SHVA - The payments arena

Founded in 1978, SHVA (Automated Banking Services Ltd.) operates as the central credit card payment network in Israel, connecting card issuers, acquirers, and merchants. The company's core mission is to provide reliable, secure, and advanced payment processing services. SHVA processes the vast majority of Israel's card-present transactions, manages the national EMV standard, and offers additional services such as 3-D Secure for online payments, fraud prevention, and data services. After operating as a private consortium of banks for decades, SHVA became a publicly traded company on the Tel Aviv Stock Exchange in 2019.