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Credit Card
The effect of credit cards on inflation has been debated for years. Because I am asked about it so often, I ran a poll on arifunal.com to gather readers' views. This post weighs the positive and negative effects and compares the poll with the research findings.
Credit Card
Credit cards can be a convenient way to manage income and expenses, but for those who don't know how to use them, they can become an expensive and risky product. Here are the key pros and cons to weigh before applying for one.
Merchant & POS
Onboarding refers to all the practices that help a customer learn to use a product or service for the first time. In payment institutions, it covers verifying a customer's information and documents during merchant application.
Payment Systems
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...
Merchant & POS
When you buy a product with a credit card, you can pay in a single payment or in installments. Installments at the cash price means paying in installments without any markup over the cash price, which benefits the cardholder.
Merchant & POS
On-Us Leakage is a term used in the world of payment systems. On-us means the card-issuing bank and the POS-acquiring bank are the same. So what does on-us leakage mean in this context?
Payment Systems
Before describing the Onus Installment process, it is better to first answer: what is an Onus transaction? An Onus transaction is when the acquirer and issuer are the same institution, so the transaction is processed through that institution.
Merchant & POS
This can occur at companies selling products from different sectors. For example, you enter a shopping mall and buy a refrigerator for 3000 TL, a dishwasher for 2000 TL, and an iron for 1000 TL, each under a different installment campaign.
ISO 8583
F42 - CARD ACCEPTOR IDENTIFICATION CODE: the merchant number of the terminal where a transaction took place. It is a 15-character alphanumeric value. Transactions are settled to the merchant's account based on the merchant number in this field.
ISO 8583
F19 — Acquiring Institution Country Code: the country to which the location of the acquiring bank's device (ATM, POS, etc.) belongs.
Online & Authorization
Account-to-account (A2A) payments can be described as making a payment by transferring money from one bank account to another. Though similar to wire transfer/EFT, combining the transfer with the payment creates a seamless experience.
Payment Systems
Affiliate marketing, in short, is a performance-based promotion and sales approach that distributes an online retailer's product marketing to different people and organizations, letting it achieve the most sales with the least risk.