HCE
What Is the ISO/IEC 14443 Standard?
An international standard that defines proximity cards used in Near Field Communication (NFC) and the protocols used to communicate with them. It has 4 parts; Part 4 covers NFC and HCE operations.
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"field specification"
48 articles found
Payment Systems
What are the 3D Secure Payment Models?
In card payment transactions made via a physical POS device, entering the card's PIN keeps the transaction secure, while in virtual POS transactions, security is provided through the 3D Secure flow. Are 3D Secure payment methods standardized? There are 3 different 3D Secure models.
Payment Systems
What Could Neuralink Change in Payment Systems?
Elon Musk was set to unveil Neuralink, a brain-computer interface. What is Neuralink, and how might payment systems change if payments, cards, ATMs and POS devices move from phones to a chip in the brain?
Credit Card
Tell me your BIN number and I'll tell you your card's family tree
BIN is short for Bank Identification Number: a unique, bank-specific number created under ISO/IEC 7812 standards that shows which bank a card belongs to. It is the first 6 digits of a card.
Credit Card
What is Emboss Name?
The customer's name printed on credit and debit cards is called the emboss name. But can we print an unlimited amount of name information on the card? There is a specific area reserved on the card for it.
Merchant & POS
What does POS brand and model mean?
Just like a car, a POS device has a brand and a model, for example Ingenico ICT220 or Ingenico ICT250. Each model differs from the others: some have a contactless reader while others may not, and screens, memory and features vary.
Payment Systems
Are Permissions on Physical POS Devices Kept Only on the POS and the Host?
No. Besides the POS and the host, permissions can also be kept in the issuer data. This lets banks, for example, allow installments only for a brand's BINs, or allow mail order for credit cards but not debit cards.
Security
What is the First Credential-On-File transaction?
The first transaction made after a customer's card data is stored with a merchant is called the First Credential-On-File transaction. BKM expects it to be flagged with the value "C" in switch message field DE48.PDS86, and BRSA draft rules govern how card data may be stored.
Open Banking
What is the European Banking Authority (EBA)?
The European Banking Authority (EBA) is an EU regulatory body headquartered in Paris. It runs stress tests on European banks to increase transparency and identify weaknesses in their capital structures. It was established on 1 January 2011.
Merchant & POS
MasterCard Is Getting Ready for Voice Shopping
Payment systems once meant a physical card and a PIN on a POS device. Digitalization that began with contactless transactions has accelerated with mobile payments, and MasterCard is now working on voice shopping and Soft POS in Turkey.
Credit Card
Can Both Chip and Magnetic Stripe Cards Be Issued Under the Same BIN?
It may sound impossible at first, but it is technically possible: a bank can issue chip debit cards under the same BIN as its magnetic stripe cards, with the card scheme's approval.
Credit Card
What Is iCVV? How Is It Generated?
iCVV stands for Integrated Circuit Card Verification Value. To prevent fraud, it is a CVV value generated similarly to the card's track data and stored on the card's chip. Visa uses the term iCVV; MasterCard and American Express use their own equivalents.