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"Payment Security"

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Contactless payment limit raised to 350 TL

Contactless

Contactless Transaction Limit Raised to 350 TL

The no-PIN limit for contactless payments has been raised from 250 TL to 350 TL. Contactless payments up to 350 TL can be made without a PIN; above that, they are made contactless with a PIN.

Illustration of voice shopping and mobile payments with Mastercard

Merchant & POS

MasterCard Is Getting Ready for Voice Shopping

Payment systems once meant a physical card and a PIN on a POS device. Digitalization that began with contactless transactions has accelerated with mobile payments, and MasterCard is now working on voice shopping and Soft POS in Turkey.

ÖDED Payment and Electronic Money Association

Payment Institutions & E-Money

What Is ÖDED?

ÖDED (Payment and Electronic Money Association) is the only industry association representing the payment and electronic money institutions operating in Türkiye under Law No. 6493.

Bill payment intermediation services illustration

Payment Institutions & E-Money

Who Can Act as an Intermediary for Bill Payments?

Bill payment intermediation is a payment service under Law No. 6493. Only the CBRT and payment service providers, namely banks, electronic money institutions, payment institutions and PTT, can offer it.

Illustration of an e-commerce checkout page with card payment fields

Merchant & POS

How Important Is the Checkout Page in Payments?

The checkout page is where an online purchase is completed, and cart abandonment is highest there. This post lists design tips: support all cards, limit transition pages, show security cues, allow guest checkout and remove distractions.

Document cover of the BRSA circular on the report format under Article 8 of the payment services regulation

Payment Institutions & E-Money

What Is the Circular on the Report Format under Article 8 of the Regulation on Payment Services and E-Money Issuance and Payment Institutions and E-Money Institutions? How Can It Be Accessed?

Under Law No. 6493, payment institutions and e-money institutions may operate only with BRSA permission. This post explains the BRSA circular on the format of the independent audit report required with operating permit applications under Article 8 of the Regulation, and where to find it.

BKM (Interbank Card Center) membership acceptance criteria overview

Laws & Regulations

What Are the BKM Membership Acceptance Criteria?

BKM (Interbank Card Center) membership is available in 3 statuses: bank, institution or HSK. This post explains the eligibility criteria for each status, the 12-month certification requirement and the BKM fee principles.

Illustration of embedded finance, with payment, credit, insurance and investment services built into everyday digital platforms

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.

Illustration for the question about SMS notifications in mail order transactions

From My Readers

Is there an SMS notification structure for Mail Order transactions?

I occasionally receive questions from my readers, and I answer them by email or through other channels. Since others may have similar questions, I will publish these questions on my site along with the answers. Hello Mr. Arif, I read your articles from time to time and...