Merchant & POS
What Is a PIN Pad Device?
A PIN pad lets cardholders safely enter their PIN during POS transactions and lets contactless cards be tapped to transfer card data to the POS. Here is how it works.
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"PIN pad"
13 articles found
Online & Authorization
Issuer Action Code (IAC)
These are codes that communicate the issuer's conditions for approving a transaction online (IAC-Online), for declining it (IAC-Denial), or for declining it when the terminal cannot go online (IAC-Default).
Merchant & POS
What is a Pin Entry Device (PED)?
Pin Entry Device is another name for the PIN pad device we all know and use daily. It makes it easier for users to enter their card PIN during POS transactions with credit or debit cards, and is used for contactless card reading...
HSM & Security
What is TPK (Terminal PIN Key)?
TPK stands for Terminal PIN Key. It is a data encryption key used to encrypt PINs for transmission between a terminal and the terminal's bank (acquirer) within a local network. Learn how TPK is used in POS and ATM devices.
Payment Systems
What is PCI PIN Transaction Security Point of Interaction?
PCI Point of Interaction (POI) was introduced to minimize risk in card transactions. PCI POI Security Requirements cover physical and logical security for both online and offline PIN entry devices (PED) and secure card readers.
ATM
What Is RKL (Remote Key Loading)?
RKL is the process of distributing a TMK (Terminal Master Key) to each terminal from a central point. It is used to remotely load keys onto POS and ATM devices, loading TMKs onto an ATM's keypad or activating them on a POS.
Merchant & POS
Is a Transaction Made by Swiping the Magnetic Stripe of a Chip Card Always a Fallback Transaction?
It's important to first distinguish between magnetic-stripe and fallback transactions. A magnetic-stripe transaction skips the chip entirely, which lowers its security level compared to a fallback transaction.
ISO 8583
ISO 8583 Field Descriptions (F22)
F22 - POINT OF SERVICE ENTRY MODE: This field holds how the transaction was performed via the POS/ATM and the PIN entry capability of the POS device. The first 2 digits show how the transaction was performed, and the last digit (shown as x) carries the POS's PIN entry capability. Numeric...
Merchant & POS
TVR (Terminal Verification Results)
Terminal Verification Results (TVR): a sequence of bits produced when a terminal reads an EMV card, based on logical checks such as an expired card. This data object is used to decide whether a payment transaction should be accepted online, declined, or allowed to proceed.
Credit Card
What is the Service Code on Cards?
The service code is information printed on a card's Track 1 and Track 2 data, covering card type, PIN usage, and domestic/international usage status. It is kept at the product level in bank systems.
Credit Card
Credit Card/Debit Card Fraud
Credit card fraud is generally committed using the card itself, using card details without the card, via excess or duplicate withdrawals, or by seizing identity information. ATM card trapping is common, since ATMs hold the card during the transaction.
Security
What is SCRW (Smart Card Reader Writer)?
SCRW (Smart Card Reader Writer) can be translated as Smart Card Reader/Writer. Smart chip card readers are sophisticated devices with built-in intelligence, usable in PCs, laptops, servers, smartphones, and set-top boxes.