Merchant & POS
How Can I Find the Number of POS Terminals, ATMs and Cards in Türkiye?
The number of POS terminals, ATMs and cards in Türkiye is reported by BKM and updated monthly. Here is the link and how to read the figures.
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"payment acceptance"
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Payment Systems
What Is ISO 20022?
There are standards that keep payment systems running smoothly and reliably. One of these is ISO 20022. So what is ISO 20022, and why was it created? It is an international, XML-based financial messaging standard developed in 2009.
Chargeback
What Is Compliance (Regulatory Compliance)?
Compliance means adherence to card scheme rules. Outside chargebacks, it is how a bank that loses money because card payment organization rules were broken recovers that amount from the party that caused the loss.
Debit Card
What Are the Cards Issued by E-Money Institutions and Their Transaction Fees?
The use of prepaid cards, and the number of prepaid cards issued by e-money institutions, has risen sharply. This post looks at why, how to choose a card, and which fees prepaid cards charge.
Payment Systems
Transition Period for Certain Obligations of Payment and E-Money Institutions Extended to 28.02.2023
Published in the Official Gazette of 25.11.2022, six days before the Transition Period ended, an amending Regulation and Communiqué extended the transition period for some obligations of payment and e-money institutions from 01.12.2022 to 28.02.2023.
Credit Card
Never do these things when using a credit card
Nearly all of us have at least one credit card in our wallet and use credit cards for almost all of our transactions. A credit card is a good tool for tracking spending, but common mistakes can turn it into a serious problem.
Agentic Commerce
Agentic Commerce Series – Part 3
Can AI Decide on Our Behalf? Letting an AI agent handle research can make life much easier. The real question is where that should stop, and how much decision-making authority we are ready to hand over.
Chargeback
What are the chargeback dispute types?
A chargeback is a dispute raised against a card transaction when the cardholder did not make it or does not recall it. The dispute types vary depending on the situation; let's look at them.
ATM
Today Is the Anniversary of the ATM Entering Our Lives!
The first device that can truly be called an ATM was produced by De La Rue for Barclays Bank and put into service in Enfield, London, on 27 June 1967. The ATM came to Türkiye in 1982.
Laws & Regulations
What Are the Visa Core Rules and Visa Product and Service Rules Documents? How Can I Access Them?
The Visa Core Rules and Visa Product and Service Rules documents define the fundamental rules that apply to all institutions in the Visa network. They are updated regularly, and all members are expected to follow the latest version.
Chargeback
What Are the Chargeback Reason Codes by Payment Scheme?
A chargeback is the process of requesting that an amount paid by credit card be refunded, either because the goods or services paid for were not received, or because a transaction is identified as one the cardholder did not carry out.
Payment System Institutions
From Remote Customer Onboarding to Corporate Digital Identity: The Next Big Transformation in Banking
One of the most important transformations in banking over the last few years has undoubtedly been remote customer onboarding. Individuals can now become bank customers within minutes without visiting a branch. Digital identity checks and contracts largely solved a long-standing problem...