BKM, short for Interbank Card Center, is a legal entity established in 1990 with contributions from 13 public and private Turkish banks in order to provide clearing and settlement for credit cards and debit cards.
It is responsible for providing the clearing and settlement of bank card and credit card payments made between banks on each other's behalf through BKM. It has built a system within payment systems that supports making all kinds of payments or money transfers without the need to use cash.
Its objectives include carrying out clearing and offset operations, establishing card systems and building their infrastructure, acting as an arbitrator between the company's shareholders and the legal and real persons receiving services from the company, helping prevent fraud that may occur in payment systems and developing preventive methods, and carrying out advertising, promotion and communication activities.
It is a non-profit organization. One of its most important objectives is to make the transactions carried out between banks faster, lower-cost and more reliable. The Interbank Card Center's campaign spread through the "Bye Bye Nakit" (Bye Bye Cash) initiative, launched in 2011. This campaign explained the contributions of debit card usage to the government, trade, society and consumers. According to the latest research, the number of people using cash is rapidly decreasing. Non-cash payment methods have become the preferred choice.
It also offers products such as a nearest-ATM locator, contactless transactions, 3D Secure and NFC.
