Merchant & POS
How Can I Find the Number of POS Terminals, ATMs and Cards in Türkiye?
The number of POS terminals, ATMs and cards in Türkiye is reported by BKM and updated monthly. Here is the link and how to read the figures.
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87 articles found
Credit Card
What Is a Business Card?
A business credit card is a credit card offered by banks to businesses so they can make company expenditures and track and manage those expenses.
ATM
Can I Withdraw Unlimited Money from an ATM?
Like any physical device, ATMs have certain limits. Logically, it may seem like you could withdraw as much money as the ATM's cash cassettes can physically hold (10s, 20s, 50s, 100s, etc.), but that is not actually the case.
Credit Card
Vertical Revolution in Credit Cards
The payment card industry is arguably the sector most affected by technology and the quickest to adapt new developments. With mobile devices, payment systems have changed a lot - we now prefer using our credit cards virtually rather than physically.
Payment Systems
What are the QR Code Routing System (KYS) Rules?
The purpose of these rules is to set out the operating rules, participation requirements, and pricing principles of the QR Code Routing System (KYS) established and operated by BKM, as well as other procedures related to KYS's operation.
HCE
Comparing Digitization and Tokenization
Tokenization and digitization are two important terms in mobile payments that are easily confused and often used interchangeably. What is the difference between digitization and tokenization?
Online & Authorization
What are Commercial Off-the-Shelf Devices (COTS)?
Commercial off-the-shelf (COTS) products and services are ready-made, packaged solutions adapted to a purchasing organization's needs, rather than custom-built ones. In payment systems, COTS includes ready-made payment apps for phones and Android POS devices.
Credit Card
My Card Is Broken. What Should I Do?
If your card is broken, call your bank's Customer Contact Center to request a renewal. Since the card number usually stays the same after renewal, this is convenient for you. If you'll keep using the card, don't set it to Closed or Cancelled status.
Credit Card
BKM Card Usage Survey
According to a survey by the Interbank Card Center measuring card usage habits in Turkey, card usage is increasing every day. Credit card preference rose from 61% in 2015 to 68% in 2017, while cash preference fell from 35% to 27%.
Merchant & POS
PCI Publishes “CPoC” Standard for Accepting Contactless Payments on Mobile Devices
The PCI Security Standards Council (PCI SSC), founded in 2006 by Amex, Discover, JCB, Mastercard and Visa, has shared its data security and testing standard for accepting contactless payments on smartphones and tablets without extra hardware.
Security
We're Calling From the Bank, Your Account Has Been Compromised...
Fraud cases where scammers pose as bank staff or other institution employees to obtain citizens' banking information have increased significantly recently. Interestingly, the new fraud trend closely mirrors the steps of a genuine banking procedure.
Credit Card
Which Cards Can I Use for Mail Order Transactions?
Debit cards and prepaid cards are generally closed to mail order transactions. Mail order authorization is held on credit cards. Unless specifically requested at application, a card is issued closed to mail order transactions.