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Shaparak is the domestic payment network of Iran, established in 2010. It provides services for processing electronic payments, including credit and debit card transactions, and is regulated by the Central Bank of Iran. Shaparak plays a crucial role in the country's financial infrastructure, facilitating secure and efficient electronic transactions. Key functions and features of Shaparak include: 1. Payment Processing: Shaparak enables the processing of various types of electronic payments, including point-of-sale (POS) transactions, online payments, and mobile payments. It acts as an intermediary between financial institutions, merchants, and cardholders to facilitate secure and reliable payment processing. 2. Interbank Transactions: Shaparak facilitates interbank transactions, allowing for the transfer of funds between accounts held at different Iranian banks. This functionality is essential for enabling seamless financial transactions across the country's banking network. 3. Regulatory Compliance: As a payment network, Shaparak is subject to regulatory oversight by the Central Bank of Iran. It is required to adhere to specific standards and guidelines to ensure the security and integrity of electronic payment systems in the country. 4. Card Issuance and Acceptance: Shaparak oversees the issuance and acceptance of payment cards, including credit, debit, and prepaid cards, within the Iranian financial system. This involves establishing standards for card security, authorization processes, and transaction settlement. 5. Security and Fraud Prevention: Shaparak is responsible for implementing security measures to protect electronic payment transactions from fraud and unauthorized access. This includes the use of encryption, tokenization, and other security protocols to safeguard sensitive cardholder data. 6. Payment Infrastructure Development: Shaparak contributes to the ongoing development and enhancement of Iran's payment infrastructure. This may involve the introduction of new technologies, standards, and payment solutions to improve the efficiency and security of electronic transactions. Overall, Shaparak plays a vital role in the modernization of Iran's payment ecosystem, supporting the transition from traditional cash-based transactions to electronic payments. Its functions encompass a wide range of services related to payment processing, interbank transfers, card issuance, and security, all of which are essential for a robust and reliable financial system."

• Shaparak is the domestic payment network of Iran, established in 2010. It provides services for processing electronic payments, including credit and debit card transactions, and is regulated by the Central Bank of Iran. Shaparak plays a crucial role in the country's financial infrastructure, facilitating secure and efficient electronic transactions. Key functions and features of Shaparak include: 1. Payment Processing: Shaparak enables the processing of various types of electronic payments, including point-of-sale (POS) transactions, online payments, and mobile payments. It acts as an intermediary between financial institutions, merchants, and cardholders to facilitate secure and reliable payment processing. 2. Interbank Transactions: Shaparak facilitates interbank transactions, allowing for the transfer of funds between accounts held at different Iranian banks. This functionality is essential for enabling seamless financial transactions across the country's banking network. 3. Regulatory Compliance: As a payment network, Shaparak is subject to regulatory oversight by the Central Bank of Iran. It is required to adhere to specific standards and guidelines to ensure the security and integrity of electronic payment systems in the country. 4. Card Issuance and Acceptance: Shaparak oversees the issuance and acceptance of payment cards, including credit, debit, and prepaid cards, within the Iranian financial system. This involves establishing standards for card security, authorization processes, and transaction settlement. 5. Security and Fraud Prevention: Shaparak is responsible for implementing security measures to protect electronic payment transactions from fraud and unauthorized access. This includes the use of encryption, tokenization, and other security protocols to safeguard sensitive cardholder data. 6. Payment Infrastructure Development: Shaparak contributes to the ongoing development and enhancement of Iran's payment infrastructure. This may involve the introduction of new technologies, standards, and payment solutions to improve the efficiency and security of electronic transactions. Overall, Shaparak plays a vital role in the modernization of Iran's payment ecosystem, supporting the transition from traditional cash-based transactions to electronic payments. Its functions encompass a wide range of services related to payment processing, interbank transfers, card issuance, and security, all of which are essential for a robust and reliable financial system.