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Credit Card
If your card has been stolen: call your card's bank and close it with a Stolen status, check for transactions you don't recognize and dispute them, and update any automatic payment instructions tied to the old card.
Payment Systems
According to BKM's TR QR Code Technical Principles and Rules Guide for card payments, QR code payment structures apply to EFTPOS, shared EFTPOS, ÖKC, ATMs, payment provider apps, static QR codes and virtual POS.
Credit Card
BIN stands for Bank Identification Number, the unique code made up of a card's first 6 digits that identifies which bank issued it, under the ISO/IEC 7812 standard.
Credit Card
Issuer Identification Number (IIN) is the first 6 digits of 16-digit cards and the first 8 digits of 19-digit cards. It is more commonly known as BIN (Bank Identification Number). Learn what the IIN table holds and how to look one up.
EMV
DFN is the abbreviation for Dedicated File Name. It defines the name of the DF (Dedicated File) as described in ISO/IEC 7816-4. It is the data found in Tag 84, 5 to 16 characters in length.
Credit Card
BIN is short for Bank Identification Number: a unique, bank-specific number created under ISO/IEC 7812 standards that shows which bank a card belongs to. It is the first 6 digits of a card.
Credit Card
Amex is short for American Express, a payment scheme like Mastercard, Visa, or TROY. Learn its history, what sets Amex cards apart, and whether every website accepts them.
Credit Card
The BRSA has decided to raise the contactless card transaction limit to 500 TL, effective 1 February. This post explains the change, how PIN entry works above the limit, and how the limit has evolved since 2019.
Credit Card
Troy is Turkey's national payment system scheme, short for "Turkiye's Payment Method." When Troy cards first launched, they could only be used domestically. A partnership with Discover later made it possible to use Troy cards abroad as well.
E-commerce
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.
Payment Institutions & E-Money
The Law defines e-money as monetary value issued in exchange for funds accepted by the issuer, stored electronically, used for payment transactions and accepted as a payment instrument by persons other than the issuer. This post explains e-money institutions and the services they may provide.
Open Banking
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.