Security
What Is a Secure Card Reader for PIN (SCRP)?
A Secure Card Reader for PIN (SCRP) is a multi-function card reader that turns any iOS, Android or Windows device into a payment terminal able to accept chip and contactless payments with PIN.
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"Payment Methods"
144 articles found
Debit Card
Features of Mifare Cards
We previously explained detailed information about Mifare cards at the link below: https://unalarif.com/yazi/mifare-kart-nedir/ Now let's list the technical features of Mifare cards.
Credit Card
What Happens If I Don't Pay the Minimum Payment on My Credit Card by the Due Date?
If you miss the minimum payment three times in a calendar year, your card is closed to cash use; if you miss it three times in a row, it is closed to both cash use and purchases until the full debt is paid.
Laws & Regulations
Communiqué on Maximum Interest Rates Applicable to Credit Card Transactions published
A rule-based method has been adopted for setting the maximum interest rates on credit card transactions, using a reference rate based on banks' weighted average deposit rates plus 55 basis points. This post summarizes the method and the rates effective 1 November 2020.
FAST
What Are the Differences Between FAST and EFT?
Until the FAST system was introduced, money transfers were made through the EFT structure. Due to evolving technology and changing customer expectations, a new structure called FAST was introduced. So what are the differences between EFT and FAST?
Clearing
What Are Clearing and Settlement?
Clearing: the transmission of transfer orders sent to the system, mediating their mutual delivery, obtaining authorization prior to settlement in some systems, and netting payment orders.
Security
What Is 3D Secure 2.0?
Before 3D Secure 2.0, let's explain what 3D Secure is. 3D Secure is a two-layer payment authentication system that protects both the cardholder and the merchant in online payments. First released by Visa in 1999, it was later adopted by other card schemes…
Laws & Regulations
What are the regulations and legal obligations of payment institutions?
A payment institution is a legal entity that provides payment services for electronic payments through the infrastructure it offers. This article covers the Turkish regulatory framework, licensing, safeguarding, supervision, penalties and taxation.
Merchant & POS
What Is a POS (Point of Sale)?
Virtual or electronic authorization devices connected to a bank, used by merchants to accept card payments. The term comes from the English phrase Point of Sale. Covers POS types by communication method, their advantages, who can use one, and the transactions a POS can perform.
Credit Card
What is PSE (Payment System Environment)?
PSE (Payment System Environment) is a directory on the card named 1PAY.SYS.DDF01 for a contact chip and 2PAY.SYS.DDF01 for a contactless chip. The Candidate List built via PSE is called indirect or implicit Application Selection.
E-commerce
Tips to Improve Conversion on Payment Pages
Online shopping has become the norm, and a well-optimized payment page is one of the best ways to win customers back. This post shares 13 practical tips for reducing cart abandonment and increasing conversions on your e-commerce site.
Clearing
What Is Netting in the Clearing System?
In payment systems, a transaction made at a merchant or ATM with a card issued by a different bank becomes subject to clearing. Netting offsets each participant's receivables and payables from these transactions into a single balance.