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Laws & Regulations
The Regulation on Generating and Using TR QR Code in Payment Services and its attached TR QR Code Principles and Rules document were published in the Official Gazette No. 31220 dated August 21, 2020, to ensure interoperability in QR code payments.
EMV
The Visa EAS Server (Extended Access Service) is a server used in Visa’s authentication infrastructure. It was developed to run the cardholder authentication process securely between banks and the Visa network, particularly within Visa Secure (3-D Secure 2.x).
Credit Card
First, let's cover what the security code is: a 3-digit numeric value generated during card printing and printed on the card to verify the cardholder and reduce fraud risk. This value is called CVV2/CVC2.
Credit Card
Technology continues to make our lives easier and more secure. Old ID cards were just laminated paper; new ones became personalized and secure with biometric photos added alongside chip data.
HSM & Security
The CPoC standard, issued by the PCI Security Standards Council in 2019, is a data security standard that lets merchants accept contactless payments using a commercial off-the-shelf (COTS) mobile device with NFC.
Payment Institutions & E-Money
Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions defines a payment instrument as a personalized device such as a card, mobile phone, or password.
Credit Card
In the early years of credit cards, using the card physically was mandatory. With the internet and new technologies, we can now pay with only the card details, 3D Secure and contactless NFC payments, even without the card in hand.
Merchant & POS
In the past, collecting a payment meant physically swiping a card through a POS device. Payment methods have since diversified so much that customer satisfaction, transaction counts and volumes have all increased. Here is why SMS payment is gaining popularity.
Merchant & POS
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.
Merchant & POS
In payment systems, every exchange between POS devices and bank or payment institution systems runs on a specific messaging standard, generally based on ISO 8583. However, each country, bank, or switch network defines its own version of this standard.
Credit Card
CNP refers to a transaction made through a website or a company's own app payment page, where the card is not read by any device and its details are entered manually. It is short for Card Not Present.
Debit Card
The main difference between embossed debit cards and standard debit cards is that the card number, cardholder name, and expiration date are printed in raised, embossed format rather than flat.