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Open banking illustration representing payment services data sharing APIs between financial institutions and third-party providers

Payment Systems

Guide on Data Sharing Services in Payment Services Published

Open banking opens financial data, under the regulations and with the customer's explicit consent, to third-party service providers through standard APIs. The CBRT has published a guide on payment initiation and account information services, covering licensing and technical certification.

Table of Visa and Mastercard fraud codes and descriptions

Security

What Are the Visa and Mastercard Fraud Codes?

Fraud means obtaining unjust gain by carrying out a transaction at a merchant or ATM using someone else's credit card or debit card, causing a loss to the real cardholder, the merchant, or the bank. So what fraud codes do Visa and Mastercard use?

Diagram of internet banking security showing a login screen protected by a padlock

HSM & Security

What Should Be Done to Ensure Internet Banking Security?

In the past, banking meant going to a branch. Today, most transactions run through channels such as the Internet Branch, ATM and Mobile Branch, so improving internet banking security and regularly informing customers about it is important.

Foreign payment institutions operating in Türkiye

Payment Systems

Can Foreign Payment Institutions Operate in Türkiye?

All payment and electronic money institutions operating in Türkiye fall under the relevant regulation. A license from a foreign authority is not enough; a foreign institution must obtain a license from the Central Bank.

EU Payment Services Directive 2 PSD2

Merchant & POS

What Is the EU Payment Services Directive 2 (PSD2)?

The EU Payment Services Directive 2 (PSD2) is the EU's payment services law. ÖDED translated it into Turkish, creating an important handbook for anyone wanting to invest or work in this area.

Illustration of the benefits credit cards provide to merchants

Credit Card

What benefits do credit cards provide to merchants?

At first glance, a credit card seems like a product offered for cardholders' use and benefit, but it also provides significant benefits to merchants, from faster cash flow to collection security and new customers.

Diagram illustrating how a Payment Facilitator connects merchants to banks for card payments

Merchant & POS

What Is a Payment Facilitator (PF)?

A Payment Facilitator (PF) is a licensed payment institution that lets merchants accept card payments without applying to banks directly. Learn how it works.