ATM card

The proliferation of digital channels and the increased cost of carrying cash due to high inflation have boosted the use of debit and personal credit cards (PCCs), the Central Bank of Türkiye has said.

Banks are considering replacing fees for each transaction with monthly fees that will vary according to the package the customers use.

More expensive packages will come with more benefits, but, in any case, are planned to cost no more than 10 euros per month.

Bill payments and money transfers account for the vast majority of electronic transactions currently subject to a fee.

The Turkish banking regulator has decreed that the threshold for contactless payments will be raised by 100 percent to 1,500 Turkish Liras as of July 1.

Warning from the Bank of Greece about the increase in the number and the value, of card fraud incidents – The types of transactions that are most susceptible

Use of credit and debit cards in Greece expanded 12.8 percent in the second quarter of 2019, but the average value of each transaction declined, according to data published on Tuesday by the Hellenic Bank Association.

Evangelos Papaevangelou went on the offensive on Friday, claiming that his company's activities in China are legal. To date the firm has sold over 150 Greek properties to Chinese investors.

A mobile team of border police and customs officers seized a package of bank card sklimming devices transported by car to a country from Western Europe, the Ministry of Interior announced on 31st iof October, reports BNT. 

Extensive problems were reported over the weekend in the use of National Bank credit and debit cards, due to problems with the online network that supported the lender's electronic transactions.

A Bulgarian, involved in ATM (automated teller machine) skimming, was shot dead by masked assailants at 10:20 p.m. on Thursday as he traversed Kalayaan Avenue in Quezon City. When Orlin Grozdanov Stoev, 38, approached Kamias Road at Barangay Pinyahan, the suspects opened fire at him.

Taxpayers who use their credit and debit cards for transactions will have to wait until March for the Finance Ministry to issue its decision on the various state lotteries and prize draws. Deputy Minister Katerina Papanatsiou noted however that although the decision will not be released until the end of March, the draws will include card transactions conducted since January 1.