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Infographic of BKM 2020 card payment statistics in Turkey

Payment Systems

BKM Announces 2020 Card Payment Data

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.

TreeCard wooden bank card made from sustainably sourced cherry wood

Credit Card

Can a card be made from wood?

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.

PIN pad device used for PCI PIN Transaction Security compliance

Payment Systems

What is PCI PIN Transaction Security Point of Interaction?

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.

UnionPay logo

Payment System Institutions

What is the UnionPay Online Payment System (UPOP)?

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.

mPOS mobile point-of-sale payment solution using a smartphone and card reader

Payment Systems

What is mPOS?

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...

ISO/IEC 7816-5 application identifier (AID) structure

Online & Authorization

What Is ISO/IEC 7816-5?

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.

UnionPay logo

Merchant & POS

What Is UnionPay?

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.

Illustration representing a fictitious POS transaction

Fraud

What Is a Fictitious Transaction?

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.

Diagram illustrating EMV Level 1, Level 2, and Level 3 certification stages for payment terminals

Merchant & POS

What Are EMV Level 1, Level 2, and Level 3 Certifications?

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…

Sample credit voucher (refund) document

Merchant & POS

What is a Credit Voucher (Refund Document)?

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.

Diagram showing the components of the External Authenticate command

EMV

What is the External Authenticate Command?

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.