Gil Korach

SHVA - The payments arena is the national switch system for Debit and Credit Cards in Israel. A.B.S. processes millions of transactions every day by connecting all acquires, issuers, banks, international schemas and hundred of thousands of businesses in Israel. In June 2019 the company was listed on the stock exchange and became a public company without any controlling interest. A.B.S. stands at the forefront of technology in the world of finance. The company manages and develops advanced solutions based on computing systems and functional continuity capabilities. A.B.S.'s vision is to be a leading, efficient, stable, innovative and expanding technological foundation for the entire financial market in Israel. A.B.S.’s main area of activity is the operation of the national card payment system, which maintains continuous, multi-directional communication between businesses, and card clearers and issuers. The system is intended for the approval and collection of all transactions carried out in Israel through debit and credit cards. Additionally, A.B.S. leads the management and operation of clearing interfaces and the ATM switching system in Israel in a uniform manner. The company works with distributors and manufacturers, provides services to businesses and operates the certifications switch on ATM devices deployed throughout Israel. Through its activities, A.B.S. serves as a central hub and national infrastructure for credit card clearing, working with all credit card companies, both clearers and issuers.