International Card System AD - CaSys
International Card System AD Skopje (CaSys) is a system of multilateral deferred net settlement of payments with domestic brands of payment cards. CaSys manages the network of ATMs and banks' POS terminals and on their behalf executes authorization/diversion and processing of transactions carried out on these terminals. Settlement of net balances of participants is performed once per day, between 09:00 and 11:00 in MIPS.
The legal basis of the operations of CaSys as a payment system for multilateral deferred net settlement of payments by domestic payment cards is the Law on Payment Operations. Under the Law on the National Bank of the Republic of Macedonia and the Law on Payment Operations, the National Bank is authorized to oversee the safety, soundness and efficiency of payment clearing and settlement systems. Therefore, CaSys is subject to oversight by the National Bank.
Visit the website of the International Card System AD Skopje at the following link.