Credit Card
What is a prepaid card?
A prepaid card is a customized card, with or without a chip, not linked to a bank account and without a credit limit like credit cards, letting you spend only the amount loaded onto it.
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"card PIN"
164 articles found
Credit Card
What Is a Supplementary Card?
A financial card product issued against a primary card, with its own card number, expiration date, authority, limit, and PIN. Using a supplementary card is ideal for making purchases from more than one card while keeping all spending on a single statement.
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.
ATM
What Is an ATM?
ATM stands for Automated Teller Machine, an electronic device that lets customers carry out account transactions with or without a card. It was invented in 1960 by John Shepherd-Barron. The first ATM in Turkey was installed in 1982.
Credit Card
Congratulations, You Won Gift Points..
A real attempted card fraud story: a fake Facebook friend request, a promise of free bank points, and a request for card number, expiry date and CVV2. Here is what happened and how to protect yourself.
Debit Card
What Are the Cards Issued by E-Money Institutions and Their Transaction Fees?
The use of prepaid cards, and the number of prepaid cards issued by e-money institutions, has risen sharply. This post looks at why, how to choose a card, and which fees prepaid cards charge.
Credit Card
Physical or Virtual Credit Card: Which Do You Prefer?
Digitalization is reshaping payment systems. Credit cards are moving from physical plastic to virtual cards, e-wallets and mobile payments. Will physical card use disappear completely? Here is a look at the trends, Generation Z and the remaining gaps.
Credit Card
Istanbulkart: Both Transit Card and Payment Card
When I think back to the Akbil I used when I first arrived in Istanbul, I think it's fair to say that Istanbulkart has undergone a very significant transformation. Users can now track activity, top up and view balances right from their phones.
Merchant & POS
Who is liable for a transaction made without a PIN?
Almost all of us carry at least one credit card. Imagine losing your wallet with all your cards inside, and someone with bad intentions finding it and using the cards without a PIN. Who bears the responsibility?
Online & Authorization
Issuer Action Code (IAC)
These are codes that communicate the issuer's conditions for approving a transaction online (IAC-Online), for declining it (IAC-Denial), or for declining it when the terminal cannot go online (IAC-Default).
Payment Systems
Domestic Flow Change Made for Below-CVM-Limit Online Contactless Transactions
The domestic authorization flow for below-CVM-limit online contactless transactions has changed. Issuers can now ask the cardholder for a PIN or request card insertion instead of simply approving or declining. This post explains the CVM list and the new DE48 PDS22 and DE39 = 65 message flows.
EMV
What Is an EMV Issuer Script?
An EMV Issuer Script is a system that lets the issuer (the institution that issues the card) update and change the parameters and values on the card chip while it remains in use, reducing fraud over the card's lifetime.