BKM stands for "Bankalararası Kart Merkezi" in Turkish, which can be translated to English as "Interbank Card Center." It refers to a centralized system that facilitates electronic payments and transactions among banks and financial institutions in Turkey. BKM is responsible for the development, management, and coordination of various payment systems and services in the country.
As a key player in the Turkish financial industry, BKM acts as an intermediary between member banks, ensuring secure and efficient communication and data exchange during payment processes. It plays a significant role in establishing standards and protocols for electronic payment systems, promoting interoperability, and enhancing the overall payment infrastructure in Turkey.
BKM primarily operates electronic fund transfer systems such as online banking, ATM transactions, credit/debit card transactions, and mobile payments. It also provides services like collection and distribution of transaction data, fraud management, and risk assessment to its member banks.
The organization continuously monitors and evaluates technological advancements and global payment trends to adapt its systems and services accordingly. It works closely with banks, payment service providers, merchants, and relevant regulatory bodies to foster innovation, enhance customer experiences, and ensure the integrity and security of electronic payment processes in Turkey.
Overall, BKM plays a crucial role in enabling smooth, efficient, and secure financial transactions within the Turkish banking system, benefiting individuals, businesses, and the economy as a whole.
