Irish Payment Services Organisation

The Irish Payment Services Organisation Limited (IPSO) was established in June 1997.[1] IPSO was a company limited by guarantee owned by its member banks.[2]

Its primary objective was to preserve the integrity and security of the bank payment system in Ireland - the systems used for the settlement of physical cheques as well as ATM transfers and debit and credit card purchases.

  1. ^ "IRIS — Aachen UCD Workshop on the Shape of Inter-Organisational Information Systems". UCD School of Business.
  2. ^ Keena, Colm (7 December 2001). "Payments system entry 'transparent'". The Irish Times. IPSO has nine shareholders. They are: AIB; Bank of Ireland; NIB; Ulster Bank; Permanent/TSB; First Active; the EBS; Bank Nationale de Paris; and the Central Bank.