Search
174 articles found
Laws & Regulations
This communiqué regulates how payment and electronic money institutions manage their information systems, how authorized independent auditors audit them, and the data sharing services of payment service providers.
Merchant & POS
Partial Authorization lets an issuer approve part of a transaction instead of declining it when the balance or limit is insufficient. This post covers how it works in ISO 8583, whether it is mandatory, and why it matters for the business.
Agentic Commerce
Can AI Decide on Our Behalf? Letting an AI agent handle research can make life much easier. The real question is where that should stop, and how much decision-making authority we are ready to hand over.
Merchant & POS
A Collection POS is a secure, web-based payment platform through which businesses and institutions manage their collections and generate the reports they need. Many similar products exist on the market under different names.
ISO 8583
F90 - ORIGINAL DATA ELEMENTS: the data elements from an original message, designed to identify the transaction in correction or reversal transactions. Subfields: Original MTI, Original DE 11 (STAN), Original DE 7, Original DE 32, Original DE 33.
HSM & Security
In the world of payment systems, keys and their uses are important for transferring information from one place to another, storing information, and securing authorization and scripting steps. Key types are divided into six categories based on their purpose.
Credit Card
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.
Laws & Regulations
This communiqué sets the procedures and principles for managing the information systems payment and electronic money institutions use in their activities, and for their audit by authorized independent audit firms.
HCE
Tokenization generates secure data from a credit card number, using specific algorithms, for use during authorization. In CNP transactions, it removes the risk of storing or compromising the original card number.
Credit Card
First, your card must be enabled for e-commerce transactions, with domestic and international authorizations usually managed separately. Second, your card must be eligible for 3D Secure transactions.
Online & Authorization
Many fields are sent in the authorization message of a card transaction, one of the most important being the authorization code. On its own it is not enough; together with the STAN and transaction date, the transaction can be found directly.
Payment Systems
Open banking opens financial data, under the regulations and with the customer's explicit consent, to third-party service providers through standard APIs. The CBRT has published a guide on payment initiation and account information services, covering licensing and technical certification.