FAST
Where Can I Cancel a Defined Easy Address?
An Easy Address is defined through the channels of the bank holding the account. Likewise, an Easy Address can be cancelled and deleted through the channels of the bank where the account is held.
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FAST
What is the Easy Addressing System (KOLAS)?
The Easy Addressing System (KOLAS) is one of the layered services of FAST, the Central Bank's instant funds transfer system, developed and operated by BKM. It lets users send money via phone number or email instead of an IBAN.
FAST
What Is Easy Address (Kolay Adres)?
The Instant and Continuous Transfer of Funds (FAST) System lets customers send payment instructions 24/7 through bank systems, independent of EFT. This article explains what Easy Address is, how to register one and how transfers work.
Credit Card
Can My Credit Card Limit Be Increased Without My Permission?
The limit set when the card was issued cannot be increased without the cardholder's permission and approval. If you have instructed periodic limit increases, later increases take effect unless you object within fifteen days of being notified.
Payment System Institutions
What Is FAST (Instant and Continuous Transfer of Funds)?
FAST is the money transfer system announced by the Central Bank of the Republic of Türkiye in its press release of 12 November 2020 that makes 24/7 money transfers possible.
Laws & Regulations
CBRT Publishes Press Release on the Instant Payment System
In its press release of 12 November 2020, the Central Bank of the Republic of Türkiye announced that preparations had been completed to launch FAST, a new instant payment system.
Security
What is Check Out?
In online shopping, converting product browsing into a completed sale after a customer visits your site is just as critical. The amount of purchases abandoned due to friction in the online buying process often exceeds successful sales.
Online & Authorization
What are Commercial Off-the-Shelf Devices (COTS)?
Commercial off-the-shelf (COTS) products and services are ready-made, packaged solutions adapted to a purchasing organization's needs, rather than custom-built ones. In payment systems, COTS includes ready-made payment apps for phones and Android POS devices.
Online & Authorization
What Is Pay by Link?
Pay by link is an innovative financial solution that completes a payment through a link sent over the internet, making it possible to shop and transfer money through channels like WhatsApp and Instagram.
From My Readers
Is the Overdraft (KMH) Limit Sent Separately in Not-On-Us Transactions?
A reader asked why ATMs can't warn customers that a not-on-us withdrawal is using their overdraft. The short answer: BKM currently works only with the available limit, and banks include the overdraft in it.
From My Readers
Is there an SMS notification structure for Mail Order transactions?
I occasionally receive questions from my readers, and I answer them by email or through other channels. Since others may have similar questions, I will publish these questions on my site along with the answers. Hello Mr. Arif, I read your articles from time to time and...
Merchant & POS
What Is Secure Mobile Payment?
The Secure Mobile Payment System is a system permitted by the Ministry, operated under the Revenue Administration (GIB) Communiqué, for sales, payment and collection transactions and the electronic creation, transmission and retention of the related financial documents.