BIPS is a payment system for execution of domestic (i) credit payments and (ii) instant credit payments. It is operated by Bankart d.o.o.

The settlement of monetary claims and liabilities among participants of the payment system is carried out by Bankart d.o.o. through the reallocation of ownership of funds provided in advance in its special (technical) account in TIPS, by means of an appropriate adjustment of the positions of stakeholders as part of execution of an individual (instant) credit payment.