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Payment Systems
BKM Payment Gateway is the general name for platforms that let government institutions accept card payments through BKM as intermediary. For the first time, SGK and e-Government title deed payments can be made with all banking cards.
Credit Card
The customer's name and surname printed on credit and debit cards is called the emboss name. But can the name be printed on a card without any limit? There is a defined field for all information printed on a card, and these fields have specific standards.
Merchant & POS
In EMV-based debit card transactions, PIN verification is decisive for both security and liability. What happens when a card that only supports online PIN is sent to the issuer without a PIN, and the issuer approves it? Who owns the risk?
Merchant & POS
Cashback is a modern POS terminal service that allows cash to be withdrawn from the merchant's till while paying for goods and services. Although cashback is a feature specific to debit cards, you can also withdraw cash from an ATM...
Credit Card
If you can't use your card for e-commerce transactions abroad, first check that e-commerce authorization is enabled, that 3D Secure has been set up, and that your bank's authorization system is active. The issue may also originate from the merchant's bank.
Payment Institutions & E-Money
Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions defines a payment instrument as a personalized device such as a card, mobile phone, or password.
Clearing
DE03/Reimbursement Attribute carries the Reimbursement Value of a transaction. BKM uses this information as the basis for calculating interchange fees and charges between member banks.
Fraud
Card skimming is the theft of card information by copying it with the help of a device. Because data inside the chip is very difficult to steal, chip cards are far more secure than magnetic-stripe cards. Turkey is very advanced in card security technology.
Merchant & POS
Pin Entry Device is another name for the PIN pad device we all know and use daily. It makes it easier for users to enter their card PIN during POS transactions with credit or debit cards, and is used for contactless card reading...
Merchant & POS
The MCC code, or Merchant Category Code, is a 4-digit code used to classify merchants. Some MCC codes are restricted or prohibited, and POS terminals or card transactions may be blocked when such a code is used.
Merchant & POS
In-house is a term widely used in the world of payment systems. It means that payment systems applications are managed end-to-end within the bank's own systems, both in terms of code and process.
Merchant & POS
A POS is a functional device with its own dedicated software, customized according to the authorization system of the bank it is connected to, that accepts credit or debit cards. So, banks abroad launch dozens of new card products every day…