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Currence
Currence is a Dutch association set up the banks that coordinates the payment systems in the Netherlands. Its aim is to "facilitate and provide market transparency while maintaining the quality and safety of the payment systems of the Netherlands." Currence's CEO is Piet Mallekoote. History Currence was founded on 1 January 2005 through an initiative by eight Dutch banks (ABN AMRO, Rabobank, ING Groep, Fortis (finance), Fortis, SNS Bank, Bank Nederlandse Gemeenten, BNG, Friesland Bank and Van Lanschot Kempen). It was originally known as ''Brands & Licences Betalingsverkeer Nederland B.V.'' during its development stage and was renamed as Currence from the 17 May 2005. Aims and responsibilities It is responsible for coordinating payment methods and facilitating cooperation between payment providers by providing standards and transparency while maintaining the quality and safety of the payment systems in the Netherlands. It attempts to do this by setting clearly defined standard ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chipknip
Chipknip (a portmanteau of '' chip card'' and ''knip'', Dutch for purse) was a stored-value payment card system used in the Netherlands. Based on the Belgian Proton system, it was started by Interpay on October 26, 1995, as a pilot project in the city of Arnhem and a year later rolled out countrywide. Chipknip was taken over by Currence due to a restructuring on May 17, 2005, who managed it with their licensees until its discontinuation on January 1, 2015. The Chipknip was primarily used for small retail transactions, as the card could contain a maximum value of 500 euros. The money needed to be transferred from a card holders main bank account using a loading station which were generally located next to ATMs. In 1996, The Postbank left the Chipknip project and started the Chipper project with other organisations such as PTT Telecom to compete with the Chipknip until 2001, when it merged into the Chipknip system. Its peak was in 2010, when a total of 178 million transactions ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PIN (debit Card)
PIN was a debit card brand in the Netherlands from 1990 until 2012, owned by Currence. PIN was a magnetic stripe card, which never migrated to the EMV chip. It was therefore discontinued in 2012, after the switch-over from magnetic stripe authentication to EMV chip authentication in the Netherlands was completed. PIN was replaced by Maestro and V Pay debit cards, but as most PIN cards were already co-branded with Maestro long before 2012, consumers noticed little of the change. Like in many neighbouring countries, the PIN debit card often doubled as a cheque guarantee card for Eurocheque until those cheques were abolished on 1 January 2002. In contrast to its neighbouring countries (e.g. Belgium's and Germany's Girocard), the Netherlands has not operated a national debit card network since 2012. History In 1987, the Dutch Central Bank investigated the possibility of merging the individual debit card schemes of the various banks in the Netherlands into a single system. This le ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nonprofit Organization
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a Profit (accounting), profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be Tax exemption, tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without securing tax-exempt status. Key aspects of nonprofits are accountability, trustworth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Friesland Bank
Friesland Bank was a Dutch retail bank originally focusing on the northern provinces of the Netherlands, Friesland, Groningen (province), Groningen, Drenthe, Overijssel, and North Holland. On 2 April 2012 Friesland Bank announced that it would become a 100% daughter of Rabobank Nederland after a merger plan with NIBC Bank, NIBC was blocked by De Nederlandse Bank. History Founded in 1913 as the Coöperatieve Zuivelbank ''(Co-operative Dairy bank)'', it affiliated with "Raiffeisenbank". However, as Raiffeisenbank merged with the Boerenleenbank to form Rabobank, the Coöperatieve Zuivelbank was once again fully independent. In 1970, the company changed its name to Friesland Bank. Originally operating only in Friesland itself, Friesland Bank started opening branches in the northern Netherlands in the 1990s. In 2011, the bank was in dire straits, suffering a loss of € 350 million, partly as a result of an extra write-down on the interest in Van Lanschot and loan losses. Van Lans ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services In The Netherlands
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability ass ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payment Systems Organizations
A payment is the voluntary tender of money or its equivalent or of things of value by one party (such as a person or company) to another in exchange for goods, or services provided by them, or to fulfill a legal obligation. The party making the payment is commonly called the payer, while the payee is the party receiving the payment. Payments can be effected in a number of ways, for example: * the use of money, cheque, or debit, credit, or bank transfers, whether through mobile payment or otherwise * the transfer of anything of value, such as stock, or using barter, the exchange of one good or service for another. In general, payees are at liberty to determine what method of payment they will accept; though normally laws require the payer to accept the country's legal tender up to a prescribed limit. Payment is most commonly effected in the local currency of the payee unless the parties agree otherwise. Payment in another currency involves an additional foreign exchange transactio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IDEAL
