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Clearing
The Domestic Clearing and Settlement System (YTH) settles and clears transactions between two banks when a card from one bank is used at another bank's POS or ATM. Participants submit records that are cleared daily and multilaterally netted and reconciled.
Credit Card
Most of us remember the impact the first iPhone, introduced by Steve Jobs on January 9, 2007 and revolutionary for its time, had on our lives. In a similar way, a product that will completely change how we use and view credit cards...
General
Who will win in Agentic Commerce? Owning the customer used to be a huge advantage. Once an agent starts deciding on the customer's behalf, where does the real power move to?
Credit Card
A look at the Union Bank RuPay combo card, an unusual design with two chips, two card numbers, two CVV2 values, two magnetic stripes, and two payment schemes combining credit and debit card functions.
Merchant & POS
A reader asked whether installment mail order transactions are still possible, and whether a card limit equal only to the installment amount is enough. This article shares the answer.
Payment Systems
Regularly reporting and tracking how many transactions fail at each merchant matters for both the merchant and the acquirer. BKM error codes tell us why POS transactions fail.
Payment Systems
This MASAK General Communiqué sets out the simplified customer due diligence measures that obliged parties must follow under the regulation on preventing money laundering and terrorist financing.
Agentic Commerce
The next customer on the internet may not be human. If AI agents become part of purchasing decisions, the rules of e-commerce, marketing, and payment systems could change.
Payment Systems
In payment systems, an “appeal” is the process of objecting to the outcome of a transaction dispute. It is usually discussed alongside chargebacks, but it plays a critical role in interbank dispute resolution, when a party asks the card scheme to re-evaluate a concluded decision.
Payment Systems
The BRSA has prepared a draft communiqué setting out remote identity verification methods banks can use for new customer acquisition and identity verification, under Banking Law No. 5411 and the regulation on banks' information systems.
Credit Card
The name for a list of problematic cards — lost, stolen, expired, over-limit, counterfeit, or otherwise flagged — published by card companies like Visa and MasterCard. Mastercard calls it the 'MasterCard Warning Notice'.
Credit Card
Although card usage today is shifting from physical use toward virtual use, physical card production, personalization, and printing remain vital steps in card manufacturing. Here are the companies that produce and personalize cards in Turkey.