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ISO 8583
F22 - POINT OF SERVICE ENTRY MODE: This field holds how the transaction was performed via the POS/ATM and the PIN entry capability of the POS device. The first 2 digits show how the transaction was performed, and the last digit (shown as x) carries the POS's PIN entry capability. Numeric...
Merchant & POS
A contactless offline transaction can occur. If the amount is lower than the floor limit defined on the POS and the card also allows offline authorization, the transaction can be completed offline. Offline transactions are periodically sent by the POS to the acquiring bank.
Merchant & POS
Unattended POS is a type of POS that is not managed by merchant staff and is triggered by the customer in self-service services. Its use has increased further with the rise of mobile payments.
Cryptocurrency
Cryptocurrencies are becoming part of everyday life and are expected to compete seriously with card payments. This glossary explains the key crypto terms, from address, altcoin and arbitrage to halving, mining, proof of stake and stop-loss.
Payment Systems
Online PIN is verified by the card-issuing institution through the message itself, while Offline PIN is verified on the chip. This article explains the difference and when PIN bypass is allowed.
Chargeback
Chargeback is inherent to card transactions, so it may be impossible to prevent entirely, but taking precautions keeps the risk to a minimum. Here are the key points merchants should pay attention to in order to reduce chargebacks.
Payment Systems
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.
ISO 8583
DE 12-TIME, LOCAL TRANSACTION: the local time at which the transaction took place at the point of transaction (ATM, POS). 6 digits, hhmmss format. F12 differs from F7 (Transmission Date and Time).
Laws & Regulations
This guide sets out the procedures and principles for reporting suspicious transactions for obliged parties other than the groups individually listed in the AML regulation, such as banks and insurers.
Merchant & POS
PIN Transaction Security (PTS) verifies that card data and PIN information are used for a payment transaction. It is a set of modular evaluation requirements managed by the PCI Security Standards Council for PIN-accepting terminals.
ISO 8583
The card's Track 2 data is carried in this field. Track 2 data contains information such as the card number, expiry date and service code.
Payment Systems
Before describing the Onus Installment process, it is better to first answer: what is an Onus transaction? An Onus transaction is when the acquirer and issuer are the same institution, so the transaction is processed through that institution.