Acquiring Card Payments

This book delves into the essential concepts and technologies of acquiring systems. It fills the gap left by manuals and standards and provides practical knowledge and insight that allow engineers to navigate systems as well as the massive tomes containing standards and manuals. Dedicated to card acquiring exclusively, the book covers: Payment cards and protocols EMV contact chip and contactless transactions Disputes, arbitration, and compliance Data security standards in the payment card industry Validation algorithms Code tables Basic cryptography Pin block formats and algorithms When necessary the book discusses issuer-side features or standards insomuch as they are required for the sake of completeness. For example, protocols such as EMV 3-D Secure are not covered to the last exhaustive detail. Instead, this book provides an overview, justification, and logic behind each message of the protocol and leaves the task of listing all fields and their formats to the standard document itself. The chapter on EMV contact transactions is comprehensive to fully explain this complex topic in order to provide a basis for understanding EMV contactless transaction. A guide to behind-the-scenes business processes, relevant industry standards, best practices, and cryptographic algorithms, Acquiring Card Payments covers the essentials so readers can master the standards and latest developments of card payment systems and technology

SECTION I. PAYMENT CARDS AND PROTOCOLS Chapter 1. Overview of Card Payments IndustryChapter 2. Payment Flow and Basics of TechnologyChapter 3. Payment Services and ProtocolsSECTION II. CARD-NOT-PRESENT ENVIRONMENT Chapter 4. Card-Not-Present Environment SECTION III. CARD-PRESENT ENVIRONMENT Chapter 5. Contact Chip TransactionsChapter 6. EMV Contactless TransactionsSECTION IV. OTHER PROCESSES AND STANDARDS Chapter 7. Disputes, Arbitration and ComplianceChapter 8. Data Security Standards in Payment Card IndustryChapter 9. Other Payment MethodsSECTION V. ALGORITHMS AND ENCODINGS Chapter 10. Validation AlgorithmsChapter 11. Code TablesChapter 12. Cryptography 101Chapter 13. PIN Block Formats and Algorithms

Ilya Dubinsky has 20 years of experience in the software industry. He is the Head of the CTO Office in Credorax, a cross-border acquiring bank in the European Union. He defines the technological roadmap of the company, manages its IP portfolio, and guides participation in international standard bodies. He also leads in-house technology research, publishes whitepapers, and writes a blog for the Israeli economic newspaper, The Marker. Dubinsky participates in global groups and bodies, including The Berlin Group Banking Industry Standards Initiative, the Payment Services User Group of Bank of Malta, and the Fintech Forum of Bank of Israel. Capitalizing on his years of experience in software development, product, and project management in telecom and finance industries, he teaches a fin-tech class at Holon Institute of Technology and oversees joint research projects with Tel Aviv University.