Credit Card
What should I do if my card's chip isn't reading?
If your card's chip won't read, the chip data is likely corrupted or the POS's chip reader is faulty. This is usually caused by magnetic interaction with another card's chip.
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"Mobile Banking"
145 articles found
Merchant & POS
What Are POS Sub-Protocols and Their Use Cases in Turkey?
In payment systems, every exchange between POS devices and bank or payment institution systems runs on a specific messaging standard, generally based on ISO 8583. However, each country, bank, or switch network defines its own version of this standard.
Merchant & POS
What Is UnionPay?
UnionPay International (UPI) is a China UnionPay subsidiary founded in November 2012. Together with more than 1,000 institutions worldwide, UPI provides international card acceptance in 160 countries and card issuance in more than 40 countries and regions.
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.
Open Banking
What Is Embedded Finance?
Embedded Finance means integrating financial products and services into non-financial platforms, experiences or business processes. In other words, services offered by financial institutions become part of the product or service flows of non-financial organizations.
Contactless
7 Reasons to Make Contactless Transactions
It is important to use contactless cards to prepare our payment habits for the future. In Turkey, one in every 3 cards and one in every 4 POS terminals is contactless-enabled, yet usage remains around 5%.
Payment Systems
BKM (Card Payments) TR Karekod Technical Principles and Rules Guide V1.1 Published
The Central Bank has published a guide setting out the detailed technical principles and rules for using TR Karekod in card payment transactions, based on the TR Karekod Regulation and the TR Karekod Principles and Rules.
Credit Card
Apple Pay Is Now Available in 13 More Countries. So Why Is Turkey Still Not on the List?
The launch of the Apple Card made headlines, with Apple Pay expected to roll out in 40 more countries. Turkey was among the countries still waiting. Apple's June 26, 2019 announcement left us waiting for the next update.
Merchant & POS
Is Printing a Receipt Mandatory for Contactless Transactions?
Checking whether the transaction receipt is printed after a POS transaction, and verifying the amount on it, has probably become a habit for all of us. So what about contactless transactions?
Merchant & POS
In Which Sectors Can Offline Transactions Not Be Performed?
An offline transaction is one approved by the card and the POS themselves, without going to any system (the card's bank or the POS's bank), when a chip card transaction is made at a POS. For this reason, some sectors considered risky are restricted.
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 Partial Authorization?
Partial Authorization lets an issuer approve part of a transaction instead of declining it when the balance or limit is insufficient. This post covers how it works in ISO 8583, whether it is mandatory, and why it matters for the business.