Turkish Central Bank Updates Workplace Registration System Rules

The Central Bank of the Republic of Türkiye ("TCMB") has made updates to the Workplace Registration System ("İşyeri Kayıt Sistemi" or "İKS") Rules in collaboration with the Interbank Card Center ("Bankalararası Kart Merkezi" or "BKM"). These updates aim to streamline payment processes, prevent fraudulent activities, and enhance security in the field of payments. The revised rules are documented in İKS Rules Version 1.1, which has been officially released.

Key Highlights of the Updated İKS Rules:

1️) Introduction of "Workplace Registration System Data Sharing Services": This term now refers to secure data-sharing services between payment service providers ("PSPs") utilizing the infrastructure services of payment service providers facilitating payment services via BKM web services.