Credit Card
What Is Post-Purchase Installment Conversion?
Post-purchase installment conversion lets credit card purchases and cash withdrawals be split into installments afterward for a fee. See the rules and limits banks apply.
Search
"Transaction Limit"
226 articles found
Payment Systems
What is the Card Type Information Used in the Visa System?
Card type information is used in card schemes such as MasterCard, Visa, and TROY. The card types and card type codes used in the Visa system include Credit, Prepaid, Debit, Deferred Debit, and Charge Card.
Merchant & POS
What Is Pre-Authorization Closing?
Pre-authorization closing turns a pre-authorized transaction into a financial one, posting it to the merchant and cardholder accounts. See how amounts and available limit are affected.
Credit Card
What are Credit Card Status Codes in Authorization?
Cases where authorization approval is declined have always puzzled cardholders. Whenever the response code requires contacting the issuing bank (usually for declined transactions), the date, amount, and response code of the failed transaction become very important.
Debit Card
Can Mail Order transactions be done with debit cards?
Debit cards and prepaid cards are generally closed to Mail Order transactions. The same usually applies to Non-3D (non-3D Secure) online transactions, which banks keep disabled by default to limit fraud risk.
Merchant & POS
If the Card-Issuing Bank and Merchant Bank Are the Same in a Transaction, Does It Go Through Clearing?
For a transaction to go through clearing, the card-issuing bank and the merchant bank must be different. If they are the same, the transaction is not subject to clearing and is processed directly by the bank.
Payment Institutions & E-Money
What Is a Payment Institution? Which Services Can It Provide Under Law No. 6493?
A payment institution is a legal entity authorized under the Law to provide and execute payment services. It must be a joint stock company meeting the conditions in Article 14 of Law No. 6493. This post sets out the services listed in Article 12 and the exclusions.
3D Secure
Isbank becomes the first Visa member in Europe to adopt 3D Secure 2.0
Isbank (Turkiye Is Bankasi) has completed Europe's first migration to EMV 3D Secure 2.0, the current version of the 3D Secure authentication infrastructure used to verify cardholders in online card purchases. Deputy General Manager...
Laws & Regulations
What Is the Regulation on Bank Cards and Credit Cards? What Does It Contain?
The purpose of the Regulation on Bank Cards and Credit Cards is to set the procedures and principles for issuing and using bank and credit cards and for the activities of institutions in the card payment system.
Agentic Commerce
Agentic Commerce Series – Part 1
The next customer on the internet may not be human. If AI agents become part of purchasing decisions, the rules of e-commerce, marketing, and payment systems could change.
Security
What is the First Credential-On-File transaction?
The first transaction made after a customer's card data is stored with a merchant is called the First Credential-On-File transaction. BKM expects it to be flagged with the value "C" in switch message field DE48.PDS86, and BRSA draft rules govern how card data may be stored.
Payment Systems
PIN-Free Contactless Payment Limit Rises to 2,500 TL
An official BRSA letter to banks announced an update to the PIN-free contactless payment limit. From January 15, 2026, contactless payments of up to 2,500 TL can be made without entering a PIN, up from the current 1,500 TL.