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Closed-Loop Payments
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?
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?
Closed-Loop Payments
Why does a coffee chain build its own loyalty program, and why does a payment app keep adding services? This post looks at how loyalty, data, and new services drive the growth of closed-loop payment systems, and at the financial layers behind that growth.
Closed-Loop Payments
Is Starbucks really selling coffee, or building an ecosystem? Prepaid balances, a loyalty program and customer data turn a coffee chain's payments into a closed-loop economy, a very different model from Istanbulkart.
Closed-Loop Payments
Is Alipay a payment system, or a digital economy? In the previous post we discussed how Starbucks shows that payment systems can evolve into a different structure. At first the goal was to make payment easier for the customer. As the system grew, loyalty programs...
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
If users start describing their needs instead of searching for products, one of the internet economy's most fundamental habits could change.
Agentic Commerce
Points or habit? Loyalty programs are built on steering human behavior. But if an AI agent starts shopping on our behalf, do points and campaigns still work the same way?
Payment Institutions & E-Money
The term 'Third Party Provider' refers to an authorized online service provider introduced under Open Banking. These are systems outside a customer's relationship with their bank that mediate the transaction. So how many types of third party provider are there? Two.
Merchant & POS
BKM TechPOS is a merchant and POS management infrastructure provided by BKM. Banks need to allocate physical/virtual/ECR POS terminals to merchants in order to establish a merchant relationship with their corporate or sole-proprietor customers.
Payment Systems
The Banking Regulation and Supervision Agency (BRSA) had prepared a draft communiqué on the remote identity verification methods banks can use. According to the communiqué published in today's Official Gazette, the practice enters into force on May 1.
Payment System Institutions
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.