ATM
What Should We Pay Attention to When Using an ATM?
Because the ATM is the channel where customers physically handle cash, fraud cases happen there very often. Here are the precautions you can take to use ATMs safely.
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"business card"
125 articles found
Merchant & POS
What does POS brand and model mean?
Just like a car, a POS device has a brand and a model, for example Ingenico ICT220 or Ingenico ICT250. Each model differs from the others: some have a contactless reader while others may not, and screens, memory and features vary.
Credit Card
Which Cards Can Be Used for Pre-Authorization?
Pre-authorization reduces the merchant's risk by blocking part of the card's limit for a set period. Since a credit card has a defined limit, an amount can be blocked against it. ATM cards and prepaid debit cards have no such limit to block.
Merchant & POS
Key Points to Watch for in Recurring Payments
Winning customers is one of the most important things in business, but keeping them satisfied matters just as much. If you collect payments at regular intervals, such as monthly, these tips will help you improve the success rate of recurring collections.
Payment Systems
What Are Closed-Loop Payment Systems? The Hidden Side of the Payments World | Closed-Loop Payments #1
The Hidden Side of the Payments World. The words a person working in the payment systems industry hears most over a career are probably Visa, Mastercard, POS, debit card, virtual POS, acquiring and card issuing. Frankly, my own career did not unfold very differently from that journey...
Merchant & POS
POS and Payment Recording Device (OKC) Manufacturers and Providers in Turkey
There are many players in the POS and OKC (Payment Recording Device) market in Turkey. Some of these companies are foreign, while others are domestic. Let's get to know these companies: Ingenico, Verifone, Interpay (PAX), and more.
ISO 8583
ISO 8583 Field Descriptions (F18)
F18-MERCHANT TYPE: This is the merchant's category code (MCC) information. It must contain values from the Mastercard or Visa MCC Code list. It is a 4-digit numeric value. For ATM transactions, MCC code 6011 should be sent. The role of MCC in authorization...
Payment Systems
What is Store and Forward (SAF)?
Store and Forward (SAF) describes offline transaction processing. It was originally developed when modems were introduced and connections were not always stable, letting terminals store transactions and forward them once connectivity is restored.
Credit Card
What Is a Credit Card Statement?
There are around 65,000,000 credit cards in Turkey. By design, credit cards work by opening a line of credit, allowing spending against that limit, generating a statement based on spending, and having the customer pay the resulting debt.
Payment Systems
Which Devices Can I Pay From With the TR QR Code?
According to BKM's TR QR Code Technical Principles and Rules Guide for card payments, QR code payment structures apply to EFTPOS, shared EFTPOS, ÖKC, ATMs, payment provider apps, static QR codes and virtual POS.
Merchant & POS
What is Digital Payment?
Payments made over the internet are called digital payments. Card payments, cryptocurrency, and online banking transfers all fall within the scope of digital payment, along with mobile wallets and QR code payments.
Payment Systems
BRSA Publishes Draft Regulation Amending the Regulation on Debit Cards and Credit Cards
The BRSA has published a draft regulation amending the Regulation on Debit Cards and Credit Cards. It introduces the card scheme definition, a customer right to choose the card scheme, and an obligation for acquirers to define licensed schemes on merchant POS devices.