Lukas KorenackainPayment SprintISO FieldsISO stands for International Organisation for Standardisation. This is a non-governmental organization headquartered in Switzerland which…Oct 4, 20191Oct 4, 20191
Lukas KorenackainPayment SprintBIN (Bank identification number)BIN stands for Bank Identification Number (4–6 digit number) which is used to identify the issuing bank. The BIN is used by payment…Sep 24, 2019Sep 24, 2019
Lukas KorenackainPayment SprintPIN TranslationThis topic is probably one of the most confusing ones within payments simply because PIN translation is a form of encryption. The…Sep 19, 20191Sep 19, 20191
Lukas KorenackainPayment SprintAmazon is testing hand-scanning paymentsRecently the New York Post reported that Amazon is testing a new in-store payment technology for their WholeFoods grocery chain. The new…Sep 5, 2019Sep 5, 2019
Lukas KorenackainPayment SprintOFF-US vs. ON-US transThe process above is also called an OFF-US transaction because the acquiring bank and issuing bank are located on two separate networks…Sep 3, 20191Sep 3, 20191
Lukas KorenackainPayment SprintBasic card operation cycleThe first article will focus on a basic card operation cycle as it would happen in any retail store online or offline. Throughout this…Sep 3, 20191Sep 3, 20191
Lukas KorenackainDataDrivenInvestorBasic Payment Transaction ProcessI wanted to kick off my medium page with a very basic story on how payments work. There is plenty of information out there hence what you…Oct 31, 2018Oct 31, 2018