Payment card
Cashless transactions continue to gain ground
Card transactions increased some 40 percent in the first quarter of the year compared to the same period in 2017.
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Card payments set to jump by more than 40 percent in 2017
Payments by credit and debit cards are expected to post an increase of more than 40 percent this year compared to 2016 following the sharp growth trend triggered by the imposition of capital controls almost two-and-a-half years ago.
POS rules become stricter for non-compliant businesses
Businesses that are by law required to offer customer the option of paying by debit or credit card will face stiffer treatment for failing to comply following a decision by Deputy Finance Minister Katerina Papanatsiou on Tuesday.
Card use set to soar 33 percent next year
Banks are raising their estimates for plastic money transactions in 2017 to 20 billion euros, compared to an estimate for 2016 of 15 billion euros. This concerns transactions made by Greeks using debit and credit cards and not including those by foreign visitors, which would raise the sum for this year to 17 billion.
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Card and Payment Industry on the Rise in Bulgaria
According to a new report, the proliferation of payment cards in circulation nationwide grew 2.08% annually from 2009 to 2013, resulting in a figure of USD 8.5 M 2013. Thanks largely to increased awareness and new technologies such as contactless cards, the average transaction value also increased to USD 85.5 (15th in Europe).
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Turkish gov't reveals new measures aimed at fueling economic activity
Ankara has announced a number of new measures on credit cards and loans in an attempt to ease the strain on consumers and stimulate economic activity.
Prime Minister Binali Yıldırım said late on Sept. 21 that credit card payment installment limits had been increased from nine to 12, while restrictions on food, telecommunications and fuel purchases would continue.
Turkey introduces electronic payment clearing system
Turkey is introducing a new electronic card payment clearing system called TROY, the InterBank Card Center (BKM) announced on April 28.
"We are ready. Since April 1, TROY has been available at all swiping machines and ATMs," Soner Canko, chairman of the card center, told a press conference.
Turkish hacker who stole $55 million from ATMs pleads guilty in US federal court
A Turkish hacker who U.S. prosecutors say masterminded a series of cyber attacks that enabled $55 million to be siphoned from automated teller machines around the world pleaded guilty on March 1.
Turkish consumers have most bank cards across Europe
The number of banking cards surpassed 171 million in Turkey in 2015, a 15 percent increase from the previous year, making the country the largest card-carrying market in Europe, the Interbank Card Center (BKM) has said in a written statement.
Capital Controls in Greece: Get the facts!
The Hellenic Bank Association (HBA) issued guidelines for capital controls in Greece. Here are 10 banking facts that borrowers should bear in mind:
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