Online & Authorization
What is EMV?
EMV stands for Europay, Mastercard and Visa. In 1994 these companies formed a working group to set chip-card standards, leading to the EMV standards used worldwide today.
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"PIN"
172 articles found
Payment Systems
Can a Card's Contactless Limit Be Managed on a Per-Customer Basis?
Contactless payment has greatly improved the user experience, yet its fixed transaction limit is a common complaint. Can this limit be managed dynamically per customer? This post covers the current situation, technical and regulatory requirements and the outlook.
Credit Card
New Rule for Contactless Payments With Credit Cards
The BRSA has issued a new decision on contactless cards, instructing banks to require a PIN on the first contactless transaction to prevent cards from being used without the customer's knowledge.
Security
What Is Forgery in Card Payments?
Forgery in card payments means transactions made with card details without the cardholder's knowledge, or purchases with counterfeit or stolen cards. Merchants cannot eliminate fraud and chargeback risk, but they should aim to reduce it to reasonable levels.
Merchant & POS
Contactless Transaction Limit Raised to 120 TL
Per BKM data, 3 in 5 merchants accept contactless payments and 1 in 10 credit card transactions is contactless. From 1 August 2019, contactless payments by card or mobile device are allowed without a PIN up to 120 TL.
Contactless
Can I make a 1,000 TL contactless transaction?
Updated info: this article describes the limit at the time it was published. For the current contactless (PIN-free) transaction limit, see the linked article. A 1,000 TL contactless transaction is technically possible, but banks won't take that risk.
Credit Card
A Different Combo Card Experience: Union Bank RuPay Combo Card
A look at the Union Bank RuPay combo card, an unusual design with two chips, two card numbers, two CVV2 values, two magnetic stripes, and two payment schemes combining credit and debit card functions.
ATM
ATM Fraud Methods: Card Trapping
ATMs generally hold your bank/credit card inside the card reader slot until the transaction is completed. Fraudsters insert foreign objects such as paper or adhesive-coated cards into the reader to trap the customer's card inside.
Fraud
What Is Card Skimming?
Card skimming is the theft of card information by copying it with the help of a device. Because data inside the chip is very difficult to steal, chip cards are far more secure than magnetic-stripe cards. Turkey is very advanced in card security technology.
Credit Card
CVR (Card Verification Results)
CVR (Card Verification Results) refers to the results of checks performed on the card. In short, it can be described as keeping the card's transaction log. BYTE 1 Bit 8-7: 00 = The second GENERATE AC command returned an AAC cryptogram (decline)...
Merchant & POS
What is a Multiple Installment Sale?
This can occur at companies selling products from different sectors. For example, you enter a shopping mall and buy a refrigerator for 3000 TL, a dishwasher for 2000 TL, and an iron for 1000 TL, each under a different installment campaign.
Payment Systems
If My Contactless Card Falls Into the Wrong Hands, Can They Spend My Entire Card Limit?
No, they cannot use your entire card limit. In addition to special controls for contactless cards, contactless-enabled cards have limited payment amounts.