Hyp

Hyp is a credit clearing company headquartered in Israel. It provides clearing services that enable the processing of credit card transactions for merchants. Its clientele includes food chains, fashion retailers, and small businesses. The company operates within Israel's payment ecosystem, facilitating the settlement of card‑based payments.

Hyp’s core function is to act as an intermediary that validates, routes, and settles credit card authorisations between merchants and acquiring banks. This role positions it as a specialized provider of clearing infrastructure rather than a issuer or acquirer. The firm’s services are described as essential for merchants that rely on card‑present and card‑not‑present transactions. No explicit data on its size, market share, or ownership is disclosed in the available sources.

On 1 May 2025 Hyp experienced a service‑disruption attack that partially impaired its ability to process credit card transactions. The incident caused clearing failures for its customers, leaving food chains, fashion retailers, and small businesses unable to accept payments. Hyp stated that the attack was intended to damage Israel's payment system, while other credit and clearing firms continued to operate normally. The disruption affected only a portion of the economic transactions that depend on Hyp’s clearing services.