Search
91 articles found
Payment Systems
The BRSA has published a draft regulation amending the Regulation on Debit Cards and Credit Cards. It introduces the card scheme definition, a customer right to choose the card scheme, and an obligation for acquirers to define licensed schemes on merchant POS devices.
Laws & Regulations
The purpose of the Regulation on Bank Cards and Credit Cards is to set the procedures and principles for issuing and using bank and credit cards and for the activities of institutions in the card payment system.
Payment Systems
You can access the regulations on the Bank Cards and Credit Cards Law on the BRSA website. The regulations are updated as new ones are introduced.
Laws & Regulations
The purpose of Law No. 5464 on Bank Cards and Credit Cards is to ensure the card payment system works effectively by regulating the issuance and use of bank and credit cards and the related clearing and netting processes.
Credit Card
The number of installments allowed varies for personal and corporate cards. A regulation by the Banking Regulation and Supervision Agency (BRSA), published in Official Gazette No. 30510 on 15.08.2018, set the installment limits that apply today.
Credit Card
The credit card minimum payment amount lets customers who cannot pay their full debt keep using their cards. In June 2019 the BRSA set the minimum payment at 30 percent for all limits, and kept 40 percent for cards issued within the past year.
Merchant & POS
A surcharge is a fee, charge, or tax added to the cost of a good or service. In payment systems, it refers to adding the merchant's transaction commission to the cash sale amount on credit card transactions, resulting in a higher charge.
Credit Card
To ease payments during post-coronavirus normalization and support domestic tourism, the BRSA raised the credit card installment limit for domestic airline, travel agency and accommodation spending from 12 to 18 months.
Credit Card
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.
Credit Card
The BRSA reduced the maximum number of credit card installments for foreign spending on airlines, travel agencies and accommodation from 6 months to 3 months.
Credit Card
As credit card use grows, so does the importance of raising your limit to keep pace with inflation. Learn how periodic limit increases work, who qualifies, and the legal caps that apply.
Payment Systems
Under the regulation published on 25 September 2020 in Official Gazette No. 31255, institutions that sign merchant agreements must now be able to track transactions at the sub-merchant level.