Payment Systems
Where Can I Find the Regulations on the Bank Cards and Credit Cards Law?
You can access the regulations on the Bank Cards and Credit Cards Law on the BRSA website. The regulations are updated as new ones are introduced.
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91 articles found
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.
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.
Credit Card
What Is the Effect of Paying Only the Minimum on a Credit Card?
Banks set two payment amounts for a credit card: the minimum payment and the statement balance. Here is what the minimum payment is, and what happens when you pay only the minimum or less.
Credit Card
What Is a Supplementary Card?
A financial card product issued against a primary card, with its own card number, expiration date, authority, limit, and PIN. Using a supplementary card is ideal for making purchases from more than one card while keeping all spending on a single statement.
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?
Merchant & POS
What Are POS Sub-Protocols and Their Use Cases in Turkey?
In payment systems, every exchange between POS devices and bank or payment institution systems runs on a specific messaging standard, generally based on ISO 8583. However, each country, bank, or switch network defines its own version of this standard.
Credit Card
What Are the Advantages and Disadvantages of a Credit Card?
Credit cards can be a convenient way to manage income and expenses, but for those who don't know how to use them, they can become an expensive and risky product. Here are the key pros and cons to weigh before applying for one.
Credit Card
What Is Purchase Return Authorization?
A structure developed by Visa for purchase refund transactions. The purchase return authorization message lets cardholders view their refund transactions in real time, improving the customer refund experience.
Laws & Regulations
Remote Identity Verification, Reliance on Third Parties and Open Banking
Digitalization is changing how banks onboard customers. This post covers digital identity, verification methods, what the Turkish ID card offers, and Article 43 of the Regulation on Information Systems of Banks and Electronic Banking Services on remote identity verification and open banking.
Open Banking
What Is the Open Banking Implementation Entity (OBIE)?
The Open Banking Implementation Entity (OBIE) is a body set up by the UK's CMA to design and implement Open Banking, developing standards for APIs, security and the wider ecosystem together with other stakeholders.
Clearing
What are the Clearing Types?
In card transactions via POS/ATM, when the card-issuing bank differs from the POS/ATM bank (Not Onus), the transaction is subject to clearing. Below, POS can also mean ATM. Is the clearing system a single type? No...