Although the contactless payment method used by many people is very convenient, it is obvious that it is open for unauthorized use. The Banking Regulation and Supervision Agency (BRSA) is taking a new step in this regard.
BRSA: “Password will be required for the first contactless transactions”
The use of contactless cards without customer knowledge continues to be a problem. The BRSA, which wants to take a new step in this regard, will ask for a password for contactless payments. Regardless of the volume of the transaction made according to the new period, the password will be required to be entered in the first transaction.
BRSA’s statement;
In order to prevent customers from using cards without their knowledge, it has been deemed appropriate to promptly enter a password in the first contactless transactions to be made for card payments for all bank customers across our country, without being limited to the provinces where the state of emergency has been declared, and to continue the current practice for subsequent transactions.
IMF announced: How will the Kahramanmaraş earthquake affect the Turkish economy?
The International Monetary Fund (IMF) announced the estimated impact of the Kahramanmaraş earthquake on Turkey’s Gross Domestic Product.
Turkey is experiencing the biggest disaster in the history of the republic. The contactless payment method becomes prone to abuse in the chaos environment. Although the BRSA took this step in order to put the bank accounts of the earthquake victims in particular, the rule will be applied throughout the country.