Security
What Is OTP (One-Time Password)?
These are passwords generated for one-time use and sent to the cardholder's phone to verify card transactions in payment systems. The password sent during a 3D Secure transaction is a common example.
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Laws & Regulations
The Regulation on the Accessibility of Banking Services and What It Contains
The articles of the Regulation on the Accessibility of Banking Services are listed below. Published in the Official Gazette on 18 June 2016 (issue 29746), banks must strictly comply with them. PART ONE Purpose...
HSM & Security
What Should Be Done to Ensure Internet Banking Security?
In the past, banking meant going to a branch. Today, most transactions run through channels such as the Internet Branch, ATM and Mobile Branch, so improving internet banking security and regularly informing customers about it is important.
Credit Card
Who Is Liable When the 3D Secure Password Is Shared in Online Transactions?
In online transactions, a one-time 3D Secure password is sent to the cardholder's phone. Find out who is liable if that password is shared with someone else, and what happens when a transaction is not completed with 3D Secure.
HCE
What Are Tokenization and Detokenization?
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.
Security
What Is OTP? What Is Its Role in End-to-End Security?
With Chip&Pin technology, card PINs and chip-based transactions became widespread. As online shopping grew, strengthening the security of these transactions became a necessity, and OTP began providing that transaction security.
Credit Card
Who Wouldn't Want a Credit Card with a Biometric Reader?
Card security is critical in card payment systems. Chip&Pin curbed much fraud, but gaps remain. Cornercard, Gemalto and Visa launched Switzerland's first credit card with a built-in fingerprint reader. Here is how it works.
Security
What is PAM (Personal Assurance Message)?
PAM (Personal Assurance Message) is a message that users set up for 3D Secure transactions. It appears on the password screen during checkout and confirms to the user that the screen truly comes from their own bank.
Credit Card
How is CVV generated?
CVV is a very critical 3-digit value used during a card's authorization process. The CVV value is encoded in the card's magnetic stripe data (Track 1 and Track 2). Is it generated by an algorithm or chosen at random?
Contactless
Does My Card Support Contactless Payments?
You can tell whether a card supports contactless payments by the four wave symbols printed on it. If the wave symbol is present, your card supports contactless transactions. If not, contact your bank for a new card.
ATM
Today Is the Anniversary of the ATM Entering Our Lives!
The first device that can truly be called an ATM was produced by De La Rue for Barclays Bank and put into service in Enfield, London, on 27 June 1967. The ATM came to Türkiye in 1982.
Credit Card
What is BKM Express?
What is BKM Express? BKM Express is a technical infrastructure solution developed by BKM that lets you pay securely for online purchases without sharing your card's full details. What are the advantages of BKM Express? To register your card you don't need to enter all…