Client Update: Capital Markets

December 1st 2019

On November 27, 2019, the Bank of Israel has published an outline to accelerate the implementation of the EMV standard in Israel. At the same time, the Banking Supervision Department issued appropriate amendments to Proper Banking Management Regulations 470 (debit cards) and directive 472 (clearing and clearing of debit card transactions). In accordance with the outline, as of July 31, 2022, the standard will be fully adopted in Israel, thus completing the implementation and advanced payment technology in the entire Israeli economy.

Click here for the full update (in Hebrew).

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