HCE
Host Card Emulation (HCE) Offline Transaction Rules
The basic offline transaction rules applied in HCE transactions include the CVM limit for contactless payments, standby mode payments, and PIN entry requirements above the limit.
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"payment verification"
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Payment Systems
Regulation Amending the Regulation on Payment Services, E-Money Issuance and Payment Service Providers Published
Official Gazette No. 32332 dated 07.10.2023 published the amending Regulation and Communiqué covering digital wallets, e-money, share transfers, cloud outsourcing, remote identity verification and card system choice.
FAST
FAST Transaction Limit Raised to TRY 300,000: A New Era in the Payments Ecosystem
The Central Bank of the Republic of Turkey (CBRT) has implemented a significant limit increase in the FAST system. Under the regulation effective August 26, 2026, the FAST money transfer limit was raised from TRY 100,000 to TRY 300,000. The same increase also applies to Request to Pay...
FAST
FAST Limit Is Being Increased
The CBRT has raised the FAST transaction amount limits. As of 4 April 2024, the limit is 100 thousand TL for money transfers and 250 thousand TL for merchant payments made with the FAST-TR QR code.
Merchant & POS
Mobile Phones Are Turning Into POS Devices
With advances in technology, mobile phones can now be used for many functions besides calls and internet access. One such innovation is the ability to use smartphones or tablets as POS devices.
ATM
How is PIN verification performed at an ATM?
At payment points such as ATMs and POS terminals, the most critical step is PIN verification or verifying the customer through their identity information. However, since ATMs cannot verify a customer's identity, PIN verification becomes more important. So how is it performed?
Merchant & POS
What is Digital Payment?
Payments made over the internet are called digital payments. Card payments, cryptocurrency, and online banking transfers all fall within the scope of digital payment, along with mobile wallets and QR code payments.
Payment Systems
What Is Agentic Commerce Protocol? How Does It Work?
Agentic Commerce Protocol (ACP) is a next-generation protocol that lets AI agents integrate directly into commercial processes such as payments, orders, refunds and subscriptions. This post explains how it works and what it offers businesses.
Merchant & POS
How Digital Are You in Payment Systems?
Digitalization has brought major change to payment systems, just as it has to every area of our lives. Its biggest impact has been turning the financial world into something virtual, spanning IoT, mobile payments, blockchain and biometrics.
Online & Authorization
What Is Pay by Link?
Pay by link is an innovative financial solution that completes a payment through a link sent over the internet, making it possible to shop and transfer money through channels like WhatsApp and Instagram.
Merchant & POS
What Is the Merchant Registry System?
The Merchant Registry System is the system at BKM that holds information on merchants accepting electronic payments, set up to simplify TR QR Code payment processes and prevent fraud and misuse in payments.
Cryptocurrency
What Are the Terms Used in the Cryptocurrency World?
Cryptocurrencies are becoming part of everyday life and are expected to compete seriously with card payments. This glossary explains the key crypto terms, from address, altcoin and arbitrage to halving, mining, proof of stake and stop-loss.