ATM
Transactions You Can Make at an ATM
Moving branch transactions to channels such as ATMs, internet banking and mobile banking lowers banking costs, so almost every transaction can now be done through them. Here is what ATMs offer.
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164 articles found
ATM
Is the Rumor About Entering Your PIN in Reverse at an ATM True?
One of the most important things to watch when using an ATM is PIN security. Since ATMs handle customers' cash transactions, it is no surprise they are prime targets for fraudsters.
Debit Card
Can a debit card (ATM card) be used for contactless transactions?
A contactless transaction is a fast, secure payment made between a chip card and a POS device without direct contact, without the card's chip or magnetic data being read through the card reader. Can this be done with a debit card (ATM card)?
Contactless
What is Magnetic Stripe Data (MSD)?
As end users, we have come to love contactless payments, which are becoming a bigger part of daily life. So what features let contactless cards make payments without touching the POS terminal? There are two classes: MSD cards and Contactless EMV cards.
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.
3D Secure
How is a transaction's 3D Secure level determined?
Especially with the growth of the internet, credit card transactions have started shifting from physical POS terminals to virtual POS terminals. In virtual transactions, the 3D Secure structure is used instead of the card PIN entered in physical transactions. So how is a transaction's…
HCE
Host Card Emulation (HCE) Offline Transaction Rules
The basic offline transaction rules applied in HCE transactions include the CVM limit for contactless payments, standby mode payments, and PIN entry requirements above the limit.
Credit Card
Can I withdraw cash from an ATM with my credit card?
You can withdraw cash from an ATM using your credit card by accessing your account. The prerequisite is that a current account must be linked to your card. If not, only limited functions are available.
ATM
Today Is the Anniversary of the ATM Entering Our Lives!
The first device that can truly be called an ATM was produced by De La Rue for Barclays Bank and put into service in Enfield, London, on 27 June 1967. The ATM came to Türkiye in 1982.
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.
ATM
Depositing Money with a QR Code
Many banks now let customers deposit cash by scanning a QR code with their mobile banking app instead of inserting a card at the ATM. This speeds up the transaction, reduces card skimming risk, and adds an extra layer of security through in-app verification.
ATM
What is Escrow?
Escrow acts as a kind of insurance policy in ATM transactions. A third party ensures that the terms of an agreement are met and that money (or other assets) changes hands only once those terms are fulfilled.