Credit Card
What Is Application Label?
A mandatory alphanumeric field, 1-16 characters, sent in tag 50 of EMV transactions, representing a name related to the card application's AID in the ADF.
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103 articles found
ATM
15 Interesting Facts About ATMs
Although we can now carry out almost all branch transactions at an ATM, for most of us an ATM is still just a machine for depositing and withdrawing cash. Today, without a card, we can use our phones to deposit and withdraw cash via QR code.
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 (F22)
F22 - POINT OF SERVICE ENTRY MODE: This field holds how the transaction was performed via the POS/ATM and the PIN entry capability of the POS device. The first 2 digits show how the transaction was performed, and the last digit (shown as x) carries the POS's PIN entry capability. Numeric...
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 is dCVV2?
Most of us are familiar with CVV2/CVC2 - the security code on the back of a card, usually three digits. So what is dCVV2? Here's how dynamic CVV technology works and why Visa introduced it for online payments.
ATM
What Are ATM Management Support Software Tools?
ATMs hold significant amounts of cash, are among banks' most important customer service points and are prone to faults, so they must be monitored from installation onward and acted on quickly.
Merchant & POS
What is VPOS (Virtual POS)?
VPOS (Virtual POS) is the software-based, security-enhanced equivalent of the physical POS devices used for card payments at merchants, used for purchases made over the internet. It is also known as Virtual POS. VPOS is not issued to individual customers.
Credit Card
What Is an Amex (American Express) Card?
Amex is short for American Express, a payment scheme like Mastercard, Visa, or TROY. Learn its history, what sets Amex cards apart, and whether every website accepts them.
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 Virtual POS?
Virtual POS is the software-based, security-enhanced equivalent of the physical POS devices used for card payments at merchants, designed for online shopping. It is not issued to individual customers, only to sole proprietorships, companies, or foundations and associations.
Merchant & POS
What is Address Verification Service (AVS)?
Address Verification Service (AVS) is a fraud prevention system that helps limit fraud and chargebacks when used effectively. It verifies that the address a customer enters matches the cardholder's address on file with the issuer.