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Diagram illustrating how parameters such as BIN lists and keys are loaded onto a POS terminal

Merchant & POS

What Does Loading Parameters onto a POS Mean?

Loading parameters onto a POS transfers BIN lists, key data, and refund/cancellation authorizations from the management system onto the terminal. Learn how and when it happens.

Illustration of BSMV, the Banking and Insurance Transaction Tax

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.

Illustration representing a fictitious POS transaction

Fraud

What Is a Fictitious Transaction?

According to the Banks Association of Turkey, a fictitious transaction is a collusive transaction made by misusing POS devices, debit cards, or credit cards. Banks that detect such transactions through merchants report them to the Banks Association of Turkey.