E-commerce
What Is BOPIS?
BOPIS, short for 'Buy online pickup in-store' and also known as click and collect, means buying online and picking up the order at a store. Learn how it works, who can offer it and which companies in Turkey already do.
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72 articles found
Merchant & POS
What is a 3D Secure transaction?
In e-commerce transactions, the system developed to increase transaction security for payments made with credit and debit cards is called 3D Secure. When paying with 3D Secure, a special payment screen provided by the banks appears on the user's screen.
Payment Systems
What are Account Information Service Providers?
Digital Account Checking underpins many innovative banking and FinTech services. In most cases, it is performed by Account Information Service Providers, which supply data from customers' online bank accounts to other banks and third-party providers.
E-commerce
What Is Amazon PayCode?
Amazon PayCode is a payment option that lets customers pay for Amazon orders in cash: after checkout they receive a code and pay at a participating Western Union agent location.
Closed-Loop Payments
Alipay: Payment System or Digital Economy? | Closed-Loop Payments #5
Is Alipay a payment system, or a digital economy? In the previous post we discussed how Starbucks shows that payment systems can evolve into a different structure. At first the goal was to make payment easier for the customer. As the system grew, loyalty programs...
HSM & Security
What is RSA (Rivest, Shamir, Adleman) Key?
RSA, first used by Rivest, Shamir and Adleman, is a security algorithm used in digital cryptography. RSA differs from older symmetric algorithms because it enables digital signing and advanced encryption for e-commerce systems and high-profile institutions.
Payment Systems
What Is a Brick and Mortar Bank?
“Brick and mortar” refers to a business's physical presence in a building. In banking, it describes the traditional branch-based model of face-to-face contact between bank and customer.
Payment Systems
What is Store and Forward (SAF)?
Store and Forward (SAF) describes offline transaction processing. It was originally developed when modems were introduced and connections were not always stable, letting terminals store transactions and forward them once connectivity is restored.
E-commerce
What Is Dropshipping (Selling Without Stock)?
Dropshipping is an e-commerce model in which products are sold to customers directly from a supplier, without holding stock. Instead of stocking goods, the seller buys from a third-party provider on demand and has it shipped straight to the customer.
E-commerce
What Is B2C (Business to Consumer)?
B2C stands for Business to Consumer and refers to producers selling their products to consumers online. It is the most widely used and best-known business model in e-commerce.
Merchant & POS
How Are Taxation and the Tax Base Determined for Payment Services Related to E-Money Issuance?
When payment and e-money institutions were first set up, their commissions were subject to VAT, but BSMV was also debated. General Communiqué on Expenditure Taxes (Serial No: 91) settled the issue; here is how the tax base is determined.
Payment System Institutions
What is EPI (European Payments Initiative)?
The European Payments Initiative (EPI), formerly known as PEPSI, is an ECB-backed payment integration initiative aiming to build a pan-European payment system and interbank network to rival Mastercard and Visa. Its founding members include BBVA, BNP Paribas, CaixaBank, Commerzbank and others.