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Illustration of a person-to-person (P2P) mobile payment transfer

Credit Card

What is Person-to-Person Payment (P2P)?

Person-to-person payments (P2P) is an online technology that lets users transfer money from their bank or credit card accounts to another person's account over the internet or a mobile phone. Examples of such apps include PayPal, Venmo, and Cash App.

Illustration of a marketplace solution connecting multiple online marketplaces and sellers

E-commerce

What Is a Marketplace Solution?

A marketplace solution is a service offered by software that enables communication and data exchange between different marketplaces. It is a multi-vendor online shopping infrastructure, including the payment system, for listing, searching and buying products and services.

Screenshot illustrating a prepaid card and its features

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.

Prepaid debit card not linked to a bank account

Debit Card

What Is a Prepaid Debit Card?

A prepaid card is a customized card that is not linked to a bank account and has no credit limit like a credit card - you can spend only up to the amount loaded onto it. Prepaid cards function just like a bank card or credit card.

Infographic on the change in the credit card minimum payment ratio

Credit Card

Credit Card Minimum Payment Ratio Changed

With its announcement dated 09.06.2022, the BRSA changed how the credit card minimum payment is calculated: 20 percent of the period debt below a 25,000 lira limit and 40 percent above it. This post covers what banks should do and the likely market impact.

Illustration of an e-commerce checkout page with card payment fields

Merchant & POS

How Important Is the Checkout Page in Payments?

The checkout page is where an online purchase is completed, and cart abandonment is highest there. This post lists design tips: support all cards, limit transition pages, show security cues, allow guest checkout and remove distractions.

Table showing prepaid card loading, spending and cash withdrawal limits

Prepaid Cards

What Are the Transaction Limits for Anonymous Prepaid Cards?

Prepaid cards are among the most popular cards right now, and their use keeps growing. A prepaid card is not linked to a bank account, has no credit limit like a credit card, and can be used up to the amount loaded onto it.

Example of a QR code

Merchant & POS

What is QR (Quick Response) Code?

QR Code is a two-dimensional barcode system developed by Denso Wave, a Toyota subsidiary operating in Japan. Its name comes from the initials of Quick Response. Its content can be any data, including text, a website address, or a video link.

BKM March 2020 card payment statistics chart showing the rise in contactless and online payments

Credit Card

Did We #StayHome? (Based on BKM March 2020 Data)

The coronavirus has turned the past month into a new way of life. How will these changes affect payment systems? This post reviews the March 2020 data announced by BKM, including the surge in contactless and online card payments.