Credit Card
What Is a Card-to-Card Money Transfer?
Card-to-Card Money Transfer (CCMT) lets customers send money 24/7 from a credit, debit, or prepaid card to another card via ATM, internet banking, call center, or mobile app.
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"Card Fees"
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Credit Card
What Happens When a Product Is Launched Under a New BIN?
When banks launch a new card product, they can do it under an existing BIN or a new one. A new BIN requires much more work: BKM announces it, every bank defines it and every POS has to download it.
Clearing
What is Reimbursement Attribute?
DE03/Reimbursement Attribute carries the Reimbursement Value of a transaction. BKM uses this information as the basis for calculating interchange fees and charges between member banks.
Credit Card
Is Your Card Making Purchases Without Your Knowledge?
While reviewing your credit card statement, you suddenly notice a transaction you never made. What would you think? Is your card going shopping while you sleep? Let's look at how this can happen and what to do about it.
Credit Card
Instant Card Issuance vs. Bulk Card Printing: A Comparison
For customers to use credit or ATM cards, the cards must first be printed. Here are the advantages and disadvantages of instant issuance and bulk printing, the two methods banks prefer.
Laws & Regulations
What Is Law No. 5464 on Bank Cards and Credit Cards? What Does It Contain?
The purpose of Law No. 5464 on Bank Cards and Credit Cards is to ensure the card payment system works effectively by regulating the issuance and use of bank and credit cards and the related clearing and netting processes.
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.
ISO 8583
ISO 8583 Field Descriptions (F19)
F19 — Acquiring Institution Country Code: the country to which the location of the acquiring bank's device (ATM, POS, etc.) belongs.
Online & Authorization
What are A2A (Account-to-Account) Payments?
Account-to-account (A2A) payments can be described as making a payment by transferring money from one bank account to another. Though similar to wire transfer/EFT, combining the transfer with the payment creates a seamless experience.
Closed-Loop Payments
Is Starbucks Selling Coffee, or Building an Ecosystem? | Closed-Loop Payments #4
Is Starbucks really selling coffee, or building an ecosystem? Prepaid balances, a loyalty program and customer data turn a coffee chain's payments into a closed-loop economy, a very different model from Istanbulkart.
Security
How Can I Access the Fraud Detection and Prevention Methods in Banking Document?
The TBB book 'Fraud Detection and Prevention Methods in Banking' analyzes the types of fraud threatening the banking and finance sector and individuals, with examples from the world and Turkey, and offers protection recommendations. This post explains how to access it.
Credit Card
I Made an Installment Purchase With My Credit Card. Can I Close My Card Before the Installments Are Paid Off?
Yes. A credit card cancellation request cannot be refused on the grounds that there is an outstanding balance on the card, and no annual membership fee can be charged during the repayment period of a card cancelled this way.