In the world of payment systems, just as credit cards are an indispensable product, a payment scheme is indispensable for credit cards too.
When a credit card product is launched, it is first decided which scheme it will be issued under. A BIN number is obtained by contacting the relevant payment scheme company. After the necessary certifications, the cards are made available to customers.
The card scheme is the logo located in the lower right corner of a credit card.
What are the payment schemes?
There are two types of payment schemes: national and international.
Our National Payment Scheme: TROY.
International Payment Schemes:
- AMERICAN EXPRESS,
- DISCOVER FINANCIAL SERVICES,
- JCB, MASTERCARD,
- UNIONPAY INTERNATIONAL,
- VISA.
TROY
- It takes its name from the initials of the Turkish slogan “Turkiye'nin Odeme Yontemi” (“Turkey's Payment Method”).
- It is a national brand, 100% Turkish-made.
- The card system and its operation are run in Turkey by BKM (the Interbank Card Center).
- TROY-branded cards can also be used abroad as a result of a partnership with Discover Financial Services.
Visa
Visa is a global payment technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and regions through fast, secure, and reliable electronic payments. Visa's innovations enable financial institutions to offer consumers more choices.
Mastercard
Mastercard is an international payment and technology company. It operates by connecting consumers, financial institutions, merchants, and businesses in more than 210 countries and regions. Through its products and solutions, Mastercard makes everyday commercial activities such as shopping, travel, business, and financial management more secure.
American Express
American Express is a global service company that provides its customers with products, insights, and experiences that enrich their lives and help them succeed in business. Since 1997, American Express has partnered with a select group of leading banks and financial institutions in various regions around the world to bring American Express-branded products to market, and has added representatives to its merchant network. Its partner in Turkey is T. Garanti Bankasi A.S.
Discover Financial Services (DFS)
Discover Financial Services is one of the brands in the US financial services industry operating in direct banking and payment systems, and it was founded in 1986. In addition to issuing Discover-branded cards, which pioneered cash-back rewards in America, Discover Financial Services also offers banking services such as private student loans, personal loans, home loans, checking and savings accounts, and certificates of deposit through direct banking. It operates the Discover Network, which has millions of cash access points. The PULSE network, one of the country's ATM networks, and Diners Club International, a global payment network accepted in more than 185 countries and regions, are also part of this network.
JCB
JCB, the first “international” credit card brand based in Asia, has been working to become an accepted card brand since 1981. While maintaining its independence through high-quality products and services, JCB continues to position itself as a globally recognized brand that meets the diverse needs of its customers. JCB is accepted in 190 countries and regions, through roughly 20 affiliates and overseas representative offices, by more than 350 business partners worldwide.
UnionPay International
UnionPay International (UPI) is a subsidiary of China UnionPay established in November 2012. Together with more than 1,000 institutions worldwide, UPI provides international card acceptance in 160 countries and card issuance in more than 40 countries and regions. While providing high-quality, cost-effective, and secure cross-border payment services, it offers local services that provide convenience for cardholders and merchants, giving it a steadily growing cardholder base.
