Merchant & POS
2018 Payment Systems Scorecard
BKM (Interbank Card Center) shared 2018 developments in card payments and the cashless society goal in Turkey. The data shows card payments becoming a bigger part of daily life every year.
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"retail payments"
26 articles found
Credit Card
What is ISO/IEC 7810?
The ISO/IEC 7810 standard is an international standard that defines the physical characteristics of cards (credit cards, ATM cards, ID cards, etc.) such as physical dimensions, bending, flame and chemical resistance, temperature and humidity resistance, toxicity, and flammability.
Credit Card
Can E-Commerce Sites Store Card Details?
Legally, e-commerce sites should not store card details in their own systems; they should only use them when sending transactions. Unfortunately, some sites do not follow this rule.
Closed-Loop Payments
Whose Ecosystem Does the Customer Stay In? | Closed-Loop Payments #7
In the final post of the closed-loop payments series, the common question behind cards, QR payments, and prepaid balances comes into focus: who manages the customer relationship, and whose ecosystem does the customer stay in?
Credit Card
Why Was the Credit Card Minimum Payment Threshold Raised to TRY 100,000?
The BRSA raised the card limit threshold used to set the minimum payment rate from TRY 50,000 to TRY 100,000. This post explains what changed, why now, the short-term relief, the risk of carried-over balances, and which data to watch.
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.
Credit Card
What is a Co-Branded Card?
A co-branded card is a card offered by two or more organizations: one the issuing financial institution, the other a non-financial commercial brand (there may be more than one), such as an airline, hotel, or retail chain.
Payment System Institutions
From Remote Customer Onboarding to Corporate Digital Identity: The Next Big Transformation in Banking
One of the most important transformations in banking over the last few years has undoubtedly been remote customer onboarding. Individuals can now become bank customers within minutes without visiting a branch. Digital identity checks and contracts largely solved a long-standing problem...
Merchant & POS
A New Era in Fuel Retail: Paying Without Getting Out of the Car
Mobile phones are entering our lives more every day. One study found people forget their wallets more often than their phones. This post explains how to buy fuel with TOTAL Mobile Payment and BKM Express without getting out of the car.
Merchant & POS
With the Latest Agreement, Which Bank Became Turkey's Biggest Card-Accepting Bank?
Isbank, a leading player in accepting payments from abroad in Turkey, has started accepting Discover and Diners Club cards via an agreement with Discover Financial Services, making it the bank accepting the most card brands in the country.
Agentic Commerce
Agentic Commerce Series – Part 5
Points or habit? Loyalty programs are built on steering human behavior. But if an AI agent starts shopping on our behalf, do points and campaigns still work the same way?
E-commerce
What Is Dropshipping (Selling Without Stock)?
Dropshipping is an e-commerce model in which products are sold to customers directly from a supplier, without holding stock. Instead of stocking goods, the seller buys from a third-party provider on demand and has it shipped straight to the customer.