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Banking
5 min

Business-to-business (B2B)

B2B (Business to Business) is a type of commercial activity where legal entities act as subjects of interaction. B2B is a market sector whose clients are not end users, but companies. An example of this type of activity can be called processing companies, the provision of advertising services, factories for the production of various goods. […]
Banking
5 min

BIN

Bank identification number (BIN) is a 4-6-digit digital sequence and is the identifier of the issuing bank or other financial institution. BIN is the link between the card and the bank that issued it. What does each BIN number mean? The first number on the card indicates the payment system that services the card. Visa […]
Banking
5 min

Bank Card

A bank card is a solution that makes it possible to access a bank account and conduct online transactions. The card is issued by any financial institution with the appropriate license. A distinction is made between credit cards, debit cards and prepaid cards. Prepaid card A prepaid card is issued with a certain fixed amount […]
Banking
5 min

Authorization

Bank card authorization is a confirmation that must be obtained from the issuing bank, most often through a credit card processor. Authorization means checking that you have the necessary funds to complete a purchase. The definition of an authorization Authorization is one of the main processes when making a deal. After entering the payment details, […]
Banking
5 min

API

An application programming interface (API) is a set of functions that allows applications to interact with external software elements and access specific data, services, or operating systems. It is a type of communication between the system and the user. Four main request methods can be performed using the API: GET. Request for information; PUT. Used […]
Banking
5 min

Address Verification Service (AVS)

Address Verification Service is one of the most common methods of preventing online payment fraud. It is a solution that compares the billing address entered by the cardholder with the address stored at the issuing bank. After verification, the service sends a response code to the merchant, which indicates whether the address matches or not. […]
Banking
5 min

Acquirer

Acquirer is a bank that processes online transactions for credit, debit cards, cash, and alternative payments. What does acquiring banks do? The acquiring bank plays an important role in the financial sector. It is impossible to provide any online transaction without it. Once the user has entered credit card details on the site, the payment […]