Merchant & POS
What Is Pre-Authorization Closing?
Pre-authorization closing turns a pre-authorized transaction into a financial one, posting it to the merchant and cardholder accounts. See how amounts and available limit are affected.
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158 articles found
Merchant & POS
What Is a Payment Facilitator (PF)?
A Payment Facilitator (PF) is a licensed payment institution that lets merchants accept card payments without applying to banks directly. Learn how it works.
Payment Systems
What Are 200 and 210 Messages Used For?
Message 200 is generated for transactions initiated from POS applications, and the acquiring bank responds with message 210. Learn how 100/110 messages route approvals via the issuing bank, and common rejection reasons.
Credit Card
What Is a Card's First Transaction Date? What Is It Used For?
Banks generally keep a record in the system of a card's "First Transaction Date." This information is automatically populated by the online authorization system. So under what circumstances is it updated? First, an authorization transaction must…
Credit Card
What Is a Card Expiration Date?
What is a card expiration date? Learn why banks print this date on every card, how it's used in purchases, and what happens once it passes.
Online & Authorization
What Should We Do to Increase Our Security When Shopping Online?
Online transactions grow every day in both number and volume, and so does the risk of fraud. Here are practical steps cardholders can take to shop online more safely.
Credit Card
How Should We Interpret the Payment Systems Data for the First Half of 2019?
Payment systems statistics are reported periodically by the Interbank Card Center (BKM), including total card count, total card turnover, and the growth trend of the card world in the period.
Payment Institutions & E-Money
We Collect Online Payments for Merchants Through Our Own Virtual POS and Pay Them Out Later. Is This a Payment Service, and Do We Need a License?
A company that collects online payments through its own virtual POS and pays merchants on agreed dates is providing a payment service, and it needs a license from the Board unless an exemption applies.
Debit Card
Can Mail Order transactions be done with debit cards?
Debit cards and prepaid cards are generally closed to Mail Order transactions. The same usually applies to Non-3D (non-3D Secure) online transactions, which banks keep disabled by default to limit fraud risk.
3D Secure
Isbank becomes the first Visa member in Europe to adopt 3D Secure 2.0
Isbank (Turkiye Is Bankasi) has completed Europe's first migration to EMV 3D Secure 2.0, the current version of the 3D Secure authentication infrastructure used to verify cardholders in online card purchases. Deputy General Manager...
E-commerce
What is Online Payment?
Making payments over the internet using a card is called online payment. Learn what online payment systems are used for and what happens behind an online transaction, from the payment gateway to the issuing bank.
Payment Systems
How Many Contactless Transactions Can I Make With My Card in a Day?
The number of consecutive transactions you can make with your card in a day is set by the bank or institution that issued it. For details, contact the customer service of the bank or institution that issued your contactless card.