ATM
What Are ATM Management Support Software Tools?
ATMs hold significant amounts of cash, are among banks' most important customer service points and are prone to faults, so they must be monitored from installation onward and acted on quickly.
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"Cash Management"
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Payment Systems
What is Takasbank?
Takasbank (Istanbul Settlement and Custody Bank) exists to increase the competitiveness of Turkey's markets by providing clearing and custody services, financial services, and other economic activities under the relevant legislation.
ATM
What Is Retract?
Retract is a term used in ATM systems. When cash already presented to the customer is not taken, it is diverted into a compartment called retract, as opposed to the reject compartment used for unusable banknotes.
Credit Card
What Is a Business Card?
A business credit card is a credit card offered by banks to businesses so they can make company expenditures and track and manage those expenses.
Credit Card
How is limit management done in banks?
In transactions carried out through banks, a certain limit is set due to the rules and requirements of institutions such as the BRSA (BDDK) and MASAK, as well as the measures banks take to reduce risk, and transactions above this limit are not approved. In the world of payment systems…
Credit Card
Does Credit Card Usage Increase Inflation?
The effect of credit cards on inflation has been debated for years. Because I am asked about it so often, I ran a poll on arifunal.com to gather readers' views. This post weighs the positive and negative effects and compares the poll with the research findings.
Credit Card
Why Was the Credit Card Minimum Payment Threshold Raised to TRY 100,000?
The BRSA raised the card limit threshold used to set the minimum payment rate from TRY 50,000 to TRY 100,000. This post explains what changed, why now, the short-term relief, the risk of carried-over balances, and which data to watch.
ATM
The number of ATMs is declining worldwide
ATMs, which let us meet our cash needs, pay card debt, make transfers, and even withdraw or deposit cash via QR code without a card, have started losing popularity after all these years.
Payment Systems
What is a tower?
In payment systems, the tower is the section inside an ATM where cash is physically stored. It contains cassettes holding different banknote denominations, a mix cassette for mismatched notes, and various security mechanisms protecting the cash.
Clearing
What is Reimbursement Attribute?
DE03/Reimbursement Attribute carries the Reimbursement Value of a transaction. BKM uses this information as the basis for calculating interchange fees and charges between member banks.
ATM
What Is a Twin Tower ATM?
A twin tower ATM, also called a dual tower ATM, has both a recycler unit for depositing and withdrawing cash and a dispenser unit for withdrawals only, cutting cash replenishment needs at busy locations.
Fraud
What is Online (Real Time) and Near Online (Near Real Time) Fraud?
Fraud monitoring refers to tracking card transactions through scenarios to detect potential fraud and taking rapid action immediately before or after a transaction occurs - such as identifying a suspicious transaction, calling the customer, or temporarily blocking the card to prevent authorization.