ATM
Is It Possible to Withdraw Cash from ATMs with the New ID Cards?
Chip-based ID cards have made our identities more secure, so they can now be used in many critical transactions. Could they also be used in the world of payments, such as at ATMs?
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"bank regulation"
137 articles found
Credit Card
Why Was the Credit Card Minimum Payment Threshold Raised to TRY 100,000?
The BRSA raised the card limit threshold used to set the minimum payment rate from TRY 50,000 to TRY 100,000. This post explains what changed, why now, the short-term relief, the risk of carried-over balances, and which data to watch.
Credit Card
New Rule for Contactless Payments With Credit Cards
The BRSA has issued a new decision on contactless cards, instructing banks to require a PIN on the first contactless transaction to prevent cards from being used without the customer's knowledge.
Laws & Regulations
What Is the Law on the Protection of Competition?
The purpose of this Law is to protect competition by preventing agreements, decisions and practices that restrict competition in goods and services markets, and the abuse of dominance by dominant undertakings.
Payment Systems
Can Foreign Payment Institutions Operate in Türkiye?
All payment and electronic money institutions operating in Türkiye fall under the relevant regulation. A license from a foreign authority is not enough; a foreign institution must obtain a license from the Central Bank.
Payment Institutions & E-Money
Must a Bill Payment Institution Deposit Its 1 Million TL Collateral With the CBRT When Applying for a License?
No. When applying, you must document that the company has 1 million TL of paid-in capital, paid in cash and free of collusion. The collateral is deposited with the CBRT only if the Board grants the license.
ATM
What Must Banks Do for Visually Impaired Customers?
Banks must provide the infrastructure for ATM access by visually impaired customers. Among ATMs side by side or less than 50 meters apart, only one needs to comply; all other ATMs must serve visually impaired customers. Details of Article 7 are below.
Payment Systems
Agentic Commerce Series - Part 2
If users start describing their needs instead of searching for products, one of the internet economy's most fundamental habits could change.
Credit Card
Do I Pay an Extra Fee If I Exceed My Credit Card Limit?
If you exceed your limit by no more than 20% and close it in the next statement period, no more than twice a calendar year, only contractual interest is charged on the excess amount. You pay no additional fee.
Merchant & POS
Can a contact/contactless transaction be processed offline?
An offline transaction is one in which the card and POS terminal approve the transaction based on their own parameters, without contacting their banks. Whether contact or contactless, the device decides whether the transaction is processed offline.
Online & Authorization
Why Do Your Payments Fail? How Funds Confirmation APIs Solve It
You press the pay button and the screen says the transaction failed. Behind that failure are checks on your balance and transaction security. This post explains how funds confirmation APIs work, where they apply, and the situation in Turkey's open banking.
Payment Systems
Guide Published on Reporting Unauthorized Payment Service Providers to the CBRT
The CBRT has published a guide on reporting persons and institutions that provide payment services without authorization. Under Law No. 6493, offering such services outside the CBRT's published list of payment and e-money institutions is a criminal offense.