18/05/2022

What is Provision?

Provision is the amount in an account or check of the bank that is spent during the shopping process.

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Provision is the financial equivalent of the amount in an account or check belonging to the bank that is spent during the shopping process. 

Provision, which means "pre-approval process" in online shopping or shopping made from stores, is frequently encountered by users. This process sends a notification to cardholders in cases such as shopping with stolen cards, thanks to the notification sent to the bank. In this way, the transactions in the provision are controlled electronically. Provision means that the amount spent after shopping is approved by the bank on the electronic medium. This approval process starts from the time the payment is received during a purchase with a card. The payment is then presented to the cardholders in the "transactions in the authorization" section of the credit cards. Since card movements can be easily controlled in this way, situations such as card theft or various frauds are prevented. 

What Does Provisioning Transactions Mean? 

It is the general name of the pre-approval process that takes place until the money in the account is transmitted during the transactions in the provision, the process of shopping with credit or debit cards. These transactions are among the measures taken by banks against unrequited purchases, as well as being a guarantee for cardholders in cases such as fraud or theft. The transactions in the provision put the approval process on hold and reveal whether there is a problem in the expenditures. The pending provision covers the transfer of the money to the relevant account after the users make purchases with their cards. This waiting period is important for banks to prevent suspicious purchases in any case. After shopping, a waiting period starts at the provision. 

The pending provision is not deducted from the expenses and therefore it is possible to cancel it until the approval process is completed. 

How to Cancel Pending Provision? 

For the cancellation of the pending provision, the bank should be contacted and informed why the provision should be canceled. If the bank accepts the reason for the cancellation of the pending provision, the shopping transaction will be canceled during the provisioning process without reflecting on the bank or credit card. 

How Long Does a Pending Provision Take? 

The pending provisioning process is usually 1 day for banks, but in some cases this process can take up to 2 days due to pos machines. 

What is the Process in Provision? 

Provisioned transactions are known as transactions during the shopping process where banks can measure the consistency of personal information and card information before receiving the payment.

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GDRP Clarification Text

  • This Information Text on the Processing of Personal Data (“Information Text”), Bakiyem Payment Solutions and Technologies A. Ş. As the (“Company”), the Law on the Protection of Personal Data of 6698 (“KVKK”), the data controller, the 10th truth about the “Clarification of the Data Controller” and the 11th about the “Related Rights” in the KVKK; For what purpose it will be processed personally, it can be explained as to who the processed target may be, how to describe it personally, what I can tell about it and what KVKK will be said personally, to provide information about the person and to obtain your consent in the completion.
  • To make us use it to make it convenient. In this direction, we take the technical and civil environment for personal control, to protect against attack, disclosure.

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  • The company can be limited to a training that can be navigated between your preferences in the training throughout the website and a limited training again.
  • The full address of the company is Bahçelievler Mah. 323/1 Cad. B Block Gazi University Technopolis Building No: 1050B-15 Gölbaşı-Ankara Tax No: 13307841. KVKK Company “Data Supervisor” demonstrates its potential regarding the project.
  • Company internet can be designed comprehensively.
  • The services being rendered require personal and/or private details of the persons concerned. This collected and aforementioned security measure is processed in the relevant form of KVKK.
  • It is intended for high personal use, in accordance with the basic principles by the Law and in accordance with the 5th and 6th of the Law, personal processing can be done, the company will be able to process your part.
  • Goods promotion offered by the customer, product information and customer information, promote the image, product promotion, service and communication, special promotion / promotion / promotion / special promotion for promotions, promotion forecasts for a better shopping, customer survey, customer promotion, customer promotion applications and analysis, control, data, training, review, trend understanding, use in marketing and services, planning and execution of orientation, display, promotion, advertising, promotion, promotion, promotion and research applications, information about the user ideal, corporate user , planning and executing user and user goals, planning and implementing trainings related to their work, obtaining information about health services that can be provided and applied while accurate and up-to-date information is available, training and follow-up of users' records, implementation of processes and works related to support services, legal processes. commemoration and use of the rights arising from the legislation, usage and expression of contractual education as required, etc. Our compliance with the legislation regarding the activities within the scope of the Card and other loyalty program,
  • For the transactions sent by the business related to the commercial purchase and sale transactions sent by the company and the transactions within the scope of the related business,
  • Planning and execution of the company's commercial and/or business opportunity,
  • Termination of technical and commercial-work about the company and those related to the business,
  • To be done to aim to save, to achieve the relevant targets undertaken, to train our rights from preparing and arranging our products to be placed,
  • To be able to provide information when necessary and for the main public purpose, in order to ensure public safety,

As evidence that may arise
As a Company, with the Data Controller, primarily the Turkish Commercial Code No. 6102, the Law on the Protection of Personal Data No. 6698 (“KVKK”), the Law No. 6502 on the Protection of Consumers, the Turkish Penal Code No. 5237, the Publications Arranged on the Internet No. 5651 and the Processed Through These Publications. about the relevant Law and the use of the relevant comprehensive design, about the 65 Law and related practices related to the Regulation of Electronic Commerce and personal information about our intended purposes and target from all over the world.