FAST
What Is the FAST Transaction Limit?
The limit in FAST, the CBRT's new instant payment system launched on 8 January, started at 50 TL. It was raised to 250 TL on 14 January and 500 TL on 21 January, and will be raised to 1,000 TL on 28 January.
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"banking systems"
368 articles found
Merchant & POS
How is parameter loading done onto a POS?
Loading parameters onto a POS transfers changes made in the POS Management system (authorization, limits, card BIN list, etc.) onto the POS. There are 3 ways to do it.
Payment Systems
“Draft Communiqué on Remote Identity Verification Methods to Be Used by Banks” Prepared
The BRSA has prepared a draft communiqué setting out remote identity verification methods banks can use for new customer acquisition and identity verification, under Banking Law No. 5411 and the regulation on banks' information systems.
Credit Card
What are MasterCard Warning Notice and Visa Card Recovery Bulletin?
The name for a list of problematic cards — lost, stolen, expired, over-limit, counterfeit, or otherwise flagged — published by card companies like Visa and MasterCard. Mastercard calls it the 'MasterCard Warning Notice'.
ATM
What are Cash Overage and Cash Shortage?
Cash overage and cash shortage are terms used in any system that operates with a cash account. A cash overage means more money is physically present than the ledger indicates; a cash shortage means less. In payment systems, these terms are most often used for ATMs.
Credit Card
What Is the PIN Try Count?
The PIN Try Count is the maximum number of failed offline PIN verifications that can be made with the card. Banks usually keep both the consecutive wrong PIN count and the maximum wrong PIN count.
Payment Institutions & E-Money
Digital Banking Is Coming
Digitalization is showing itself first in banking and payment systems. The BRSA has announced it will begin issuing digital (branchless) bank licenses, opening the way for new digital banks in Turkey under an amendment to Banking Law No. 5411.
Merchant & POS
How is a software version uploaded to a POS terminal?
To upload a version to a POS, the software on the POS and the authorization system on the bank side must support it. Version upload to a POS can be done manually on the device itself, or via a remote upload request.
E-commerce
What Is Agentic Commerce? How AI Agents Will Change E-Commerce and Payment Systems
AI agents are moving beyond answering questions to searching, deciding, and paying on behalf of users. This post explains Agentic Commerce and what it means for payment systems, digital wallets, e-money institutions, banks, and fintechs.
Credit Card
Why do the points I earn differ between transactions made with my card?
You may have noticed that the same transaction amount earns different reward points when paid with a credit card. Have you ever wondered why? The points a card earns are managed within the card bank's authorization system.
FAST
What Criteria Must a Transaction Meet to Be Made Through FAST?
The FAST system went live at 20 banks on 8 January, and its transaction limit was set at 500 TL on 21 January, rising to 1,000 TL from 28 January. Here are the criteria a transfer must meet to be processed through FAST.
Merchant & POS
How Does a POS Device Detect Foreign Cards?
A POS is a functional device with its own dedicated software, customized according to the authorization system of the bank it is connected to, that accepts credit or debit cards. So, banks abroad launch dozens of new card products every day…