ATM
What Is Jackpotting?
Jackpotting describes a method criminals use to steal money from ATMs. With physical access to the machine, they take control of it and make it dispense all of its cash.
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"system operator"
190 articles found
FAST
FAST Transaction Limit Raised to 1,000 TL
Current information: This post describes the limit in effect at the time of publication. The FAST transaction limit, introduced in January, was raised periodically and reached 1,000 TL as of January 29. See the newer post for the current FAST limit.
Online & Authorization
What are Commercial Off-the-Shelf Devices (COTS)?
Commercial off-the-shelf (COTS) products and services are ready-made, packaged solutions adapted to a purchasing organization's needs, rather than custom-built ones. In payment systems, COTS includes ready-made payment apps for phones and Android POS devices.
Merchant & POS
What Is UnionPay?
UnionPay International (UPI) is a China UnionPay subsidiary founded in November 2012. Together with more than 1,000 institutions worldwide, UPI provides international card acceptance in 160 countries and card issuance in more than 40 countries and regions.
Payment Systems
What Is PEPSI (The Pan-European Payment System Initiative)?
28 European banks have started working on a cashless payment system cooperation that would operate across Europe independently of existing international schemes such as Mastercard, Visa and Discover.
Payment Systems
Visa and Mastercard Branded Cards Will No Longer Work in Russia
After Russia invaded Ukraine, Visa and Mastercard suspended services for sanctioned Russian banks. This post explains the impact on cardholders and merchants, and Russia's MIR and UnionPay alternatives.
Payment Systems
What is Store and Forward (SAF)?
Store and Forward (SAF) describes offline transaction processing. It was originally developed when modems were introduced and connections were not always stable, letting terminals store transactions and forward them once connectivity is restored.
Credit Card
Is there a timeout period for a transaction pending in Open Authorization?
Due to how payment systems work, authorization is obtained first for a transaction. For a Not Onus transaction (where the card-issuing bank and the POS bank are different), the system waits for the relevant transaction to arrive via the clearing incoming file…
ATM
ATM Hacking Attacks Are on the Rise!
ATMs hold large amounts of cash, which keeps them in fraudsters' sights. Diebold Nixdorf and NCR report that jackpotting attacks have reached the United States. Here is what happened and what precautions can improve ATM security.
Credit Card
What is PCI DSS (Payment Card Industry Data Security Standard)?
The Payment Card Industry Data Security Standard (PCI DSS) is a technical and operational standard created by the PCI Committee, formed by internationally recognized payment brands, to ensure data security in card payment systems.
Payment Systems
What is SPA (Smart Payment Association)?
The Smart Payment Association (SPA) is the trade association of the smart payments industry. It provides leadership and expert guidance to help members and customers realize smart, secure and personalized payment systems and services, now and in the future.
Credit Card
What Is the Communiqué on the Management of Information Systems Used in Bank Card and Credit Card Transactions?
This communiqué sets the rules for managing information systems used in bank card and credit card transactions. Card scheme operators, issuers, acquirers, merchants and outsourced service providers are all within its scope.