ATM
What is Escrow?
Escrow acts as a kind of insurance policy in ATM transactions. A third party ensures that the terms of an agreement are met and that money (or other assets) changes hands only once those terms are fulfilled.
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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.
Credit Card
What is the Statement Closing Date?
Credit cards have replaced cash in daily life. Although preferred for installments and reward points, they offer many benefits when used correctly, but uncontrolled spending and late payments can cause serious problems.
Merchant & POS
With the Latest Agreement, Which Bank Became Turkey's Biggest Card-Accepting Bank?
Isbank, a leading player in accepting payments from abroad in Turkey, has started accepting Discover and Diners Club cards via an agreement with Discover Financial Services, making it the bank accepting the most card brands in the country.
Merchant & POS
Contactless Transaction Limit Raised to 120 TL
Per BKM data, 3 in 5 merchants accept contactless payments and 1 in 10 credit card transactions is contactless. From 1 August 2019, contactless payments by card or mobile device are allowed without a PIN up to 120 TL.
Credit Card
How Should We Interpret the Payment Systems Data for the First Half of 2019?
Payment systems statistics are reported periodically by the Interbank Card Center (BKM), including total card count, total card turnover, and the growth trend of the card world in the period.
Credit Card
What should be considered when setting a card PIN?
A credit card is one of the most important payment tools in our lives, which is why keeping it secure is extremely important. So how do we secure a credit card? The most important security measure is the card PIN.
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.
Merchant & POS
What does Onus mean?
In the payment systems glossary, some terms are essential, including Onus. Onus literally means "on us" and refers to cases where the card-issuing bank and the POS/ATM bank are the same, meaning no clearing commission applies.
Debit Card
Can a debit card (ATM card) be used for contactless transactions?
A contactless transaction is a fast, secure payment made between a chip card and a POS device without direct contact, without the card's chip or magnetic data being read through the card reader. Can this be done with a debit card (ATM card)?
Credit Card
What should you know before buying a prepaid card?
A prepaid card is a customized chip or chipless card that is not linked to a bank account and has no credit limit like a credit card. You can only spend up to the amount loaded onto the card.
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.