The triumph of an unparalleled concept! Two decades of interbanking! CB's figures never looked better! Cartes 2004, CB on centre stage! CB bankcaard: an everyday item 3D Secure, moving on the test phase! Acquisition: the transformation of the CB system Bank making the commitment Retailers: security is the top priority Migration to EMV, the CB system adapts Distance selling, rentals, etc. The CB contact is changing too! SIBS, the cornerstone of Portugal's banking system EMV: FAQs EMV: current status in Europe

In Portugal, SIBS manages the national payment network and the migration to EMV.   The Portuguese card payment system is entirely managed by the interbanking organisation SIBS ("Sociedade Interbancária de Serviços"), a joint subsidiary of all the banks operating in the country established in 1983. Its aim was to introduce a single payment platform that met the banking establishments' needs while developing their facilities and technology, and extending their international scope. In 1985, the network became operational under the "Multibanco" name. With 33 shareholder banks, SIBS currently represents almost the entire Portuguese banking community. SIBS provides management and development services for the national payment network, interbanking services, and the interconnection between the banks and the international Visa, MasterCard, and American Express networks. SIBS is responsible for the development and integration of technological solutions for the national payment system, and is also the country's leading card personaliser. In 2003, Multibanco recorded over 1.1 billion bankcard transactions. The Portuguese market is still very debit card focussed: out of the 15.5 million bankcards in circulation in the country, only 3.5 million are credit cards. Introduced a few years ago, the microchip is currently only used for e-purse applications. It is planned to extend its use to bankcards by 2006 as part of the switch to the EMV standard. For more details, log onto: www.sibs.pt   PORTUGAL IN FIGURES 15.5 million bankcards. 9,600 automatic teller machines (ATMs).   1.1 billion transactions by bankcard in 2003. 139,000 Eftpos terminals. Back to top of page

– Automatic Fuel Dispensers (AFDs): security on tap – FINREAD heading for standardisation – Security: an international seminar     – Eftpos terminals must be certified CB 5.2/EMV     – CB: recognised expertise – CB welcomes the new european members – "Chip and pin": northern France gets maximum exposure!