Clearing
What Are Clearing and Settlement?
Clearing: the transmission of transfer orders sent to the system, mediating their mutual delivery, obtaining authorization prior to settlement in some systems, and netting payment orders.
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"Instant Payments"
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FAST
Can Non-Bank Institutions Join the FAST System?
Yes. The FAST system was first launched with the participation of banks in Türkiye, and integration has been completed with 21 banks. Non-bank institutions meeting the criteria, such as payment and e-money institutions, will also be able to join.
Mobile Payments
What Is FAST – TR QR Code?
TR QR Code is the QR code standard defined by the regulation on generating and using TR QR codes in payment services. FAST – TR QR Code refers to the TR QR Code used for payments made through FAST, built on BKM's infrastructure.
Credit Card
Differences Between a Credit Card and a Debit Card
Although debit cards and credit cards look similar in appearance, there are fundamental differences between them, from cash advances to installments and security.
Laws & Regulations
What Is Law No. 7192 and What Does It Include?
Law No. 7192 amends certain articles of Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions. Announced on 22 November 2019, it entered into force on 01.01.2020.
HCE
Terms Used in HCE Terminology
When we talk about HCE methodology, many interacting architectural components come to mind. The core terms describing this architecture are listed below, starting with GCM/FCM (Google/Firebase Cloud Messaging), a service for sending push notifications.
Payment Systems
PIN-Free Contactless Payment Limit Rises to 2,500 TL
An official BRSA letter to banks announced an update to the PIN-free contactless payment limit. From January 15, 2026, contactless payments of up to 2,500 TL can be made without entering a PIN, up from the current 1,500 TL.
FAST
What Are the Differences Between FAST and EFT?
Until the FAST system was introduced, money transfers were made through the EFT structure. Due to evolving technology and changing customer expectations, a new structure called FAST was introduced. So what are the differences between EFT and FAST?
FAST
What Is Easy Address (Kolay Adres)?
The Instant and Continuous Transfer of Funds (FAST) System lets customers send payment instructions 24/7 through bank systems, independent of EFT. This article explains what Easy Address is, how to register one and how transfers work.
Online & Authorization
Shopping Directly from ChatGPT: A New Era with Agentic Commerce
OpenAI and Stripe announced the Agentic Commerce Protocol (ACP), with Instant Checkout live on Etsy and Shopify in the US. What this means for payment facilitators and e-commerce platforms, and what may come beyond one-click checkout.
Credit Card
What should I do if my card is stolen?
If your card has been stolen: call your card's bank and close it with a Stolen status, check for transactions you don't recognize and dispute them, and update any automatic payment instructions tied to the old card.
Security
What Is OTP? What Is Its Role in End-to-End Security?
With Chip&Pin technology, card PINs and chip-based transactions became widespread. As online shopping grew, strengthening the security of these transactions became a necessity, and OTP began providing that transaction security.