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Online & Authorization
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.
Merchant & POS
Whether a card is required for a pre-authorization transaction depends on the type of POS used. On a physical POS, the card must be swiped or inserted to start the transaction. On a virtual POS, entering the card details manually is enough.
Credit Card
To pay in installments with a credit card, the card and the POS usually need to belong to the same bank (on-us) or to the same card program. Otherwise, only single payments are possible.
EMV
DAC is the abbreviation for Data Authentication Code. It is a piece of data assigned by the issuer and held by the terminal during the Signed Static Application Data verification process.
Credit Card
Banks set two payment amounts for a credit card: the minimum payment and the statement balance. Here is what the minimum payment is, and what happens when you pay only the minimum or less.
Credit Card
A credit card is one of the most important payment tools in our lives. Of course, certain criteria must be met to be eligible for one. So what are the minimum requirements for getting a credit card?
Merchant & POS
Partial Authorization lets an issuer approve part of a transaction instead of declining it when the balance or limit is insufficient. This post covers how it works in ISO 8583, whether it is mandatory, and why it matters for the business.
Payment Systems
Every payment transaction completes in seconds, yet dozens of controls run behind the scenes. This post covers the precautions for authorization and clearing, the critical role of reversals, and the financial loss scenarios most often seen in the field.
Credit Card
Card security is critical in card payment systems. Chip&Pin curbed much fraud, but gaps remain. Cornercard, Gemalto and Visa launched Switzerland's first credit card with a built-in fingerprint reader. Here is how it works.
Payment Systems
The biggest benefit of contactless payment is completing small transactions quickly. You can pay purchases under 350 TL without a PIN, while purchases above 350 TL require your card PIN.
Credit Card
A credit card is one of the most important payment tools in our lives, which is why keeping it secure is extremely important. So how do we secure a credit card? The most important security measure is the card PIN.
Merchant & POS
Per BKM data, 3 in 5 merchants accept contactless payments and 1 in 10 credit card transactions is contactless. From 1 August 2019, contactless payments by card or mobile device are allowed without a PIN up to 120 TL.