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Contactless reader device attached to a POS terminal

Merchant & POS

What Is a Contactless Reader?

These are devices connected to a POS terminal that allow fast payments, up to a certain limit, using contactless credit cards or prepaid cards by tapping them on the contactless reader instead of the POS's card reader. Can every POS have a contactless reader attached?

BKM (Interbank Card Center) membership acceptance criteria overview

Laws & Regulations

What Are the BKM Membership Acceptance Criteria?

BKM (Interbank Card Center) membership is available in 3 statuses: bank, institution or HSK. This post explains the eligibility criteria for each status, the 12-month certification requirement and the BKM fee principles.