Agentic Commerce
Agentic Commerce Series – Part 1
The next customer on the internet may not be human. If AI agents become part of purchasing decisions, the rules of e-commerce, marketing, and payment systems could change.
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37 articles found
Credit Card
What Products and Services Does KKB Offer Directly to Members?
KKB was established, under banking law, to enable the exchange of all kinds of information and documents among at least five banks, and it also shares credit information about customers. The Credit Bureau of Turkey also serves deposit banks, participation banks, financial institutions, and more.
Credit Card
Do I Need to Generate a Certificate When Issuing Cards Under a New BIN?
Yes. A certificate must be generated for every new BIN and loaded onto the card chip, establishing secure communication between the chip and the terminal. This is especially critical for verification in offline transactions.
Payment Institutions & E-Money
Must a Bill Payment Institution Deposit Its 1 Million TL Collateral With the CBRT When Applying for a License?
No. When applying, you must document that the company has 1 million TL of paid-in capital, paid in cash and free of collusion. The collateral is deposited with the CBRT only if the Board grants the license.
Merchant & POS
Are POS Terminals Becoming Obsolete?
Today, as credit cards shift from physical to virtual use, a similar move has come from the POS side. We have begun to see mobile phones used as POS devices becoming a serious rival to physical POS terminals.
Credit Card
What should you know before buying a prepaid card?
A prepaid card is a customized chip or chipless card that is not linked to a bank account and has no credit limit like a credit card. You can only spend up to the amount loaded onto the card.
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.
Fraud
Can a Contactless Transaction Be Made Without the Cardholder's Knowledge?
Contactless transactions have grown rapidly, but can a payment really be made from your wallet without your knowledge? Here is what the actual risks and safeguards look like.
Credit Card
Does Credit Card Usage Increase Inflation?
The effect of credit cards on inflation has been debated for years. Because I am asked about it so often, I ran a poll on arifunal.com to gather readers' views. This post weighs the positive and negative effects and compares the poll with the research findings.
Cryptocurrency
What Are the Terms Used in the Cryptocurrency World?
Cryptocurrencies are becoming part of everyday life and are expected to compete seriously with card payments. This glossary explains the key crypto terms, from address, altcoin and arbitrage to halving, mining, proof of stake and stop-loss.
Online & Authorization
Error Codes Used in Authorization Transactions and Their Explanations
A reference guide to authorization response codes seen on POS and ATM transactions, with plain-language explanations of what each code means and what to do about it.
Payment Systems
What is a tower?
In payment systems, the tower is the section inside an ATM where cash is physically stored. It contains cassettes holding different banknote denominations, a mix cassette for mismatched notes, and various security mechanisms protecting the cash.