International Journal of Academic Research in Accounting, Finance and Management Sciences Vol. 5, No.2, April 2015, pp. 86–92 E-ISSN: 2225-8329, P-ISSN: 2308-0337 © 2015 HRMARS www.hrmars.com Assessment of the Influence of Interbank Information Exchange Network (Shetab or Acceleration System) on Commission Revenues of the Banks Listed in Tehran Stock Exchange Hamid Reza NIKNAMFARD 1 Mohammad KHEIRY 2 Karim NE’MATI 3 1 Financial Management, Islamic Azad University, Qeshm International Branch, Iran, 1 E-mail: niknam.h@chmail.ir 2 Financial Management, Department of Management and Economics, Payame Noor University, Iran, 2 E-mail: kheiry_369@yahoo.com 3 Department of Accounting, Islamic Azad University, Marvdasht Branch, Iran Abstract In recent years, the use of technology information in Iranian industries service, particularly banking industry, has been dramatically increased. Acceleration or handling payment system as a basic platform to transfer electronic funds provides technology-based banking conditions by creating a center via the banking network. Accordingly, in this paper, the impact of accelerated network establishment duration on the commission incomes of Iranian banks was evaluated. The results were indicative of the positive impact of “Shetab” network on commission revenues of Iranian banks. Key words Electronic banking, payment system, Interbank Information Exchange Network (Shetab or Acceleration System), commission incomes DOI: 10.6007/IJARAFMS/v5-i2/1613 URL: http://dx.doi.org/10.6007/IJARAFMS/v5-i2/1613 1. Introduction Changes in the field of e-banking development have left a significant effect on the banks’ activities to increase incomes diversities. Not so long ago, the major part of the banks’ incomes was earned through bank facilities, but in recent years, banks have succeeded to reduce their income dependencies on the interest rates associated with high fluctuations by turning to earning from banking services and commissions. By collecting, classifying, and analyzing the data from the customers’ transactions, creating a mix of products and a distinctive brand, development and improvement of financial services, banks have been able to earn significant revenues (Botshekan, 2013). The beginning of the 80s (solar calendar) coincided with the definition and advance of a plan, which later took the name of a comprehensive payment system. At the same time, in 2001, the Bank of International Settlements (BIS) finalized and published 10 principles of the "Basel Committee" in terms of the payment and settlement systems with the participation of the world's major central banks. Comprehensive payment system plan based on the principles of the "Basel Committee" consisted of an important document: Payments Strategy. This important document was written and approved by the Central Bank of Iran in 2003. According to this strategy, Satena and Paya, Shetab, and Namad were defined as the mass payment system, switch of national card, security bed, prevention and backup systems, respectively, as their positions were determined in the Iranian banking system. Today, the importance of Shetab, Satena, and Paya systems and their critical infrastructure roles in the Iranian banking system are not unknown to anyone, whether urban or rural people, banking or non-banking agents, or employees, merchants, and businessmen (Ahmadi, 2012). By creating Shetab center, the cards of all bank’s members are useable with the observance of Point of Sale (POS) and Automated Teller Machine (ATM) standards of online payment portals, telephone banking, etc. related to other banks and PINPAD branches. As a result, by optimal investments in POS and ATM