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Credit Card
Pre-authorization reduces the merchant's risk by blocking part of the card's limit for a set period. Since a credit card has a defined limit, an amount can be blocked against it. ATM cards and prepaid debit cards have no such limit to block.
Credit Card
It is a CVV2/CVC2 code that changes every few minutes instead of the static code printed on the back of a credit card, aimed at reducing fraud risk in CNP (Card Not Present) transactions.
Credit Card
Just as people differ in temperament, everyone's income, spending and payment habits differ. Some people shop for a month without trouble on a 1,000 TL card, while others can max out a 10,000 TL limit in the first week.
Merchant & POS
An offline transaction is one approved by the card and the POS themselves, without going to any system (the card's bank or the POS's bank), when a chip card transaction is made at a POS. For this reason, some sectors considered risky are restricted.
Credit Card
A prepaid card is a customized chip or chipless card that is not linked to a bank account and has no credit limit like a credit card. You can only spend up to the amount loaded onto the card.
HCE
Tokenization generates secure data from a credit card number, using specific algorithms, for use during authorization. In CNP transactions, it removes the risk of storing or compromising the original card number.
Credit Card
A prepaid card is a customized card, with or without a chip, not linked to a bank account and without a credit limit like credit cards, letting you spend only the amount loaded onto it.
Credit Card
EMV chip cards contain a small, powerful microprocessor that provides enhanced security, faster transactions, and support for loyalty programs. VSDC is Visa's chip-based solution; M/Chip-Lite is Mastercard's low-cost equivalent for banks starting their chip migration.
Debit Card
A contactless transaction is a fast, secure payment made between a chip card and a POS device without direct contact, without the card's chip or magnetic data being read through the card reader. Can this be done with a debit card (ATM card)?
Credit Card
A credit card is a card whose limit the bank sets after evaluating the customer against criteria such as income, payment history, and credit bureau score.
Credit Card
Administrative follow-up and legal follow-up are both credit card collection statuses, but they differ in many ways in how they work, what they cost and how they affect the cardholder.
Credit Card
Many people who appear as credit card victims in the news and on social media run into trouble because they think their credit limit is unlimited and forget it must eventually be repaid. A credit card is the best payment instrument, if you know how to use it.