Merchant & POS
The POS Didn't Print a Slip After a Transaction. What Should You Do?
No slip printed after a POS transaction? Here's how to check whether the transaction actually went through and what steps to take if the receipt never came out.
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"POS terminals"
166 articles found
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.
Merchant & POS
Don't Dismiss the POS Receipt
In daily credit card purchases, the POS produces two receipts: the Customer Copy and the Merchant Copy. The cardholder gets the customer copy; the merchant keeps its own copy by law.
Payment Systems
Why Am I Getting an Error When I Try to Pay with a TR QR Code?
In payment or cash withdrawal transactions, the TR QR Code is generated by the POS or ATM. The card issuing bank must build its systems to read and act on this code. Errors usually stem from mishandling the long and short QR code flows, which are explained here.
Online & Authorization
What are EMV Tags?
In EMV, data is stored in Tag-Length-Value (TLV) format, and it is carried between the card, the POS terminal, and the authorization system in this same format. This post lists every EMV Tag, its type, and its description.
Merchant & POS
How should we interpret the new regulation on merchant commissions?
The Central Bank of the Republic of Turkey has capped the commission banks charge merchants on credit card purchases, effective for transactions after November 1, 2019. What does this mean for cardholders and banks?
Merchant & POS
What You Need to Know About Smart Cash Registers (OKC)
A smart cash register is a new-generation, IP-based payment recording device that integrates a cash register with a POS terminal. It combines fiscal devices and POS devices in a single unit and transmits data to the Ministry of Finance in real time.
Merchant & POS
What is Chip&Pin?
Chip&Pin, introduced in Turkey on March 31, 2006, is a payment method that greatly reduces the risks of card copying and loss or theft fraud. The chip on the card reduces copying risk, while the 4-digit PIN prevents unauthorized use of a lost card.
Merchant & POS
What is ISO 8583?
Introduction: When a card (credit card/debit card/prepaid card) is used at an ATM or POS, data must be carried securely between systems. For example, in a store sale, the POS initiates the transaction, which must reach the cardholder's bank intact.
Merchant & POS
Is a Transaction Made by Swiping the Magnetic Stripe of a Chip Card Always a Fallback Transaction?
It's important to first distinguish between magnetic-stripe and fallback transactions. A magnetic-stripe transaction skips the chip entirely, which lowers its security level compared to a fallback transaction.
ISO 8583
ISO 8583 Field Descriptions (F38)
DE 38 (AUTHORIZATION IDENTIFICATION RESPONSE) is the authorization code generated when a transaction is approved. It is alphanumeric, 6 characters long, and left empty for declined transactions.
Merchant & POS
What Is a Contactless Reader?
These are devices connected to a POS terminal that allow fast payments, up to a certain limit, using contactless credit cards or prepaid cards by tapping them on the contactless reader instead of the POS's card reader. Can every POS have a contactless reader attached?