In 2015, Postfinance was classified as systemically important by the Swiss National Bank in Switzerland and must comply with special rules on capital adequacy and liquidity and submit an emergency plan.[6] Postfinance traces its origins back to 1900, when the "Postcheck and Giro Service" was launched in Switzerland to enable the supply of cash via the network of the Swiss Post.When PTT was dissolved at the end of 1997 as part of a postal reform, the former payment transactions department became the Swiss Post subsidiary Postfinance.[14] Over the Easter weekend of 2018, Postfinance switched to the core banking system of the Indian provider Tata Consultancy Services.[20] In February 2022, the Russian oligarch and resident of Switzerland Viktor Vekselberg won a lawsuit against Postfinance after the bank had closed his account in 2018 following sanctions imposed on him by the US authorities.[26] If the bankrupt institution has sufficient liquid assets, deposits at domestic and foreign branches will be paid out immediately up to a maximum amount of CHF100.000 per client.[36][37] Since July 1, 2024, Beat Röthlisberger, previously Deputy Managing Director of Basellandschaftliche Kantonalbank, has been the Chairman of Postfinance Executive Board.Scorer points achieved are also linked to money sponsored by Postfinance for the promotion of young talent at the players' ice hockey clubs.