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.
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"transaction fraud"
115 articles found
FAST
FAST Limit Raised to 50,000 TL
The upper limit for FAST transactions, which enable fast money transfers between banks, was raised to 50,000 TL per transaction as of 21 December 2023.
Merchant & POS
What Is an Imprinter?
An imprinter is the name given to devices that transfer all the information embossed on a credit card onto a paper sales receipt. Before POS terminals, it was commonly used by merchants for authorization transactions.
Credit Card
What Is PIN (Personal Identification Number) Try Counter?
The PIN Try Counter is a value stored on the card's chip showing the number of remaining offline PIN attempts. Each incorrect offline PIN entry decreases it by 1, and it resets when the correct PIN is entered.
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.
Online & Authorization
What Should We Do to Increase Our Security When Shopping Online?
Online transactions grow every day in both number and volume, and so does the risk of fraud. Here are practical steps cardholders can take to shop online more safely.
Payment Systems
What Is an Appeal? What Does It Mean in Payment Systems?
In payment systems, an “appeal” is the process of objecting to the outcome of a transaction dispute. It is usually discussed alongside chargebacks, but it plays a critical role in interbank dispute resolution, when a party asks the card scheme to re-evaluate a concluded decision.
Credit Card
I can't use my card for e-commerce transactions. What could be the reason?
If you can't use your card for e-commerce transactions abroad, first check that e-commerce authorization is enabled, that 3D Secure has been set up, and that your bank's authorization system is active. The issue may also originate from the merchant's bank.
Credit Card
What are Credit Card Status Codes in Authorization?
Cases where authorization approval is declined have always puzzled cardholders. Whenever the response code requires contacting the issuing bank (usually for declined transactions), the date, amount, and response code of the failed transaction become very important.
Merchant & POS
What is a 3D Secure transaction?
In e-commerce transactions, the system developed to increase transaction security for payments made with credit and debit cards is called 3D Secure. When paying with 3D Secure, a special payment screen provided by the banks appears on the user's screen.
Credit Card
Contactless Payment Limit Is Being Raised
Current information: this post describes the limit that applied at the time of publication. According to a BRSA letter to banks, the PIN-free contactless transaction limit, raised to 750 TL in July 2022, will become 1500 TL from 1 July 2024.
Merchant & POS
What Is a Fallback Transaction?
When a chip can't be read due to a chip fault or the card being inserted incorrectly, the transaction is completed by swiping the magnetic stripe on the right side of the POS. Can chipless cards do fallback?