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Payment Systems
The number of consecutive transactions you can make with your card in a day is set by the bank or institution that issued it. For details, contact the customer service of the bank or institution that issued your contactless card.
Payment Systems
BKM shares card payment data periodically. In 2020, the pandemic reshaped payment habits in Turkey: contactless and online payments surged and the total card payment amount grew 17 percent to TRY 1.15 trillion, with about 264 million cards in circulation.
Credit Card
While the use of physical cards and POS terminals is gradually declining, positive developments continue, such as the world's first wooden card, TreeCard, backed by the search engine Ecosia and aimed at reforesting the world.
Payment Systems
PCI Point of Interaction (POI) was introduced to minimize risk in card transactions. PCI POI Security Requirements cover physical and logical security for both online and offline PIN entry devices (PED) and secure card readers.
Payment System Institutions
UnionPay Online Payments (UPOP) lets merchants in China, New Zealand, Australia and other countries extend their e-commerce stores to accept UnionPay payments. UnionPay supports over 5 billion cards in more than 140 countries.
Payment Systems
mPOS is short for Mobile POS, a digital POS solution that enables payment acceptance via smartphones/tablets without a standard POS terminal. It is formed by combining a card reader with a mobile device such as a smartphone or tablet...
Online & Authorization
ISO/IEC 7816-5 defines how to use an application identifier to determine whether an application is present on a card and/or to retrieve the application on the card.
Merchant & POS
UnionPay International (UPI) is a China UnionPay subsidiary founded 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.
Fraud
According to the Banks Association of Turkey, a fictitious transaction is a collusive transaction made by misusing POS devices, debit cards, or credit cards. Banks that detect such transactions through merchants report them to the Banks Association of Turkey.
Merchant & POS
The EMV Level 1 standard refers to an important global payment industry specification defining the electrical and physical interface between credit and debit cards and the payment terminal (ATM/POS). The EMV Contactless Level 1 certification guarantees that the device…
Merchant & POS
A Credit Voucher (Refund Document) is a document issued by the merchant for the refund or cancellation of a good or service that a cardholder purchased using a credit card, or to correct an overcharge made by mistake.
EMV
The EXTERNAL AUTHENTICATE command asks the application inside the ICC whether it can verify the cryptogram, and the ICC returns the processing status. Below are the components of the External Authenticate command and what issuer authentication means.