E-commerce
What is Online Payment?
Making payments over the internet using a card is called online payment. Learn what online payment systems are used for and what happens behind an online transaction, from the payment gateway to the issuing bank.
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"Card Data"
231 articles found
Credit Card
Did We #StayHome? (Based on BKM March 2020 Data)
The coronavirus has turned the past month into a new way of life. How will these changes affect payment systems? This post reviews the March 2020 data announced by BKM, including the surge in contactless and online card payments.
Laws & Regulations
Remote Identity Verification, Reliance on Third Parties and Open Banking
Digitalization is changing how banks onboard customers. This post covers digital identity, verification methods, what the Turkish ID card offers, and Article 43 of the Regulation on Information Systems of Banks and Electronic Banking Services on remote identity verification and open banking.
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.
Laws & Regulations
What Is Law No. 5464 on Bank Cards and Credit Cards? What Does It Contain?
The purpose of Law No. 5464 on Bank Cards and Credit Cards is to ensure the card payment system works effectively by regulating the issuance and use of bank and credit cards and the related clearing and netting processes.
Merchant & POS
What is the Personal Data Protection Law (KVKK)?
The Personal Data Protection Law was adopted by the Grand National Assembly of Turkey on 24/03/2016 and published in Official Gazette No. 29677 on 07/04/2016. It protects individuals' rights in the processing of personal data and sets the rules that data controllers must follow.
ISO 8583
ISO 8583 Field Descriptions (F23)
F23 - CARD SEQUENCE NUMBER: Information used to distinguish cards sharing the same card number. For example, the Card Sequence Number is incremented by 1 when a card is renewed. In an authorization transaction, if the F22 value is '05x'...
Debit Card
Can a debit card (ATM card) be used for contactless transactions?
A contactless transaction is a fast, secure payment made between a chip card and a POS device without direct contact, without the card's chip or magnetic data being read through the card reader. Can this be done with a debit card (ATM card)?
Merchant & POS
TVR (Terminal Verification Results)
Terminal Verification Results (TVR): a sequence of bits produced when a terminal reads an EMV card, based on logical checks such as an expired card. This data object is used to decide whether a payment transaction should be accepted online, declined, or allowed to proceed.
Online & Authorization
What is TLV (Tag-Length-Value)?
TLV is a data storage method used to speed up the parsing of data. For example, reading data from a card's chip at a POS and carrying it through authorization uses the TLV structure.
Credit Card
What Is PVKI (PIN Verification Key Index)?
PVKI is the abbreviation for PIN Verification Key Index. It is located within the card's Track 1 and Track 2 data and is used in PVV calculation. It can take values from 1 to 6, usually defaulting to 1.
Security
What Is a Secure Card Reader for PIN (SCRP)?
A Secure Card Reader for PIN (SCRP) is a multi-function card reader that turns any iOS, Android or Windows device into a payment terminal able to accept chip and contactless payments with PIN.