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Z Report printout from a cash register

Merchant & POS

What is a Z Report?

A Z Report is a report taken at the end of the business day, bearing a sequential number, that gives detailed information about sales made using a cash register during a business day, the revenue earned, and the VAT collected.

ATM machine with card reader, keypad and screen

ATM

15 Interesting Facts About ATMs

Although we can now carry out almost all branch transactions at an ATM, for most of us an ATM is still just a machine for depositing and withdrawing cash. Today, without a card, we can use our phones to deposit and withdraw cash via QR code.

Illustration of a credit card installment payment plan

Credit Card

What is an installment?

An installment is when a credit card transaction is split into a fixed number of monthly payments to the bank. For example, splitting a 100 TL purchase into 5 installments means paying the bank 20 TL per month until the full amount is paid off.

Chart showing the global decline in the number of ATMs

ATM

The number of ATMs is declining worldwide

ATMs, which let us meet our cash needs, pay card debt, make transfers, and even withdraw or deposit cash via QR code without a card, have started losing popularity after all these years.

Account Information Service Provider concept icon

Payment Systems

What are Account Information Service Providers?

Digital Account Checking underpins many innovative banking and FinTech services. In most cases, it is performed by Account Information Service Providers, which supply data from customers' online bank accounts to other banks and third-party providers.

Shared ATM usage between different banks

ATM

What is a Shared ATM?

A shared ATM lets a customer of one bank use another bank's ATM for card or credit card transactions. Within customer limits, shared ATMs allow deposits, withdrawals, balance inquiries, and credit card debt inquiry/payment.

Illustration representing the advantages and disadvantages of credit cards

Credit Card

What Are the Advantages and Disadvantages of a Credit Card?

Credit cards can be a convenient way to manage income and expenses, but for those who don't know how to use them, they can become an expensive and risky product. Here are the key pros and cons to weigh before applying for one.

ATM operator menu screen used to perform a cassette reset

ATM

What Is ATM Cash Reset?

ATM cash reset is the process of reconciling the values in all of the ATM's cassettes and in the ATM's memory, zeroing out the ATM balance. The reset is carried out from the operator menu inside the ATM, via End of Day Operations.

Illustration showing how the Luhn algorithm calculates and validates a credit card check digit

Credit Card

How is a credit card number generated? (Luhn Algorithm)

The Luhn algorithm was developed by Hans Peter Luhn and IBM in 1954. It is also known as the Luhn Check or Mod Check. It is used in two ways: preparing a given number according to the Luhn algorithm, and validating a given number using the Luhn algorithm.

Example of an EAN-13 barcode number

Courier & Delivery

What is the Barcode Generation Algorithm?

Barcode numbers are essential for the Courier system, since cards are distributed using the barcode number. So does the barcode number have a generation algorithm, or is it just randomly generated? The barcode number does have a generation algorithm.

Illustration representing a POS batch number counter

Merchant & POS

What Is a Batch Number?

The batch number is kept on the POS, incremented by 1 at each end of day, used to transfer transactions to the merchant account and for reconciliation. It's tracked on both the POS and the bank's system.