Credit Card
What Is an Amex (American Express) Card?
Amex is short for American Express, a payment scheme like Mastercard, Visa, or TROY. Learn its history, what sets Amex cards apart, and whether every website accepts them.
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"Cardholder Verification"
69 articles found
Payment Systems
Preventing Financial Losses in Payment Systems: Authorization, Clearing, and the Reversal Mechanism
Every payment transaction completes in seconds, yet dozens of controls run behind the scenes. This post covers the precautions for authorization and clearing, the critical role of reversals, and the financial loss scenarios most often seen in the field.
Credit Card
How is CVV generated?
CVV is a very critical 3-digit value used during a card's authorization process. The CVV value is encoded in the card's magnetic stripe data (Track 1 and Track 2). Is it generated by an algorithm or chosen at random?
Merchant & POS
What Happens During Authorization?
Today, credit cards play an important role in our daily lives. We can carry out almost all of our transactions without carrying cash, using our credit card instead. During a purchase, we hand our card to the cashier and enter our PIN at the POS terminal.
Merchant & POS
What is an E-commerce Transaction?
E-Commerce can briefly be described as the sale and purchase of products over the internet, a term used since 1969. Virtual POS operates behind e-commerce transactions, which take place at different levels: Non 3D, Half 3D, and Full 3D Secure.
Credit Card
Did Someone Say a Numberless Card?
When we think of a credit card, we picture one printed with the Card Number, Cardholder Name, Expiration Date, and CVV2 information. But what if we told you there is a card with no numbers on it at all? It may sound strange at first, but...
Fraud
What is Fraud? What are the Types of Fraud?
With the growth of credit and debit card usage and rising e-commerce transaction volumes, there has been a serious increase in exploiting user negligence to harm customers. Fraud means using someone else's card at a merchant or ATM to gain unjust profit.
Credit Card
What Is the PIN Try Count?
The PIN Try Count is the maximum number of failed offline PIN verifications that can be made with the card. Banks usually keep both the consecutive wrong PIN count and the maximum wrong PIN count.
Credit Card
Credit Card/Debit Card Fraud
Credit card fraud is generally committed using the card itself, using card details without the card, via excess or duplicate withdrawals, or by seizing identity information. ATM card trapping is common, since ATMs hold the card during the transaction.