Entities that meet the following criteria may be participants in the SDA:
Requirements and procedure
Entities will submit the corresponding formal request to Iberpay via email firstname.lastname@example.org. The application processing period may not exceed 15 days and may be denied, by means of a reasoned resolution, if the interested entity does not meet the established access criteria.
If the application is accepted, the entity must sign the Adhesion Contract, through which it expressly accepts the provisions included in the aforementioned contract and the Basic Operating Rules of the service. Such contract will be the act that determines the incorporation of the requesting entity to the SDA. The effective incorporation of an entity to the SDA implies its participation in at least one of the Operating centers.
Credit institutions in a same banking group may represent each other in the different SDA Operating centers. It will be necessary to notify any changes in this representation.
A credit institution, when formalizing its membership or after, may request its representation by other credit institutions that do not belong to its banking group and already participating in the system, having to provide the reasons that justify this representation, one of which may be the lack of an account in TARGET2's payment module.
For furhter information related to the Cash Distribution System (SDA), you may contact Iberpay via the following email email@example.com.