Credit Card
What Is a Wallet?
The term 'wallet' has many definitions in payments and fintech. In general, it refers to digital wallets (e-wallets) used in e-commerce, popular because they let users securely store payment information and pay easily.
Search
"Card Expiration"
77 articles found
Credit Card
What are MasterCard Warning Notice and Visa Card Recovery Bulletin?
The name for a list of problematic cards — lost, stolen, expired, over-limit, counterfeit, or otherwise flagged — published by card companies like Visa and MasterCard. Mastercard calls it the 'MasterCard Warning Notice'.
Credit Card
What Is Track2?
A special data set printed on a card's magnetic stripe, containing the card information required for authorization when the card is used physically. It consists of 40 numeric characters. The Track2 field structure includes several data fields such as length and description.
Merchant & POS
What is AFL (Application File Locator)?
AFL (Application File Locator) is the field that shows where on the card the data needed for the authorization transaction is located. AFL is a list of the application data records on the card, and the terminal uses it to read the application data.
Payment Systems
What is a Non-Secure transaction?
A non-secure transaction is an e-commerce transaction approved without any verification before authorization, such as SMS OTP. In short, authorization is obtained by verifying only the card number, expiration date, and CVV2.
ISO 8583
ISO 8583 Field Descriptions (F45)
F45 (TRACK-1 DAT) carries the Track 1 data of the card in ISO 7813 format, including field separators and start and end sentinels but excluding the LRC character. It is 76 characters long.
Security
What is Software-based PIN Entry on COTS (SPoC)?
Published by the PCI SSC, Software-based PIN Entry on COTS (SPoC) is a standard that provides a software-based approach for protecting PIN entry on commercial off-the-shelf devices such as smartphones and tablets.
Payment Systems
What Are the Mastercard and Visa Chargeback Reason Codes Requiring a Cardholder Letter and/or Supporting Documentation?
Here are the Mastercard and Visa chargeback reason codes that require a cardholder letter and/or supporting documentation, with their descriptions.
Chargeback
What Are the Chargeback Reason Codes Requiring a Draft Retrieval for MasterCard and Visa?
The MasterCard and Visa chargeback reason codes that always, sometimes or never require a draft retrieval before a chargeback, with their descriptions. Includes Visa codes such as 60, 75, 79 and 81 and MasterCard codes 4801 and 4802.
Payment Systems
What Are the Draft Retrieval Not Required Before Chargeback Codes?
The Draft Retrieval Not Required Before Chargeback codes defined for Visa and Mastercard are listed below, so you can see which disputes can go straight to chargeback.
Credit Card
I can't use my card for e-commerce transactions. What could be the reason?
If you can't use your card for e-commerce transactions abroad, first check that e-commerce authorization is enabled, that 3D Secure has been set up, and that your bank's authorization system is active. The issue may also originate from the merchant's bank.
Credit Card
What are the differences between the CVV and CVV2 generation algorithms?
CVV and CVV2 values are often confused by cardholders. CVV is printed on the magnetic stripe and used for card verification when the card is physically swiped through a POS; CVV2 is printed on the back of the card for e-commerce authorization.