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Illustration of data leakage channels and risks leading to fraud

Fraud

What are data leakage frauds?

Data leakage is the intentional or accidental exposure of sensitive data through any channel where it is stored, processed or transmitted. This post covers its three main causes and the DLP solutions used to prevent it.

Chart of the effects of credit card usage on inflation

Credit Card

Does Credit Card Usage Increase Inflation?

The effect of credit cards on inflation has been debated for years. Because I am asked about it so often, I ran a poll on arifunal.com to gather readers' views. This post weighs the positive and negative effects and compares the poll with the research findings.

NFC near field communication ISO/IEC 18092 illustration

Payment Systems

What Is ISO/IEC 18092/ECMA-340?

NFC is a data transfer technology developed by Sony and Philips in late 2002 and adopted as an ISO/IEC standard in 2003. ISO/IEC 18092/ECMA-340 (NFCIP-1) is one of the two globally accepted NFC standards.

Logos of various international payment card schemes

Credit Card

What Are National and International Payment Schemes?

In the world of payment systems, just as credit cards are an indispensable product, a payment scheme is indispensable for credit cards. When a credit card product is launched, the scheme it will be issued under is decided first.

Cover page of the CBRT guide linking payment business models to payment service types

Payment Systems

Guide Linking Payment Business Models to Payment Service Types Published

This Guide links business models frequently encountered in the payments field to the payment services listed in Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions, and aims at uniformity in practice.

Central Bank of the Republic of Turkey and BKM logos

Payment System Institutions

Central Bank Becomes a Partner of BKM

According to the CBRT's official website, the Central Bank of the Republic of Turkey has become the controlling shareholder of the Interbank Card Center (BKM), using the authority granted by Law No. 7192.

BKM API BIN list update illustration

Payment System Institutions

What Is the BKM API?

Thanks to the API developed by BKM, BKM Express member merchants can automatically update the BIN lists of cards issued by all banks in Türkiye and offer installments and reward points more efficiently.

Illustration of the compliance process between merchant bank and issuer in card payments

Chargeback

What Is Compliance (Regulatory Compliance)?

Compliance means adherence to card scheme rules. Outside chargebacks, it is how a bank that loses money because card payment organization rules were broken recovers that amount from the party that caused the loss.

One-click payment button in an online checkout

Merchant & POS

What is One-Click Payment?

In online shopping, the payment method that lets card details be entered once and then reused automatically in later purchases is called 'one-click payment'. Patented by Amazon in 1999, it has been described as a revolution in e-commerce.