FAST
What Is the FAST Transaction Limit?
The limit in FAST, the CBRT's new instant payment system launched on 8 January, started at 50 TL. It was raised to 250 TL on 14 January and 500 TL on 21 January, and will be raised to 1,000 TL on 28 January.
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"limit management"
68 articles found
ATM
Can I Withdraw Unlimited Money from an ATM?
Like any physical device, ATMs have certain limits. Logically, it may seem like you could withdraw as much money as the ATM's cash cassettes can physically hold (10s, 20s, 50s, 100s, etc.), but that is not actually the case.
Payment Systems
What Are AI-Based Payment Agents?
Digitalization keeps changing the speed and shape of payments. AI-based payment agents pay on their own within user-defined limits and rules, completing transactions without the user initiating any action. This post explains how they work and what to watch for.
Credit Card
What is a Virtual Card?
A credit card number created based on a credit card, not physically printed, usable in all virtual purchases (mail order, e-commerce, etc.). It is generated instantly upon request, usable right away, created with a zero limit, and free of charge.
E-commerce
What Is Agentic Commerce? How AI Agents Will Change E-Commerce and Payment Systems
AI agents are moving beyond answering questions to searching, deciding, and paying on behalf of users. This post explains Agentic Commerce and what it means for payment systems, digital wallets, e-money institutions, banks, and fintechs.
Credit Card
What benefits do credit cards provide to cardholders?
Many people who appear as credit card victims in the news and on social media run into trouble because they think their credit limit is unlimited and forget it must eventually be repaid. A credit card is the best payment instrument, if you know how to use it.
Merchant & POS
How is parameter loading done onto a POS?
Loading parameters onto a POS transfers changes made in the POS Management system (authorization, limits, card BIN list, etc.) onto the POS. There are 3 ways to do it.
FAST
What Are the Advantages of the FAST System?
The FAST system will bring significant convenience and speed to payments and money transfers. Here are its advantages for citizens and businesses, from Easy Address transfers to risk-based limits.
Payment Institutions & E-Money
We Issue a Prepaid Card Usable Only Within Holiday Village X. Does Issuing It Count as Issuing Electronic Money?
A prepaid card usable only at goods and service providers inside a single holiday village is considered to be used within a limited network and outside the scope of the Law, provided certain conditions are met.
Credit Card
Can Business Customers Be Issued an ATM Card?
Business customers can be issued an ATM card, known as a Business Debit Card. The cardholder must be the person authorized to act legally on behalf of the company, since the card operates on company accounts.
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.
Credit Card
18 Credit Card Installments for Airline, Travel Agency and Accommodation Spending!
To ease payments during post-coronavirus normalization and support domestic tourism, the BRSA raised the credit card installment limit for domestic airline, travel agency and accommodation spending from 12 to 18 months.