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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"MasterCard"
123 articles found
Credit Card
Discover Cardholders Will Be Able to Use Their Points at PayPal Merchants
To issue a card, the necessary certifications must be obtained from brands such as MasterCard, Visa, Troy, and Discover, and the card must be made available for cardholder use. Banks aim to increase customer loyalty by running points programs and similar campaigns.
Credit Card
Card Companies Team Up for “One-Click Payment”
American Express, Discover, Visa and Mastercard have started working together on an infrastructure that lets leading US e-commerce sites accept one-click payments, so shoppers no longer need to type in all their card details.
Payment Systems
What Is PEPSI (The Pan-European Payment System Initiative)?
28 European banks have started working on a cashless payment system cooperation that would operate across Europe independently of existing international schemes such as Mastercard, Visa and Discover.
Credit Card
Can a Single BIN Issue Both Credit and Debit Cards?
A single BIN cannot be used to issue both a credit card and a debit card. If a bank offers both products, it has at least two different BINs, allocated and announced separately by card type.
Credit Card
Can Both Chip and Magnetic Stripe Cards Be Issued Under the Same BIN?
It may sound impossible at first, but it is technically possible: a bank can issue chip debit cards under the same BIN as its magnetic stripe cards, with the card scheme's approval.
Merchant & POS
With the Latest Agreement, Which Bank Became Turkey's Biggest Card-Accepting Bank?
Isbank, a leading player in accepting payments from abroad in Turkey, has started accepting Discover and Diners Club cards via an agreement with Discover Financial Services, making it the bank accepting the most card brands in the country.
Merchant & POS
A look at April 23 through the lens of digitalization and payment systems
Today is April 23, the 100th anniversary of the opening of the Grand National Assembly. Taking Children's Day as a starting point, this post looks at digitalization, Generation Z, blockchain, biometric payments and the cashless society from a payment systems perspective.
Merchant & POS
2 Turkish Banks Agreed to Accept the Mir Payment System
In Turkey, there are 3 payment schemes we are used to seeing: MasterCard, Visa, and Troy. American Express and Diners Club are also used, though less widely. Russia's Central Bank recently said two Turkish banks are preparing to accept Mir cards.
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…
EMV
What is the Registered Application Provider Identifier (RID)?
RID is part of the AID value, which is structured according to ISO/IEC 7816-5 and consists of two sections: a value specific to the application provider, and an optional field used to identify different providers or products.
Merchant & POS
How Digital Are You in Payment Systems?
Digitalization has brought major change to payment systems, just as it has to every area of our lives. Its biggest impact has been turning the financial world into something virtual, spanning IoT, mobile payments, blockchain and biometrics.