Online & Authorization
What is a Payment Gateway?
A payment gateway is the high-security connection banks provide for purchases made with a credit or debit card. Learn how it is set up and why it protects cardholder data.
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"debit card"
150 articles found
Merchant & POS
What Are the Benefits of a Virtual POS for Merchants?
A virtual POS is a payment platform that enables online payments by credit or debit card. Banks also give merchants interfaces for mail order, pre-authorization, cancellations and refunds.
Credit Card
What does credit card limit allocation mean?
A credit card is a card whose limit the bank sets after evaluating the customer against criteria such as income, payment history, and credit bureau score.
Merchant & POS
What is VPOS (Virtual POS)?
VPOS (Virtual POS) is the software-based, security-enhanced equivalent of the physical POS devices used for card payments at merchants, used for purchases made over the internet. It is also known as Virtual POS. VPOS is not issued to individual customers.
Merchant & POS
What Is Virtual POS?
Virtual POS is the software-based, security-enhanced equivalent of the physical POS devices used for card payments at merchants, designed for online shopping. It is not issued to individual customers, only to sole proprietorships, companies, or foundations and associations.
Laws & Regulations
What Is Law No. 7192 and What Does It Include?
Law No. 7192 amends certain articles of Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions. Announced on 22 November 2019, it entered into force on 01.01.2020.
Payment Systems
What Is a Fictitious Transaction? Do Merchants That Engage in Fictitious Transactions Share Common Characteristics?
According to the Banks Association of Turkey, collusive transactions that misuse POS devices, debit cards, or credit cards for purposes other than their intended use are called fictitious transactions - in short, transactions used outside their intended purpose.
E-commerce
What Is Payment by SMS?
Payment by SMS is a solution where the merchant sends the customer a link via SMS through an online collection system, and the customer pays by entering their debit or credit card details.
Fraud
What Is a Fictitious Transaction?
According to the Banks Association of Turkey, a fictitious transaction is a collusive transaction made by misusing POS devices, debit cards, or credit cards. Banks that detect such transactions through merchants report them to the Banks Association of Turkey.
Merchant & POS
What Is Card Storage?
Card storage is a system, secured with PCI DSS certification, for storing credit and debit card details safely. It saves consumers from entering their card details again and again on frequent purchases.
Payment Systems
What Are Closed-Loop Payment Systems? The Hidden Side of the Payments World | Closed-Loop Payments #1
The Hidden Side of the Payments World. The words a person working in the payment systems industry hears most over a career are probably Visa, Mastercard, POS, debit card, virtual POS, acquiring and card issuing. Frankly, my own career did not unfold very differently from that journey...
Credit Card
How Many Types of Membership Are There by Card Scheme?
Banks must go through a costly, arduous process to issue cards (issuer) and accept cards (acquirer), paying high entry fees to international license providers and local organizations such as BKM.