|
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] |
Chipknip Logo
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 we ... [...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] |
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] |
Interpay
Interpay Nederland B.V. was the Dutch payment processor and payment product provider from 1994 to 2006. Interpay owned PIN, Chipknip, and Incasso. In 2005, they spun off Currence and in 2006 they merged to form Equens. History Interpay was founded as a merger between BeaNet, the Bankgirocentrale and Eurocard Nederland. ING Group was the largest shareholder of Interpay, at around 30%. In 1995, Interpay started with a pilot of the Chipknip. Trouw noted in 2001 that a smooth transition to the Euro was dependent on Interpay. In 2003, Annemarie Jorritsma became a commissioner at Interpay. In September 2003, Interpay started together with Banksys and SSB the company Sinsys for credit cards, to reduce costs. Sinsys ultimately became wholly owned by SIA in 2012. Director Willem Stolwijk left in 2006 and was replaced by Ben Haasdijk. In 2004, Interpay was forced to lower their tariffs for the hospitality sector. The Netherlands Competition Authority fined Interpay for 30 million ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Smart Card
A smart card, chip card, or integrated circuit card (ICC or IC card) is a physical electronic authentication device, used to control access to a resource. It is typically a plastic credit card-sized card with an embedded integrated circuit (IC) chip. Many smart cards include a pattern of metal contacts to electrically connect to the internal chip. Others are contactless, and some are both. Smart cards can provide personal identification, authentication, data storage, and application processing. Applications include identification, financial, mobile phones (SIM), public transit, computer security, schools, and healthcare. Smart cards may provide strong security authentication for single sign-on (SSO) within organizations. Numerous nations have deployed smart cards throughout their populations. The universal integrated circuit card, or SIM card, is also a type of smart card. , 10.5billion smart card IC chips are manufactured annually, including 5.44billion SIM card IC chips. Hist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BeaNet
BeaNet (abbreviation of Betaalautomaten Netwerk, Dutch for payment terminal network) was a Dutch system and organization for electronic payments, which was founded in 1988. Adoption In March 1990, Esso included the possibility to pay with BeaNet. In January 1992, Albert Heijn was the first large supermarket in the Netherlands that adopted the usage of BeaNet. Criticism Yvonne van Rooy, the staatssecretaris of economic affairs in the Third Lubbers cabinet, wanted to get rid of the monopolistic position of BeaNet in 1992. Merger In 1993, a merger was announced between BeaNet, Bankgirocentrale and Eurocard Nederland. In 1994, they formed Interpay.Trouw, 4 February 1993: ''Giirale, Eurocard en Beanet gaan samenwerken'' See also * 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 pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stored-value Card
A stored-value card (SVC) is a payment card with a monetary value stored on the card itself, not in an external account maintained by a financial institution. This means no network access is required by the payment collection terminals as funds can be withdrawn and deposited straight from the card. Like cash, payment cards can be used anonymously as the person holding the card can use the funds. They are an electronic development of token coins and are typically used in low-value payment systems or where network access is difficult or expensive to implement, such as parking machines, public transport systems, closed payment systems in locations such as ships or within companies. Stored-value cards differ from debit cards, where money is on deposit with the issuer, and credit cards which are subject to credit limits set by the issuer and are connected to accounts at financial institutions. Another difference between stored-value cards and debit and credit cards is that debit and c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Proton (bank Card)
Proton was an electronic purse application for debit cards in Belgium. The system was introduced in February 1995 with the goal to replace cash primarily for small transactions around € 15. For security, the card was limited to storing 125,00 EUR of available electronic cash (originally 5,000 BEF). The card was used for small payments without a pin code or signature, and ran the same risk as with ordinary cash in that if the card was lost the cash value allocated to the card would also be lost. The advantage to merchants was that they could accept payments without the necessity for a bank terminal to be connected to a centralised system for approving the transaction (the transaction was approved by the card itself), and the transaction was very quick. In August 1998, Proton World International was founded, a joint venture between Banksys, Visa, American Express and EGR. The goal was to promote the Proton technology worldwide. In 2001, the Australian company ERG bought the re ... [...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] |
Maestro (debit Card)
Mastercard Maestro is a brand of debit cards and prepaid cards owned by Mastercard that was introduced in 1991. Maestro is accepted at around fifteen million point of sale outlets in 93 countries. Starting July 1, 2023, Mastercard will phase out Maestro across Europe. European banks and other card issuers will be required to replace expired or lost Maestro cards with Debit Mastercard. Functionality Maestro debit cards are obtained from associate banks and are linked to the cardholder's savings account, current account or any of several other types of accounts, while prepaid cards do not require a bank account to operate. Maestro cards can be used at point of sale (POS) and ATMs. Payments are made by swiping cards through the payment terminal, insertion into a chip and PIN device or by a contactless reader. The payment is authorized by the card issuer to ensure that the cardholder has sufficient funds in their account to make the purchase. The cardholder then confirms the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
V Pay
V Pay is a Single Euro Payments Area (SEPA) debit card for use in Europe, issued by Visa Europe. It uses the EMV chip and PIN system and may be co-branded with various national debit card schemes such as the German Girocard or Italy's PagoBancomat. Overview The V Pay debit card system competes with the Mastercard Maestro debit card product. However, unlike Mastercard Maestro, V Pay cards cannot be used in non-EMV environments, limiting its acceptance to those countries and merchants that use this system. Also unlike Mastercard Maestro, which is issued and accepted globally, V Pay is designed as a specifically European product, and is not issued or accepted outside European countries except for some islands which are part of European countries, such as Saint Martin. However, some cards are co-branded with the Visa Electron system, which allows using them outside Europe. V Pay cards began to be accepted at merchants in France and Greece in 2005, and acceptance had since expanded ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of Dutch Payment Organisations
History (derived ) is the systematic study and the documentation of the human activity. The time period of event before the invention of writing systems is considered prehistory. "History" is an umbrella term comprising past events as well as the memory, discovery, collection, organization, presentation, and interpretation of these events. Historians seek knowledge of the past using historical sources such as written documents, oral accounts, art and material artifacts, and ecological markers. History is not complete and still has debatable mysteries. History is also an academic discipline which uses narrative to describe, examine, question, and analyze past events, and investigate their patterns of cause and effect. Historians often debate which narrative best explains an event, as well as the significance of different causes and effects. Historians also debate the nature of history as an end in itself, as well as its usefulness to give perspective on the problems of the p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.jpg "Click for more on -> Smart Card")
.jpg "Click for more on -> History Of Dutch Payment Organisations")