E-commerce
What is a marketplace?
A marketplace is an online payment platform where buyers and sellers come together, where products and services are listed for sale, and other operations are facilitated.
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Merchant & POS
What Is the EU Payment Services Directive 2 (PSD2)?
The EU Payment Services Directive 2 (PSD2) is the EU's payment services law. ÖDED translated it into Turkish, creating an important handbook for anyone wanting to invest or work in this area.
Credit Card
The Era of Card Payments in Schools
Prepaid cards have changed how families manage children's spending. The Manibux allowance app now serves schools with its K12 application, letting parents load separate allowance and canteen balances for their children.
Laws & Regulations
The Regulation on the Accessibility of Banking Services and What It Contains
The articles of the Regulation on the Accessibility of Banking Services are listed below. Published in the Official Gazette on 18 June 2016 (issue 29746), banks must strictly comply with them. PART ONE Purpose...
Credit Card
Tell me your BIN number and I'll tell you your card's family tree
BIN is short for Bank Identification Number: a unique, bank-specific number created under ISO/IEC 7812 standards that shows which bank a card belongs to. It is the first 6 digits of a card.
Debit Card
What Is a Stored Value Card?
A stored value card is a widely used card type today. Instead of being held in a financial system, the monetary balance is stored directly on the card, which has a special magnetic stripe recording important financial data such as the balance.
Credit Card
What is a prepaid card?
A prepaid card is a customized card, with or without a chip, not linked to a bank account and without a credit limit like credit cards, letting you spend only the amount loaded onto it.
ATM
What needs to be done to open ATMs to the use of all bank cards?
Suppose you are a newly established bank, wanting to offer customers all your products and services. Of course, this is not easy. First, the Bank's OnUs transaction processing step must run successfully before other banks' cards can be accepted at the ATMs.
Merchant & POS
What is the CAT (Cardholder Activated Terminal) Indicator?
CAT (Cardholder Activated Terminal) devices are typically unattended terminals that accept various payment cards. These terminals are frequently installed at railway ticket stations, gas stations, toll roads, parking lots, and other commercial locations.
Chargeback
What Are the Chargeback Reason Codes by Payment Scheme?
A chargeback is the process of requesting that an amount paid by credit card be refunded, either because the goods or services paid for were not received, or because a transaction is identified as one the cardholder did not carry out.
Merchant & POS
What Is a Merchant Termination List Check?
The termination list is a list, fed by all banks, containing merchants whose merchant agreements have been terminated by banks, together with the reasons for termination. This list is maintained by BKM and offered to banks as a service. Merchants request…
EMV
What is a Bank Identifier Code (BIC)?
BIC stands for Bank Identifier Code. It is the universal bank identification code used for automated processing in banking and related financial environments, identifying banks as specified by the ISO 9362 standard.