TROY a strategic initiative which is supported by all Turkish banks and BKM, announced central role in the development and rollout of Turkey’s first domestic scheme.
FIME today announces its central role in the development and rollout of Turkey’s first domestic scheme, TROY (Turkey’s Payment Method). TROY is a strategic initiative supported by all Turkish banks and managed by BKM (Interbank Card Center of Turkey). FIME was selected by BKM in 2015 to provide consultancy and training at the launch of the project. FIME was then engaged to define the scheme’s technical specifications, develop the certification body and process, and define test tools prior to the commercial launch of the new scheme for contact payments in April 2016. This was followed by the successful launch of contactless payments in April 2017.
FIME’s test tools are qualified, and laboratories accredited, to support Turkish issuing and acquiring members in integrating with the scheme and launching TROY products and services. FIME is also working closely with payment terminal manufacturers and kernel developers to develop and certify TROY-compliant products.
“We decided two years ago that the time was right and FIME treated us like a scheme from the start,” comments Cenk Temiz, Executive Vice President for Card Payment Systems, at BKM. “Its consultancy, training and local support guided us through the whole process and we successfully launched the second phase of the scheme in April. We look forward to building on our close relationship as we work to drive adoption of contactless and, in time, mobile payments in Turkey.”
“The Turkish market is evolving quickly and the development of a local scheme adds real value to an increasingly sophisticated payments infrastructure,” comments Arnaud Peninon, Vice President, Consulting & Engineering at FIME. “Having been central to the entire project, we are now ideally placed to help issuing and acquiring members to support the scheme. With contact and contactless card payment options already enabled, we are now working with BKM to enable secure mobile contactless payments for Turkish banks and consumers.”
FIME uses its TROY-qualified EVAL, Savvi, Global and PersevalPro Issuer test tools to provide formal certification testing. The tools are available to all stakeholders for in-house pre-certification testing to identify and prevent issues that can delay launch.
FIME offers comprehensive consulting services, technical training, technology design, test tools and certification testing across the financial services, telecom, transport and identity sectors. Its experts support projects from start to finish, resolving the technical challenges its customers face when implementing a complete portfolio of specifications, standards and multi-brand industry requirements.
FIME speaks the language of its customers and uses its 20+ years of experience to ensure that card and mobile transactions services are implemented efficiently and successfully. It supports a range of technologies including contact, contactless, EMV chip, near field communication (NFC), host card emulation (HCE), tokenization, secure element (SE), machine to machine (M2M), internet of things (IoT) and trusted execution environment (TEE).
Partnering with the international and national payment schemes, and industry bodies, FIME ensures its multi-brand offering is always aligned with the latest market requirements.
FIME. One Action. A billion transactions.
Established in 1990, the operations of BankalararasÄ± Kart Merkezi (BKM) in the field of card payment systems are:
– Validating interbank transactions and performing clearing;
– Finding solutions to common problems;
– Performing strategic operations throughout the country for card payment systems; and
– Developing the rules and standards for domestic cards.
Considered as a model throughout the world thanks to its productive operations and high transaction volume, with its solid technical hardware, infrastructure and human resources, BKM is continuing on its efforts to provide the best service to its members, retail industry, public and cardholders in the field of card payment systems.