Ideal may refer to: Philosophy * Ideal (ethics), values that one actively pursues as goals * Platonic ideal, a philosophical idea of trueness of form, associated with Plato Mathematics * Ideal (ring theory), special subsets of a ring considered in abstract algebra * Ideal, special subsets of a semigroup * Ideal (order theory), special kind of lower sets of an order * Ideal (set theory), a collection of sets regarded as "small" or "negligible" * Ideal (Lie algebra), a particular subset in a Lie algebra * Ideal point, a boundary point in hyperbolic geometry * Ideal triangle, a triangle in hyperbolic geometry whose vertices are ideal points Science * Ideal chain, in science, the simplest model describing a polymer * Ideal gas law, in physics, governing the pressure of an ideal gas * Ideal transformer, an electrical transformer having zero resistance and perfect magnetic threading * Ideal final result, in TRIZ methodology, the best possible solution * Thought experiment, someti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Incasso
A direct debit or direct withdrawal is a financial transaction in which one organisation withdraws funds from a payer's bank account., https://www.directdebit.co.uk/direct-debit-explained/what-is-direct-debit/ Formally, the organisation that calls for the funds ("the payee") instructs their bank to collect (i.e., debit) an amount directly from another's ("the payer's") bank account designated by the payer and pay those funds into a bank account designated by the payee. Before the payer's banker will allow the transaction to take place, the payer must have advised the bank that they have authorized the payee to directly draw the funds. It is also called pre-authorized debit (PAD) or pre-authorized payment (PAP). After the authorities are set up, the direct debit transactions are usually processed electronically. Direct debits are typically used for recurring payments, such as credit card and utility bills, where the payment amounts vary from one payment to another. However, when the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Giro (banking)
A giro transfer, often shortened to giro (), is a payment transfer from one bank account to another bank account and initiated by the payer, not the payee. The debit card has a similar model. Giros are primarily used in Europe; although electronic payment systems exist in the United States (e.g., the Automated Clearing House) and Canada (e.g., Interac e-transfer), it is not possible to perform third-party transfers with them. In the European Union, there is the Single Euro Payments Area (SEPA), which allows electronic giro or debit card payments in euros to be executed to any euro bank account in the area. Name The word "giro" is borrowed from Dutch "''giro''" and/or German "''giro''", which are both from the Italian "''giro''" meaning "circulation of money". The Italian term comes via the Latin "''gyrus''" meaning "gyre" from the Greek "''gyros''" meaning "circle". History and concept Giro systems date back at least to Ptolemaic Egypt in the 4th century BC. State granary d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Van Lanschot Kempen
Van Lanschot Kempen N.V. is a specialised, independent wealth manager that provides private banking, investment management and investment banking services to wealthy individuals and institutions. It is headquartered in 's-Hertogenbosch, the Netherlands. It operates under the brand names Van Lanschot Kempen, Van Lanschot, Evi, and Kempen. With a history dating back to 1737, it is the oldest independent financial institution in the Netherlands and the Benelux and one of the oldest independent financial institutions in the world. Corporate structure Van Lanschot Kempen's Amsterdam office Van Lanschot Kempen offers private banking, investment management and investment banking services: * Private Banking offers services aimed at six target groups in the Netherlands, Belgium and Switzerland (focusing on wealthy Dutch and Belgian nationals): high-net-worth individuals, people new to the wealth management market, entrepreneurs and family businesses, business professionals and executives, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Nederlandse Gemeenten
BNG Bank N.V. is a Dutch bank specializing in providing financing for (semi-) publicly owned organizations. Ranked by assets alone, it is ranked as the 4th bank in the Netherlands. The Dutch state owns 50% of the company, while the remainder is owned by the municipalities and provinces. The company was founded in 1914 in The Hague as the Gemeentelijke Credietbank (Municipal Credit Bureau), changed its name to Bank voor Nederlandsche Gemeenten in 1922, before finally changing it to BNG Bank in 2018. BNG Bank does not provide financing to private customers, but exclusively to (semi-)public organizations, such as municipalities, provinces, public utilities, health care organisations and public housing. Awards The magazine Global Finance rated BNG Bank the third safest bank in the world in its "World’s 50 Safest Banks 2019" rating. The rating is based on long-term foreign currency ratings from Fitch Ratings and Standard and Poor’s and the long-term bank deposit ratings from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-governmental Organization
A non-governmental organization (NGO) or non-governmental organisation (see spelling differences) is an organization that generally is formed independent from government. They are typically nonprofit entities, and many of them are active in humanitarianism or the social sciences; they can also include clubs and associations that provide services to their members and others. Surveys indicate that NGOs have a high degree of public trust, which can make them a useful proxy for the concerns of society and stakeholders. However, NGOs can also be lobby groups for corporations, such as the World Economic Forum. NGOs are distinguished from international and intergovernmental organizations (''IOs'') in that the latter are more directly involved with sovereign states and their governments. The term as it is used today was first introduced in Article 71 of the newly-formed United Nations' Charter in 1945. While there is no fixed or formal definition for what NGOs are, they are genera ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
