Automatic Bank Services Ltd. Logo

Automatic Bank Services Ltd.

SHVA | TA

Overview

Corporate Details

ISIN(s):
IL0011581613
LEI:
Country:
Israel
Address:
26 Harokmim Building A., 5885849 Holon
Sector:
Financial and insurance activities
Industry:
Activities auxiliary to financial services, except insurance and pension funding

Description

Automatic Bank Services Ltd. (also known as SHVA) operates as a core provider of payment infrastructure and technological services for Israel's financial system. The company manages and maintains the national payment switch, facilitating the interbank network for ATM, credit, and debit card transactions. It serves as the central infrastructure for payment clearing and settlement, enabling secure communication between customers, merchants, and financial institutions. Through its subsidiary, the company also operates the Automated Clearing House (ACH), providing advanced systems for large-scale payment transfers, such as direct debits and credits for payroll and supplier payments. Its services are utilized by financial bodies, government institutions, and thousands of organizations.

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