GIE CB Definition.

Cartes Bancaires economic interest grouping (GIE), created in 1984. It governs the CB scheme (operating rules, security, equipment approval, interbank interoperability) for about 100 members, both banks and payment institutions. It does not process transactions itself: authorizations flow between members, and clearing goes through STET. It is the historical architect of French interbank interoperability and a textbook case of a resilient domestic scheme.

See also

→ Cartes Bancaires (CB)→ STET

Where this term appears

GuideThe four-party modelGuideThe role of banksGuidePayment schemesGuidePayments in FranceGuideA global history of paymentsGuideDomestic card schemes around the worldGuidePOS terminals and in-store payments around the worldGuidePayment cardsGuideApple Pay, Google Pay, and other walletsGuideIn-store paymentsGuideAuthorizationGuideInterchange and fees

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