What happens when I type in my PIN number for my payment card in a shop? Who goes to collect the money from my account? How does this money get to the retailer’s account?
The National Bank provides a wide range of services for banks, notably by organising interbank payments. Nowadays, the vast majority of your payments are made in cashless form (by transfers, cheques) or electronically (using Proton, Maestro, etc.). Each of these payments generally involves the intervention of two banks: that of the person paying out and that of the payee. In each case, the National Bank serves as an intermediary by managing the different types of payment systems.