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Illustration representing legal and administrative collection processes for unpaid credit card debt

Credit Card

What Are Legal Collection and Administrative Collection?

For people who have trouble paying credit card debt, who do not pay, or who pay late, the concepts of legal collection and administrative collection are not unfamiliar. So, what are legal collection and administrative collection? After a statement is issued on the card,…

Illustration of a commercial debit card issued to companies and sole proprietorships

Debit Card

What Is a Commercial Debit Card?

A debit-featured card issued to a sole proprietorship, a commercial company, or a foundation/association is called a commercial debit card. Operationally, it is no different from a personal debit (ATM) card. It has its own limit, status, and user.

Contactless payment being made with a chip debit card at a POS terminal

Debit Card

Can a debit card (ATM card) be used for contactless transactions?

A contactless transaction is a fast, secure payment made between a chip card and a POS device without direct contact, without the card's chip or magnetic data being read through the card reader. Can this be done with a debit card (ATM card)?

Illustration explaining the authorization process for card payments at POS, virtual POS, and ATM terminals

Merchant & POS

What is Authorization?

The term 'provizyon' comes from French and means obtaining approval for a transaction. In payment systems, authorization confirms that the card, POS, bank account, and transaction limits are sufficient to complete a payment.

Photo of the Central Bank letter asking banks not to load 200 TL banknotes into ATMs

ATM

Is It Forbidden to Load 200 TL Notes into ATMs?

In a letter to banks as part of the fight against inflation, the CBRT asked them to stock small-denomination banknotes in ATMs instead of 200 TL notes. Is this a ban or a recommendation, and what are the operational consequences for ATMs and banks?

Credit card and statement illustrating pending transactions

Credit Card

If I close my credit card, are the transactions made on it deleted?

A credit card is a payment instrument that lets a customer borrow up to a limit set by the bank after evaluating certain criteria. Transactions made on the card are first recorded in the current-period transactions, then posted as debt on the statement date.

FAST instant payment limit raised to 50,000 TL

FAST

FAST Limit Raised to 50,000 TL

The upper limit for FAST transactions, which enable fast money transfers between banks, was raised to 50,000 TL per transaction as of 21 December 2023.

Illustration of the benefits credit cards provide to cardholders

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.

Illustration of a closed-loop payment ecosystem growing through loyalty, data, and new services

Closed-Loop Payments

Why Do Closed-Loop Payment Systems Want to Grow? | Series #6

Why does a coffee chain build its own loyalty program, and why does a payment app keep adding services? This post looks at how loyalty, data, and new services drive the growth of closed-loop payment systems, and at the financial layers behind that growth.