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Showing posts with the label Credit cards domain

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PowerCurve for Beginners: A Comprehensive Guide

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PowerCurve is a complete suite of decision-making solutions that help businesses make efficient, data-driven decisions. Whether you're new to PowerCurve or want to understand its core concepts, this guide will introduce you to chief features, applications, and benefits. What is PowerCurve? PowerCurve is a decision management software developed by Experian that allows organizations to automate and optimize decision-making processes. It leverages data analytics, machine learning, and business rules to provide actionable insights for risk assessment, customer management, fraud detection, and more. Key Features of PowerCurve Data Integration – PowerCurve integrates with multiple data sources, including internal databases, third-party data providers, and cloud-based platforms. Automated Decisioning – The platform automates decision-making processes based on predefined rules and predictive models. Machine Learning & AI – PowerCurve utilizes advanced analytics and AI-driven models ...
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Tokenization: Vault based Vs Vault-less

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Tokenization means generating a random number as an alternative for a Credit card (PAN) number. The random number can be Numeric/Non-numeric. It is in such a format that others cannot decode it.    *** The popular tokenization server is the Vault server. It generates a random Token for each transaction customer made at Merchant outlets. You can find how card numbers are masked with junk characters in the pdf provided. Here is the  Visa Security Tokenization Pdf. Two Top Tokenization Servers. Vault based server Vault-less server What is Tokenization? 1. Vault based server It stores a  Card number (PAN) and a Token  in a Table of the Teradata database as Key and value pairs. Due to the growing volume of transactions, the handling of the database became a big challenge for acquirers.  For each transaction, the vault server stores a record. That row contains both the Credit card number and its Token. When you use the same card multiple times, it gener...
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Payment Cards Complete List

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In this post, I have shared top payment cards, which are alternatives to money. The list is Credit, Debit, Fleet, Co-branded, Contactless cards.   Types of Plastic cards Many plastic cards are present to carry out financial transactions. The purpose is to buy items within the limit prescribed by banks to the cardholder. Two types of cards in this category are Magnetic-stripe and Chip cards. Credit cards In today's world, all banks issue credit cards with CHIP and PIN. After entering the PIN by the cardholder, the transaction kicks in for further processing. Types of Credit cards Security deposited cards: The cardholder should pay some front money to get this type of card. When the cardholder goes unpaid, then the card issuer pay from it. Credit Union Cards : The private Credit Union owners issue these cards. They usually charge less than what banks will. Pre-paid cards: They technically equal to Debit cards. They pre-loaded with a certain amount. You can use the cards unt...
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