single card. Although designs vary visually, the front typically carries the credit card information and the back the debit card information.
Credit Card
Credit Card/Debit Card Fraud
Credit card fraud is generally committed using the card itself, using card details without the card, via excess or duplicate withdrawals, or by seizing identity information. ATM card trapping is common, since ATMs hold the card during the transaction.
Credit Card
Which Companies Provide Card Production and Personalization Services in Turkey?
Although card usage today is shifting from physical use toward virtual use, physical card production, personalization, and printing remain vital steps in card manufacturing. Here are the companies that produce and personalize cards in Turkey.
Credit Card
Is the card number always entered as 16 digits in e-commerce transactions?
About 90% of payment schemes print card numbers with 16 digits. But 90% producing 16-digit cards should not turn into a rule that card numbers are always 16 digits. Web payment forms must also account for the remaining 10%.
Credit Card
How Should the Relationship Between Credit Card Count and POS Be Interpreted for Banks?
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
What are the differences between the CVV and CVV2 generation algorithms?
CVV and CVV2 values are often confused by cardholders. CVV is printed on the magnetic stripe and used for card verification when the card is physically swiped through a POS; CVV2 is printed on the back of the card for e-commerce authorization.
Credit Card
Which Cards Can I Use for Mail Order Transactions?
Debit cards and prepaid cards are generally closed to mail order transactions. Mail order authorization is held on credit cards. Unless specifically requested at application, a card is issued closed to mail order transactions.