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Identification codes

Identification code allocation

In Israel, payment system participants are identified using a unique identification code for each entity (previously known as a “bank code”).  The identification code enables payment service providers to operate in the payment systems, and serves the provider’s customers as part of their account identification information for making or receiving payments.

As part of the process of opening the payment systems to nonbank participants, the Bank of Israel decided that an identification code will be allocated to all payment services providers—bank and nonbank—that meet the conditions for receiving a code.  This will lead to a uniform way of identifying all payment service providers in the economy.

The allocation of an identification code is a part of the process of obtaining access.  For more information on the full process, please see the access guide published on the Bank of Israel website.

 

Cumulative conditions for receiving an identification code

 

Condition One

The entity must have a license, be in the process of obtaining a license, or be exempt from a license.

 

In accordance with the license types set out in the access conditions that are set from time to time by the Bank of Israel’s Payment Systems Oversight Unit, and as detailed in Appendix 1.

 

Condition Two

The identification code is required for participation in a controlled payment system or in a payment system that directly interfaces with a controlled payment system that requires the use of an identification code.

An identification code is required for the identification of participants in the controlled payment systems, and in some of them the code also serves payment service customers as part of the identification details of their payment account in order to make and receive payments.  Furthermore, there are payment systems that are not controlled, but that interface directly with a controlled payment system that requires its participants to use an identification code.

 

Bank of Israel discretion

Notwithstanding what is stated in Conditions One and Two, the Bank of Israel is permitted to determine, in special circumstances that justify it, that certain entities shall not be permitted to obtain an identification code.  In addition, the Bank of Israel is permitted to allocate an identification code to other entities at its sole discretion.  To be clear, the Bank of Israel is permitted to require any document and to enable a requester to make its case before making a final decision on the matter.

 

The Payment Systems Oversight Division shall determine the process for allocating the code, while making the necessary adaptations and in accordance with the circumstances of the matter.

 

The code allocation process

In order to ensure that the entity has as much of a chance as possible of operating in the payment system and providing payment services to its customers, the entity will be required to present a number of documents to the Payment Systems Oversight Division.

 

Contacting the Payment Services Oversight Division

In order to request an identification code, please contact the unit in writing at payments-oversight@boi.org.il.

The application must include the following details:

  •  Name of the requesting entity, the payment system in which it wishes to participate, and the type of participation in that system.
  • Accompanying documents: 

 

  • Entity with a license:
    • Final license from the entity’s regulator
    • Recommendation from the entity’s regulator that access to the payment system be granted following an examination of the business plan’s feasibility, including discussion of the services that the entity intends to provide to its customers within the payment systems and the requested participation type
    • Confirmation from the system operator that a request for participation in the system has been received
    • In the case of representation in the payment system by another participant (in rules and/or in settlement and/or in technical connection)—approval of such representation from the system operator       
  • An entity in the process of obtaining a license:
    • Confirmation of initial suitability for a license from the entity’s regulator or a conditional/temporary/initial license from the entity’ regulator
    • Recommendation from the entity’s regulator that access to the payment system be granted following an examination of the business plan’s feasibility, including discussion of the services that the entity intends to provide to its customers within the payment systems and the requested participation type.
    • Confirmation from the system operator that a request for participation in the system has been received
    • In the case of representation in the payment system by another participant (in rules and/or in settlement and/or in technical connection)—approval of such representation from the system operator  

 

  • An entity exempt from a license:
    • Documentation of the license exemption
    • Confirmation from the system operator that a request for participation in the system has been received
    • Confirmation from the system operator of the existence of a representing participant in the rules, settlement, or technical connection in the payment system.

 

The Payment Systems Oversight Division will examine whether the code applicant meets the conditions for obtaining an identification code.  If the request meets these conditions, the Division will approve the allocation of an identification code.

 

If a code is allocated as stated, and not used in accordance with the entity’s request in the payment system within two years from its allocation, the allocation will be cancelled.  Cancellation of the allocation will be announced in a press release.

 

Allocation of an identification code by the Banking and Financial Services Unit of the Bank of Israel’s Accounting Division

The Banking and Financial Services Unit of the Bank of Israel’s Accounting Division is responsible for the actual allocation and management of identification codes.  An identification code will be allocated after the entity that wishes to participate in the payment systems receives certification from the Bank of Israel’s Payment Systems Oversight Division.

 

The Banking and Financial Services Unit in the Bank of Israel’s Accounting Division will allocate an identification code to an eligible entity subject to a first-come first-served policy, based on the date on which the Payment Systems Oversight Division approves the allocation of the code to the participant.  The applicant will receive notice of the code number allocated to it, in parallel with the press release published regarding the allocation.

 

The actual use of the code number will follow its publication, and the code allocated to the entity will serve to identify it in all payment systems in which it is a participant.

 

Following the allocation of an identification code, and in order to complete the process, the entity will be required to send the system operator the necessary information to assimilate the code into its systems.  The payment system operators and participants will have to prepare for assimilation of the code in their systems no later than three months from the date the information is completed by the applicant.

Such preparations are necessary along the entire transaction chain in that system.

