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Diagram of an ATM shutter mechanism for cash deposit and withdrawal

ATM

What is an ATM Shutter?

The shutter can be described as the gate mechanism that prevents financial loss during ATM cash deposit and withdrawal transactions by controlling customer access to cash and preventing tampering with the ATM system.

PIN try counter on chip cards

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.

Bank ATM machine illustrating the difference between onsite and offsite ATM locations

Merchant & POS

What Are Onsite/Offsite ATMs?

ATMs, which once only let customers withdraw cash from their accounts, have now turned into a channel where almost all branch transactions can be performed, and these functions keep growing year after year. So, are there different types of ATMs...

Apple Card and Apple Pay announcement graphic from Apple's Special Event

Credit Card

Apple Is Rewriting the Card World...

Most of us remember the impact the first iPhone, introduced by Steve Jobs on January 9, 2007 and revolutionary for its time, had on our lives. In a similar way, a product that will completely change how we use and view credit cards...

BKM Express mobile payment application illustration

Credit Card

What is BKM Express?

What is BKM Express? BKM Express is a technical infrastructure solution developed by BKM that lets you pay securely for online purchases without sharing your card's full details. What are the advantages of BKM Express? To register your card you don't need to enter all…

POS payment terminal illustration

Credit Card

What is Dual Messaging?

When the card-issuing bank and the POS bank are different, first obtaining authorization and then running the clearing process to finalize the transaction is called Dual Messaging. So why is a dual message structure needed?

Diagram showing how an open authorization moves to a card statement after batch close and clearing

Credit Card

What Is an Open Authorization?

In credit card transactions made through a POS, receiving approval alone is not enough for the transaction to post to the card's statement period; settlement must also take place. The settlement period, known as the open-authorization waiting time, varies by transaction type.