SIBS - Forward Payment Solutions was founded in Portugal in 1983 and is currently one of the largest payment processors in Europe. It provides a broad one-stop-shop service range that is able to meet every client need across the payments system.

SIBS activities and functions extend beyond those typical to technological payment processors and automated clearing houses (ACH), providing additional scope for client synergies throughout the entire value chain.

The services portfolio offered by SIBS is unparalleled, ranging from innovative payment services, through terminal services in ATM and POS network management and full transaction processing for issuing & acquiring, to ACH processing capabilities (clearing all payment instruments – cheques and cards, as well as SEPA solutions in credit transfers and direct debits).

Client needs in the payments arena are further serviced by SIBS through complementary Business Process Outsourcing (BPO) services, such as payment process management or card personalization solutions and benchmark performing Security (fraud prevention) & IT Services.

SIBS handles transactions originating across various channels ranging from ATM and POS networks, Internet and mobile phones to onboard units for vehicles,contactless payments, etc.

Furthermore, SIBS handles all sort of payment instruments (e.g. cards, direct debits, credit transfers, cheques, etc.) as well as the interbank clearing of cheques, credit transfers and direct debits.