Merchant & POS
What Is the TR QR Code?
TR QR Code refers to QR code information created according to the regulation on generating and using the TR QR code in payment services, which can be used in payments under Law No. 6493.
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"Payment Services"
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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.
Closed-Loop Payments
Whose Ecosystem Does the Customer Stay In? | Closed-Loop Payments #7
In the final post of the closed-loop payments series, the common question behind cards, QR payments, and prepaid balances comes into focus: who manages the customer relationship, and whose ecosystem does the customer stay in?
Payment Systems
What is Strong Customer Authentication (SCA)?
Strong Customer Authentication (SCA) is a security requirement introduced under the EU's Payment Services Directive 2 (PSD2) to increase security and reduce fraud in online payment transactions. SCA requires two of three independent authentication factors.
Payment System Institutions
What Are the Financing Companies Operating in Turkey?
These are credit institutions providing financing to individuals and companies for purchasing goods and services. Financing companies specialize mainly in vehicle loans, offering fast and flexible point-of-sale solutions distinct from banks.
Chargeback
How is the chargeback dispute period calculated?
The chargeback dispute period varies by reason, but it can never exceed 540 days from the date a transaction posted to the card. Within that limit, cardholders generally have up to 120 days to dispute, depending on the type of issue.
Merchant & POS
What Is Virtual POS?
Virtual POS is the software-based, security-enhanced equivalent of the physical POS devices used for card payments at merchants, designed for online shopping. It is not issued to individual customers, only to sole proprietorships, companies, or foundations and associations.
Merchant & POS
What is VPOS (Virtual POS)?
VPOS (Virtual POS) is the software-based, security-enhanced equivalent of the physical POS devices used for card payments at merchants, used for purchases made over the internet. It is also known as Virtual POS. VPOS is not issued to individual customers.
E-commerce
What Are Alternative Payment Systems?
Alternative payment systems are services from intermediary companies that use virtual POS accounts in the background to benefit merchants. Law No. 6493 calls them payment institutions. This article compares them with bank virtual POS accounts.
Laws & Regulations
What Is the FAST–TR QR Code Technical Principles and Rules Guide?
This guide, aligned with the TR QR Code regulation and its annex, describes the workflows for FAST payments using merchant-presented and person-to-person QR codes and defines the related TR QR Code data organization.
Online & Authorization
What Is Pay by Link?
Pay by link is an innovative financial solution that completes a payment through a link sent over the internet, making it possible to shop and transfer money through channels like WhatsApp and Instagram.
E-commerce
What Is Payment by SMS?
Payment by SMS is a solution where the merchant sends the customer a link via SMS through an online collection system, and the customer pays by entering their debit or credit card details.