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.
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"cash payments"
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Payment Systems
Where Does the Mill's Water Come From? How Banks Really Earn from Credit Card Campaigns
How do banks fund so many points, bonuses, and discounts? This post explains the credit card profitability model: merchant commissions, interchange, interest income, installments, and why campaigns are an investment in transaction volume rather than a cost.
ATM
What Is Reject (the Reject Bin)?
It's a term used in ATM systems within payment systems. In ATM transactions, cash in question is placed into a separate compartment for review, called the reject bin. Retract is the customer's holding bin; reject is the ATM's reject bin.
Payment System Institutions
What Are the Financing Companies Operating in Turkey?
These are credit institutions providing financing to individuals and companies for purchasing goods and services. Financing companies specialize mainly in vehicle loans, offering fast and flexible point-of-sale solutions distinct from banks.
ATM
Are Fees Charged for ATM Transactions Between Public Banks?
With a protocol signed on 04.04.2018, Türkiye's public banks launched the “Free Shared ATM Use” system, allowing their customers to use each other's ATMs free of charge for many transactions.
Payment Institutions & E-Money
PayPal Expands Its QR Code Payment Service
PayPal announced that it is launching payments with QR codes in 28 markets worldwide, including the USA, the UK, France, Hong Kong and Canada. Businesses can use QR codes to accept payments and consumers to shop contactlessly through the PayPal mobile app.
ATM
What Is Retract?
Retract is a term used in ATM systems. When cash already presented to the customer is not taken, it is diverted into a compartment called retract, as opposed to the reject compartment used for unusable banknotes.
ISO 8583
ISO 8583 Field Descriptions (F3)
Field 3, Processing Code, is the field that shows what type of transaction is being performed and is critical for authorization. A Sale from POS differs from a Cash Withdrawal at an ATM.
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.
Merchant & POS
What Is "Installments at the Cash Price"?
When you buy a product with a credit card, you can pay in a single payment or in installments. Installments at the cash price means paying in installments without any markup over the cash price, which benefits the cardholder.
ATM
15 Interesting Facts About ATMs
Although we can now carry out almost all branch transactions at an ATM, for most of us an ATM is still just a machine for depositing and withdrawing cash. Today, without a card, we can use our phones to deposit and withdraw cash via QR code.
Merchant & POS
What is Digital Payment?
Payments made over the internet are called digital payments. Card payments, cryptocurrency, and online banking transfers all fall within the scope of digital payment, along with mobile wallets and QR code payments.