 

Identification codes list

 

Identification codes שם הגוף The entity name
0 קוד  לשימוש פנימי בכל גוף For internal use at any institution
1 מקס איט פיננסים בע"מ Max It Finance Ltd
2 בנק צפון אמריקה בע"מ Bank of North America Ltd
3 בנק אש ישראל (בהקמה) בע״מ Bank Esh Israel (in setup) LTD
4 בנק יהב לעובדי המדינה בע"מ Bank Yahav for State Employees Ltd
5 ישראכרט בע"מ Isracard Ltd
7 כרטיסי אשראי לישראל בע"מ Israel Credit Cards Ltd
8 בנק הספנות לישראל בע"מ Israel Shipping Bank Ltd
9 חברת בנק הדואר בע"מ Postal Bank Company Ltd
10 בנק לאומי לישראל בע"מ Bank Leumi Le-Israel Ltd
11 בנק דיסקונט לישראל בע"מ Israel Discount Bank Ltd
12 בנק הפועלים בע"מ Bank Hapoalim Ltd
13 בנק אגוד לישראל בע"מ Union Bank of Israel Ltd
14 בנק אוצר החייל בע"מ Bank Otsar Hahayal Ltd
15 אופק אגודת אשראי שיתופית בע"מ Ofek Credit Union Ltd
17 בנק מרכנתיל דיסקונט בע"מ Mercantile Discount Bank Ltd
18 וואן זירו הבנק הדיגיטלי בע"מ One Zero Digital Bank ltd
20 בנק מזרחי טפחות בע"מ Bank Mizrahi-Tefahot Ltd
21 נימה שפע ישראל בע"מ Neema Shefa Israel ltd
22 סיטיבאנק, אן.איי  Citibank N.A
23 אייצ' אס בי סי בנק HSBC Bank plc
24 בנק אמריקאי ישראלי בע"מ American Israel Bank Ltd
25 בי אן פי פאריבס אס איי   BNP Paribas Israel
26 יובנק בע"מ U-Bank Ltd
28 בנק קונטיננטל לישראל בע"מ Continental Bank of Israel Ltd
31 הבנק הבינלאומי הראשון לישראל בע"מ First International Bank of Israel Ltd
32 בנק למימון ולסחר בע"מ Finance and Trade Bank Ltd
33 בנק מרכנתיל לישראל בע"מ Mercantile Bank of Israel Ltd
34 בנק ערבי ישראלי בע"מ Arab-Israeli Bank Ltd
35 גרואו פיימנטס בע"מ GROW PAYMENTS LTD
37 בנק אלאורדון Bank of Jordan
38 בנק אל תיג'ארי אלפלסטיני  Commercial Bank of Palestine
39 דה סטייט בנק אוף אינדיה  State Bank of India
43 בנק אלאהאלי אלאורדוני  Jordan National Bank
46 בנק מסד בע"מ Bank Massad Ltd
47 גלובל רמיט שירותי מטבע בע"מ Global Remit - Currency Services Ltd
48 קופת העובד הלאומי לאשראי וחיסכון נתניה National Worker's Credit and Savings Fund Netanya
49 אלבנק אלערבי  Arab Bank plc
50 מרכז סליקה בנקאי בע"מ Bank Settlement Center Ltd. (MASAV)
52 בנק פועלי אגודת ישראל בע"מ Poalei Agudat Yisrael Bank Ltd
54 בנק ירושלים בע"מ Bank of Jerusalem Ltd
59 שירותי בנק אוטומטיים Automatic Bank Services (Shva)
60 קארדקום סליקה בע"מ Cardcom Acquiring LTD
61 טרנזילה בע"מ Tranzila Ltd
62 שירותי קורספונדנציה בע"מ Correspondent Services Ltd
66 בנק אלקאהירה עמאן Cairo-Amman Bank
67 בנק אלעקארי אלערבי  Arab Land Bank
68 בנק מוניציפל בע"מ  Municipal Bank Ltd
71 בנק אלאורדון ואלחליג' Jordan Gulf Bank
73 בנק אלאסלאמי אלערבי  Arab Islamic Bank
74 בנק HSBC המזרח התיכון HSBC Bank Middle East
76 בנק אלאסתתמאר אלפלסטיני  Palestine Investment Bank
82 בנק אלקודס ללתמניה וללסתתמר  Al-Quds Bank for Development and Investment
83 בנק אלאתיחאד ללדיכאר ואלאסתתמאר Union Bank for Savings and Investment
84 בנק אלאסכאן The Housing Bank
86 אטמס מטריקס בע"מ A.T.M.S Matrix Ltd
89 בנק פלסטין  Bank of Palestine
93 בנק אלאורדון ואלכווית Jordan Kuwait Bank
97 גופים מיוחדים Special Entities
99 בנק ישראל Bank of Israel

 

 

To download the list of identification codes in a file, please click here.

 

 

Appendix 1 – License types that allow access to the payment systems

  • Banking corporation / merchant acquirer (prudential payment service provider)
  • Auxiliary corporation that has received approval from the Banking Supervision Department
  • Deposit and credit union
  • Financial asset service provider (corporation)
  • Credit intermediation system operator (corporation)
  • Payment company—after the Regulation of Business in Payment Services and Payment Initiation Law, 5783–2023 takes effect
  • An entity exempt from a payment company license, since the means of payment is restricted to a low amount or volume as set forth in the regulations based on the Regulation of Business in Payment Services and Payment Initiation Law, 5783–2023 once they are complete.
  • The Postal Bank
This page was last updated on: 17/03/2024