The Company
National Automated Clearing House for interbank transactions
Profile

DIAS INTERBANKING SYSTEMS S.A. launched its operations in 1989 and constitutes the national Automated Clearing House. The Company's shareholders are the Bank of Greece and credit institutions, as follows:

DIAS has developed and is responsible for the operation of DIAS Payment System through which domestic and cross-border interbank payments are cleared and settled. DIAS Payment System includes the following payment schemes: credit transfers, direct debits, card payments, checks, and ATM transactions. Most credit, payment, or electronic money institutions operating in Greece participate in DIAS Payment System. At the same time, its connection to other payment systems operating within the Single European Payments Area (SEPA) provides access to Payment Service Providers within the Euro Area.

DIAS serves as the Greek hub of credit transfers and direct debits. These schemes that are designed in compliance with the specifications set by the second European Payment Services Directive (PSD2) and the Greek Law No 4537/2018, facilitate payments and fund collection procedures. DIAS is overseen directly by the Bank of Greece (BoG) and indirectly by the European Central Bank (ECB). DIAS Payment System also complies with the European Payment Council (EPC) SEPA payment schemes. DIAS offers its services to the Greek Public sector (National Social Security Fund-EFKA, Independent Authority for Public Revenue-IAPR, General Accounting Office, Cadastral Office, municipal water supply and sewerage companies, municipalities, etc.), as well as to the private sector (major electricity and telecommunication companies, insurance companies, companies in the betting industry, etc.).

The Company's Data Center provides a fully-featured, end-to-end solution that any bank or organization can use to access the DIAS Payment System. It is designed on a cutting-edge open architecture method. Hence, it complies with the latest messaging standards and supports multiple communication methods. In the Data Center, suitable and modern infrastructure has been established and solutions of high availability have been adopted, so that the Payment System operates uninterruptedly. In addition, DIAS functional Data Center offers third-party hosting services (Data Center colocation services).

DIAS has significant presence in the field of “account to account” transactions. In this context and in cooperation with Greek commercial banks, it introduced the IRIS Online Payments (for payments via mobile phone/computer) and IRIS e-commerce (for e-shop payments) products.

The Company’s strategy is to develop innovative payment solutions, in cooperation with the financial ecosystem. Its services are addressed to both the public and private sectors in order to contribute to payments modernization and strengthen the national economy.

History
Vision, values & mission

Vision

  • To be the central clearing and settlement hub for electronic payments in Greece.
  • To assist in making the adoption of electronic payments in Greece seamless and their use as intuitive as possible.

Values

Innovation

We use state-of-the-art, proven technologies and methodologies to build our portfolio of service offerings, continually seeking ways to improve on existing practices and ways of thinking and generating out-of-the-box ideas and new approaches.

Focus on Customers

We are driven by an ongoing desire to understand and respond to the needs of our existing and potential customers by cultivating a friendly and secure financial payment ecosystem.

Respect

Mutual respect, professional conduct and compliance with rules and regulations are vitally important for safeguarding our business Purpose and Values.

Team Spirit

We enable and support people to work together, realize their potential and achieve results by working as a team.

Mission

To strengthen our pivotal role in the sector of electronic interbank payments.

Responsibility & Sustainability

RECYCLING

With a heightened sense of responsibility for protecting the environment and conserving natural resources, DIAS works consistently to reduce its environmental footprint. It is committed to operating in an environmentally responsible manner through a number of actions, such as recycling of paper, plastic, aluminium, batteries and decommissioning/recycling of outdated computer and mechanical equipment.

SOCIAL RESPONSIBILITY

DIAS is an active member of society and supports social actions and initiatives.

Support for the effort to combat COVID-19: To bolster efforts to combat the Covid-19 pandemic, the Company decided to donate medical equipment and supplies to the SOTIRIA Athens General Hospital for Thoracic Diseases and the IPPOKRATEIO General Hospital of Thessaloniki.

In April 2020, measures to mitigate the economic impacts of the pandemic began to be implemented. The emergency allowances the government paid in 2020 to wage earners, scientists and businesses through DIAS services, were provided without charge.

Action Aid: As part of its real support to the multifaceted work of ACTION AID, DIAS decided in October 2008 to take part in the “CHILD SPONSORSHIP” program.

Race for the cure: The Ccompany has been actively involved for a number of years in holding the Race for the Cure, an event aimed at significantly raising public awareness regarding breast cancer.

Hospice for neuro-disability: The Company donates essential items.

Lighthouse for the blind of Greece: Support for materials used in creative activities and socialization for people with vision impairment.

Ark of the world: DIAS supports the work of Ark of the World, a volunteer non-profit group providing care and protection for mothers and children, housing underage children from single-parent families or without parents living in difficult conditions.