Credit Card
What Is Post-Purchase Installment Conversion?
Post-purchase installment conversion lets credit card purchases and cash withdrawals be split into installments afterward for a fee. See the rules and limits banks apply.
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"cash"
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ATM
What Must Banks Do for Visually Impaired Customers?
Banks must provide the infrastructure for ATM access by visually impaired customers. Among ATMs side by side or less than 50 meters apart, only one needs to comply; all other ATMs must serve visually impaired customers. Details of Article 7 are below.
Security
We're Calling From the Bank, Your Account Has Been Compromised...
Fraud cases where scammers pose as bank staff or other institution employees to obtain citizens' banking information have increased significantly recently. Interestingly, the new fraud trend closely mirrors the steps of a genuine banking procedure.
ATM
ATM Hacking Attacks Are on the Rise!
ATMs hold large amounts of cash, which keeps them in fraudsters' sights. Diebold Nixdorf and NCR report that jackpotting attacks have reached the United States. Here is what happened and what precautions can improve ATM security.
Fraud
Can a Contactless Transaction Be Made Without the Cardholder's Knowledge?
Contactless transactions have grown rapidly, but can a payment really be made from your wallet without your knowledge? Here is what the actual risks and safeguards look like.
ATM
Is the Rumor About Entering Your PIN in Reverse at an ATM True?
One of the most important things to watch when using an ATM is PIN security. Since ATMs handle customers' cash transactions, it is no surprise they are prime targets for fraudsters.
Merchant & POS
What Are Onsite/Offsite ATMs?
ATMs, which once only let customers withdraw cash from their accounts, have now turned into a channel where almost all branch transactions can be performed, and these functions keep growing year after year. So, are there different types of ATMs...
Credit Card
Physical or Virtual Credit Card: Which Do You Prefer?
Digitalization is reshaping payment systems. Credit cards are moving from physical plastic to virtual cards, e-wallets and mobile payments. Will physical card use disappear completely? Here is a look at the trends, Generation Z and the remaining gaps.
Merchant & POS
What is Application Usage Control (AUC)?
AUC (Application Usage Control) specifies restrictions that limit an application by geography or by specific transaction types. It is a 2-byte data element in Tag 9F07. If present, the terminal performs checks such as whether the transaction is at an ATM.
Merchant & POS
What Does a Restricted/Prohibited MCC Mean?
The MCC code, or Merchant Category Code, is a 4-digit code used to classify merchants. Some MCC codes are restricted or prohibited, and POS terminals or card transactions may be blocked when such a code is used.
Merchant & POS
What Is Early Hold Release?
Early Hold Release is a solution that allows merchants operating under a holdback arrangement to access their turnover held in the hold account when they need cash, before the holdback period ends. Merchants can work with banks under 3 different terms.
Fraud
Famous Hacker Caught After 8 Years
Recently the following news story appeared in the papers. Two things stood out: the hacker was a former banker, and the device he used to clone cards. In banking fraud, insiders who know the system's weak points can build schemes customers never notice.