Merchant & POS
What Is a Pre-Authorization Transaction?
An operation that allows a credit card's limit to be blocked for a period, due to the nature of the product or service sold. Preferred mainly by companies in travel, tourism, and car rental.
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Credit Card
What should be considered when setting a card PIN?
A credit card is one of the most important payment tools in our lives, which is why keeping it secure is extremely important. So how do we secure a credit card? The most important security measure is the card PIN.
Payment Institutions & E-Money
Regulation on Payment Services, E-Money Issuance and Payment Service Providers Amended
Innovations in payment systems continue. The CBRT's Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers was amended and published in the Official Gazette, with new minimum equity requirements and activity restrictions.
Laws & Regulations
What is BSMV?
BSMV stands for Banking and Insurance Transaction Tax, levied on banking and insurance transactions. This post explains how it applies to payment institutions and e-money institutions under Expense Taxes General Communiqué No. 91, with an example.
Debit Card
What Is a Commercial Debit Card?
A debit-featured card issued to a sole proprietorship, a commercial company, or a foundation/association is called a commercial debit card. Operationally, it is no different from a personal debit (ATM) card. It has its own limit, status, and user.
Credit Card
Meet the Google Card!
After Apple Card, announced last March to great fanfare, Huawei said it would issue a card too. Google has now joined the race among tech companies by announcing a new card of its own.
Credit Card
Where Can I Make Installment Purchases with My Credit Card?
To pay in installments with a credit card, the card and the POS usually need to belong to the same bank (on-us) or to the same card program. Otherwise, only single payments are possible.
Credit Card
My Credit Card Applications Keep Getting Rejected. What Could Be the Reason?
Just as people differ in temperament, everyone's income, spending and payment habits differ. Some people shop for a month without trouble on a 1,000 TL card, while others can max out a 10,000 TL limit in the first week.
Credit Card
Can the emboss name be printed on a card without limit?
The customer's name and surname printed on credit and debit cards is called the emboss name. But can the name be printed on a card without any limit? There is a defined field for all information printed on a card, and these fields have specific standards.
Merchant & POS
Contactless Transaction Limit Raised to 120 TL
Per BKM data, 3 in 5 merchants accept contactless payments and 1 in 10 credit card transactions is contactless. From 1 August 2019, contactless payments by card or mobile device are allowed without a PIN up to 120 TL.
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.
Payment Systems
What Are the Draft Retrieval Not Required Before Chargeback Codes?
The Draft Retrieval Not Required Before Chargeback codes defined for Visa and Mastercard are listed below, so you can see which disputes can go straight to chargeback.