ATM
Why Does an ATM Swallow Your Card?
ATMs make many banking transactions faster and easier, but like any electronic device they can run into trouble, including swallowing your card. Here is why it happens and what to do.
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Merchant & POS
What Are the Partial Authorization Requirements for an Acquirer Bank?
Partial authorization lets an issuer approve part of the requested amount when the card lacks the full balance, with the rest paid another way. This post covers the technical, receipt, clearing, reconciliation, merchant and certification requirements for acquirers.
Open Banking
Digital Banking Standards are becoming clearer step by step
Digital banking is talked about more every day, and with the BRSA's support in defining its scope, it is about to enter our lives. A 'digital bank' is a credit institution that provides banking services mainly through electronic channels rather than physical branches.
Credit Card
What Happens If I Don't Pay the Minimum Payment on My Credit Card by the Due Date?
If you miss the minimum payment three times in a calendar year, your card is closed to cash use; if you miss it three times in a row, it is closed to both cash use and purchases until the full debt is paid.
Payment Institutions & E-Money
Must a Bill Payment Institution Deposit Its 1 Million TL Collateral With the CBRT When Applying for a License?
No. When applying, you must document that the company has 1 million TL of paid-in capital, paid in cash and free of collusion. The collateral is deposited with the CBRT only if the Board grants the license.
Merchant & POS
Which Taxpayer Groups Can Use the Secure Mobile Payment System?
From simplified-method taxpayers to companies keeping balance sheet books, a wide range of taxpayer groups can benefit from the Secure Mobile Payment System. Here is the list and the businesses it suits.
ATM
The Netherlands is moving to a shared ATM network
Banks generally prefer to handle their own ATM software and operations. Some banks have third-party firms develop the software while handling operational processes themselves, so each bank ends up doing separate work for both.
Clearing
Is the Interchange Fee Charged on Credit and Debit Cards the Same for ATM and POS?
The interchange fee applies to transactions where the card-issuing bank and the POS/ATM-owning bank are different (for example, withdrawing cash from Bank Y's ATM using a Bank X card). But is the fee the same for ATM and POS transactions?
Chargeback
What Are the Chargeback Reason Codes by Payment Scheme?
A chargeback is the process of requesting that an amount paid by credit card be refunded, either because the goods or services paid for were not received, or because a transaction is identified as one the cardholder did not carry out.
Merchant & POS
Under What Circumstances Is a Merchant Agreement Terminated?
Banks check merchants against a termination list before issuing a POS device. Learn the main reasons, such as counterfeit card acceptance, excessive chargebacks, and fraud, that can lead a bank to terminate a merchant agreement.
ATM
What Is a Bitcoin ATM? How Does It Work?
A Bitcoin ATM (BTM) is a specialized kiosk designed for Bitcoin transactions, letting users buy and sell Bitcoin. General features: it enables Bitcoin purchases and sales, and while it visually resembles traditional ATMs...
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.