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Chargeback
A chargeback is the process of refunding an amount back to a credit card when goods or services paid for are not received, or when transactions not carried out by the cardholder are identified. It is translated into Turkish as reverse presentment.
Credit Card
A combo card is a next-generation card that combines both a credit card and a debit card on a single card. Although designs vary visually, the front typically carries the credit card information and the back the debit card information.
Chargeback
Arbitration, by definition, is a dispute resolution method in which disputes are settled by arbitrators the parties choose themselves, rather than by official courts. In payment systems, it follows a chargeback when the issuer and acquirer cannot agree.
Credit Card
A look at the Union Bank RuPay combo card, an unusual design with two chips, two card numbers, two CVV2 values, two magnetic stripes, and two payment schemes combining credit and debit card functions.
ATM
Suppose you are a newly established bank, wanting to offer customers all your products and services. Of course, this is not easy. First, the Bank's OnUs transaction processing step must run successfully before other banks' cards can be accepted at the ATMs.
Chargeback
The MasterCard and Visa chargeback reason codes that always, sometimes or never require a draft retrieval before a chargeback, with their descriptions. Includes Visa codes such as 60, 75, 79 and 81 and MasterCard codes 4801 and 4802.
Credit Card
Although debit cards and credit cards look similar in appearance, there are fundamental differences between them, from cash advances to installments and security.
Chargeback
A chargeback is the process of requesting that an amount paid by credit card be refunded, either because the goods or services paid for were not received, or because a transaction is identified as one the cardholder did not carry out.
Credit Card
There are around 65,000,000 credit cards in Turkey. By design, credit cards work by opening a line of credit, allowing spending against that limit, generating a statement based on spending, and having the customer pay the resulting debt.
HCE
Tokenization and digitization are two important terms in mobile payments that are easily confused and often used interchangeably. What is the difference between digitization and tokenization?
Payment Systems
In payment systems, an “appeal” is the process of objecting to the outcome of a transaction dispute. It is usually discussed alongside chargebacks, but it plays a critical role in interbank dispute resolution, when a party asks the card scheme to re-evaluate a concluded decision.
Online & Authorization
HCE lets a mobile device's operating system emulate the cards we use daily (credit, debit, gift cards, etc.) to make contactless payments via NFC. In other words, our phones behave like the cards we use for payments.