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"Instant Payments"

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Announcement graphic showing the FAST money transfer limit raised to TRY 20,000

Payment Systems

FAST money transfer limit raised to TRY 20,000

The limit for FAST transactions, which enable interbank 24/7 instant money transfers, was raised to TRY 20,000 as of 14.02.2023. This post covers the change and its impact; the figure is historical and the limit has since been raised again.

Illustration of a co-branded credit card combining a bank and a commercial brand

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.

PIN pad device connected to a POS terminal

Merchant & POS

What Is a PIN Pad Device?

A PIN pad lets cardholders safely enter their PIN during POS transactions and lets contactless cards be tapped to transfer card data to the POS. Here is how it works.

ATM PIN pad used for entering a card PIN

ATM

How is PIN verification performed at an ATM?

At payment points such as ATMs and POS terminals, the most critical step is PIN verification or verifying the customer through their identity information. However, since ATMs cannot verify a customer's identity, PIN verification becomes more important. So how is it performed?