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Credit Card
KKB was established, under banking law, to enable the exchange of all kinds of information and documents among at least five banks, and it also shares credit information about customers. The Credit Bureau of Turkey also serves deposit banks, participation banks, financial institutions, and more.
Security
The TBB book 'Fraud Detection and Prevention Methods in Banking' analyzes the types of fraud threatening the banking and finance sector and individuals, with examples from the world and Turkey, and offers protection recommendations. This post explains how to access it.
Payment Systems
Current information: this post describes the limit at the time of publication. The BRSA raised the contactless card transaction limit to 750 TL, effective 1 July. Above the limit, contactless payments need a PIN. The post also traces the limit's history.
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.
Merchant & POS
Below are the definitions of the cornerstone terms of payment systems, as established by the Banks Association of Turkey (TBB): debit card, credit card, merchant, cardholder, and more.