About cards

The Dock platform enables the entity Card, an electronic payment solution that can be physical or digital.

The card allows people to make payments for a face-to-face purchase in brick-and-mortar stores, online, e-commerce, and even cash withdrawals at ATMs.


Getting to know the card

FIG: Sample of a card and its attributesFIG: Sample of a card and its attributes

FIG: Sample of a card and its attributes

A - Chip: It stores the information that is necessary to make the transaction more securely than the magnetic strip does.

B – Contactless symbol: This symbol indicates that the card is able to make payments in a contactless way and by approximating to the payment terminal (not only by inserting it).

C – Magnetic strip: It also stores the information that is necessary to make a transaction, but not as securely as the chip, which supports cryptographic functions.

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Tip

The Dock platform enables the issuer to block transactions made via the card’s magnetic strip by using the feature Multicontrol function.

D – Card Security Code (CSC) or Card Verification Value (CVV): This is the security code for the card, composed of 3-4 digits usually located behind it. It is commonly used in online shopping to validate a card, since the password is never required.

E – Cardholder name: The name of the card owner is usually printed on cards. However, you can create nameless cards, which enable the card to be printed without the owner’s name.

F – Card number: The cards are identified by a set of numbers, known as PAN (Primary Account Number). Such set follows the standard established by the regulation ISO/IEC 7812. It is read from left to right and composed of:

  • Bank Identification Number (BIN) or Institution Identification Number (IIN): The first 4-8 digits of the card. It’s the identification number of the institution that has issued the card;
  • BIN range: The 3 digits after BIN. It indicates the range of card numbers a BIN can issue;
  • Individual account identifier: Variable number that identifies the individual account at the card printing company.
  • Verification number: This is the last digit of the card number. It is generated by an algorithm called “Luhn Algorithm” or “Luhn Formula”, which calculates the digit in order to avoid errors when generating the number.

G – Card expiration: All cards have an expiration date. After that, it becomes invalid, and you’ll need to request a new one. Such method is used to ensure the owner’s details are up to date and the security of the card, since the expiration date is also used to confirm purchases on e-commerce.

H – Issuer’s logo / Card brand: All printed cards have the issuer’s logo/card brand that is responsible for the issuing.


Branded and private label cards

Issuers are able to market branded or private label cards.

Private label cards are credit cards that are commonly issued by a retailer and used in purchases restricted to their store chain. In general, they’re targeted to a specific audience that is mostly composed of the retailer’s existing customers.

Branded cards are issued by a company, but bearing brands such as Visa, Mastercard, and ELO. A brand provides licensing for using the logo to each one of the issuers and accreditors—showcased at the accredited establishments and printed on the respective cards. They enable settling events for the card use and the expansion of the accredited establishment network nationally and internationally.

The cards can be used in contact transactions (e.g. when you need to insert the card in a payment terminal) or contactless ones (e.g. when you don’t need to insert the card in a payment terminal).

For a contactless transaction, both the card and the payment terminal need to feature NFCNFC - It consists of wireless communication that works differently from Bluetooth and Wi-Fi, because it requires that both devices are brought together. Therefore, you can make payments and sell products or services by placing a smartphone featuring an NFC technology chip close to compatible equipment. (Near Field Communication) technology.


Physical and virtual cards

Physical cards can be inserted in payment terminals in a face-to-face purchase and withdrawal. They can also be used in online transactions; all its cardholder has to do is to inform the card details at checkout on the website.

Virtual cards can usually be generated via the card issuer’s app and be used exclusively in purchases on websites and other online services. It is a good option for these transactions, without the need to wait for the credit card to be mailed.


Contact and contactless devices

Cards can be used in contact transactions (when you need to insert the card in a payment terminal) and contactless ones (when you don’t need to insert the card, simply approximate it to a payment terminal).
For a contactless transaction, both the card and the payment terminal need to feature NFCNFC - It consists of wireless communication that works differently from Bluetooth and Wi-Fi, because it requires that both devices are brought together. Therefore, you can make payments and sell products or services by placing a smartphone featuring an NFC technology chip close to compatible equipment. (Near Field Communication) technology.

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Tip

The Dock platform allows the issuer to set parametrization related to contactless transactions, such as setting a maximum amount so that card is able to make contactless transactions without a password.

Get to know the feature Card Controls in the relevant section.


Card embossing process

The process of printing or stamping a certain card is commonly known as embossing in the industry. This process involves the entire printing, stamping sensible details in the chip and magnetic strip, such as the owner’s name and the card’s number and expiration date.


Card status

The Dock platform enables you to sort status for cards, such as:

  • Primary block;
  • Normal;
  • Blocked;
  • Cancelled;
  • Lost;
  • Stolen;
  • Invalid password;
  • Cancelled customer;
  • Cancelled bank;
  • Redirected;
  • Cancelled invalid embossing;
  • Suspected fraudulent card;
  • Sent back to sender;
  • Cardholder death;
  • Deactivated;
  • Expired;
  • Temporarily cancelled;
  • Permanently cancelled due to fraud;
  • Suspected fraud;
  • Block for prevention.

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