Skip to content

Search

"Credit Cards"

350 articles found

Diagram comparing the refund and chargeback processes

Merchant & POS

Is There a Difference Between Refund and Chargeback?

Let's first look at chargeback and refund: a chargeback returns the amount paid to a credit card when goods or services are not received, or when transactions not made by the cardholder are detected.

Flowchart showing the chargeback dispute process between cardholder, issuer, and merchant

Chargeback

What is a chargeback?

A chargeback is the process of refunding an amount back to a credit card when goods or services paid for are not received, or when transactions not carried out by the cardholder are identified. It is translated into Turkish as reverse presentment.

Example of a POS transaction receipt (slip)

Merchant & POS

Don't Dismiss the POS Receipt

In daily credit card purchases, the POS produces two receipts: the Customer Copy and the Merchant Copy. The cardholder gets the customer copy; the merchant keeps its own copy by law.

Illustration of a payment card numbering structure under the ISO/IEC 7812 standard

Credit Card

What is ISO/IEC 7812?

ISO/IEC 7812 is a standard that primarily describes the card numbering system and the application and registration procedures. Identification cards, in physical or digital form, are an integral part of operations in many industries.

Illustration showing how a credit card's available limit is calculated from the card limit, current spending, and installments

Credit Card

What Is Available Limit?

Available limit is what remains of a credit card's limit after subtracting current spending and outstanding installments. See how it's calculated, with worked examples.

Barcode label used for courier card delivery

Courier & Delivery

What is a Barcode Number for Card Distribution?

Barcode numbers are used in many areas of payment systems, such as credit card statements and courier card distribution. This article focuses on the barcode used for courier delivery of cards.

Diagram showing membership types for Visa and Mastercard card schemes

Credit Card

How Many Types of Membership Are There by Card Scheme?

Banks must go through a costly, arduous process to issue cards (issuer) and accept cards (acquirer), paying high entry fees to international license providers and local organizations such as BKM.

Person reporting a stolen credit card to their bank

Credit Card

What should I do if my card is stolen?

If your card has been stolen: call your card's bank and close it with a Stolen status, check for transactions you don't recognize and dispute them, and update any automatic payment instructions tied to the old card.

PIN pad device connected to a POS terminal

Merchant & POS

What Is a PIN Pad Device?

A PIN pad lets cardholders safely enter their PIN during POS transactions and lets contactless cards be tapped to transfer card data to the POS. Here is how it works.

Card skimming device attached to an ATM card reader slot

Fraud

What Is Card Skimming?

Card skimming is the theft of card information by copying it with the help of a device. Because data inside the chip is very difficult to steal, chip cards are far more secure than magnetic-stripe cards. Turkey is very advanced in card security technology.