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Payment Systems
Official Gazette No. 32332 dated 07.10.2023 published the amending Regulation and Communiqué covering digital wallets, e-money, share transfers, cloud outsourcing, remote identity verification and card system choice.
FAST
With the Easy Address system, your mobile phone number has become more important. If you cancel your number, notify your bank as soon as possible, delete the outdated definitions and register your current information again.
Payment Systems
New-generation payment recording devices (ÖKC) now play an important role for businesses and sole proprietors. The Revenue Administration's site covers both the legislation and usage details.
Payment Systems
In POS applications and on the merchant side, we use the term Batch in a similar way to end of day. Every transaction made via POS is held under a batch number reported to the HOST at end of day.
Credit Card
A credit card is a printed card, or a card number with no physical form, that allows the purchase of goods and services or cash withdrawal without using cash. So how are credit card limits set and managed? Setting a limit involves checking many parameters about the customer.
Credit Card
A single BIN cannot be used to issue both a credit card and a debit card. If a bank offers both products, it has at least two different BINs, allocated and announced separately by card type.
ATM
ATMs are among the channels banks use most to serve customers. Besides being one of the most important channels, because they physically dispense cash and give access to a customer's account, many fraud cases occur at ATMs.
FAST
Yes. For example, a mobile phone number linked to an account as an Easy Address can be updated to an email address. The Easy Address system uses the most recently changed information and automatically deletes the previous one.
Payment Systems
After Russia invaded Ukraine, Visa and Mastercard suspended services for sanctioned Russian banks. This post explains the impact on cardholders and merchants, and Russia's MIR and UnionPay alternatives.
Credit Card
Card copying usually happens with magnetic stripe debit cards. As soon as you notice your card details have been copied, you can close the card, renew it or change its PIN.
Payment Systems
Contactless payment has greatly improved the user experience, yet its fixed transaction limit is a common complaint. Can this limit be managed dynamically per customer? This post covers the current situation, technical and regulatory requirements and the outlook.
Credit Card
A fraudster who has obtained someone's identity card, or produced a copy of it, applies for a card in the customer's name through various channels using that and the other requested documents.