ServiRed relies on three fundamental points to provide their services

The most important functions that ServiRed performances in its desire to meet the objective of replacing the cash are as follows:

1. To guarantee the total interoperability of the transactions carried out with card at national level, through the joint work and constant with the other two national schemes that operate in the Spanish territory;

2. Ensure international access to the cardholders of the served cards, through direct connections with international schemes (Visa, MasterCard, American Express, Diners Club, JCB, Union Pay International, etc);

3. To guarantee acceptance of the cards issued in other countries operating in the shops acquired by the entities that are part of the ServiRed scheme;

4. Ensure the correct use of the serviced mark, the designs of the cards and the different characteristics of the products emitted by the ServiRed entities, in compliance with the operating regulations of ServiRed and any other applicable legislation.

5. Ensure the correct signalling of trades and acceptance terminals (POS and ATMs), as well as the correct functioning of such devices;

6. To carry out the process of authorization, compensation and liquidation of the exchange operations between its group of members and between the latter and the other networks of payment means. All this, in a clean, fast and without incidents;

7. Certify the solutions proposed by terminal manufacturers to the entities, in order to ensure their correct operation once these terminals are connected to the central Exchange system;

8. To arbitrate against eventual incidents that may be presented by financial institutions as a result of the use of the shared network.

9. Prevent, detect and prosecute fraud.