The Turkish Competition Authority evaluates a request from an insurance information company for an individual exemption or negative clearance for the payment method application which enables payment with the first six and last four digits of the card number (SBM)

This case summary includes an analysis of the Turkish Competition Board’s (“Board”) SBM decision [1] in which the Board evaluated Sigorta Bilgi ve Gözetim Merkezi’s (Insurance Information and Monitoring Center) (“SBM”) request for individual exemption or negative clearance for the payment method application which enables payment with the first six and last four digits of the card number to be used for the payments in the insurance sector along with the card holder’s Turkish identification number. The Board also evaluated SBM’s so-called payment getaway services in respect of on-us and not-on-us transactions within the scope of Article 4 and Article 5 of the Law No. 4054 on the Protection of Competition (“Law No. 4054”) and ultimately granted individual exemption for three years to SBM’s payment

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Authors

  • ELIG Gürkaynak Attorneys-at-Law (Istanbul)
  • ELIG Gürkaynak Attorneys-at-Law (Istanbul)
  • ELIG Gürkaynak Attorneys-at-Law (Istanbul)
  • ELIG Gürkaynak Attorneys-at-Law (Istanbul)
  • ELIG Gürkaynak Attorneys-at-Law (Istanbul)

Quotation

Gönenç Gürkaynak, Eda Duru, Betül Baş Çömlekçi, Esma Aktaş, Aslı Su Çoruk, The Turkish Competition Authority evaluates a request from an insurance information company for an individual exemption or negative clearance for the payment method application which enables payment with the first six and last four digits of the card number (SBM), 24 December 2020, e-Competitions December 2020, Art. N° 101324

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