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Swish (payment)
Swish ( or ) is a mobile payment system in Sweden. The service was launched in 2012 by six large Swedish banks, in cooperation with Bankgirot and the Central Bank of Sweden. It had 8 million users as of July 2022 (total Swedish population: 10.2 million). Swish is a member of the European Mobile Payment Systems Association. The service works through a smartphone application, through which the user's phone number is connected to their bank account, and which makes it possible to transfer money in real time, a few seconds until confirmation is received by both parties. The user must have a second mobile application called '' Mobilt BankID Säkerhetsapp'', which is an electronic identification issued by several banks in Sweden. This requires that the user has a bank account in a Swedish bank participating in the system, and also a national ID number. Users who have a Swedish bank account but no suitable phone can register for reception only of payments. The phone number can be of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mobile Payment
A mobile payment, also referred to as mobile money, mobile money transfer and mobile wallet, is any of various payment processing services operated under financial regulations and performed from or via a mobile device, as the cardinal class of digital wallet. Instead of paying with cash, cheque, or credit cards, a consumer can use a payment app on a mobile device to pay for a wide range of services and digital or hard goods. Although the concept of using non-coin-based currency systems has a long history, it is only in the 21st century that the technology to support such systems has become widely available. Mobile payments began adoption in Japan in the 2000s and later all over the world in different ways. The first patent exclusively defined "Mobile Payment System" was filed in 2000. In developing country, developing countries, mobile payment solutions have been deployed as a means of extending financial services to the community known as the "unbanked" or "underbanked", which ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Personal Identity Number (Sweden)
The personal identity number () is the Swedish national identification number. It is a ten digit number that is widely used in Sweden to identify individuals. History When it was introduced in 1947 it was probably the first of its kind covering the total resident population of a country (the Social Security number in the United States is older by 12 years, but it did not originally cover the whole population). Numbers are issued by the Swedish Tax Agency (Swedish: ''Skatteverket'') as part of the population register (Swedish: ''Folkbokföring''). Until 1967, it had nine digits, and after that 10 digits. This was expanded to 12 digits in 1997 in cases of automated data treatment. Use The number is used by authorities, by health care, schools and universities (both public-run and private). Also used by banks (needing it by law for tax purposes and mandatory customer identification) and insurance companies (needing it for car liability insurance and for medical travel insurance coordi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vipps
Vipps is a Norwegian mobile payment application designed for smartphones developed by DNB. Vipps was released May 30, 2015 and, having reached 1 million users by November 5, 2015, Vipps became Norway's largest payment application. Although Vipps was developed by DNB, customers of any Norwegian bank can use it. Vipps is a member of the European Mobile Payment Systems Association. The service Vipps is an application that gives the user the ability to make payments to a receiver's telephone number instead of an account number. If the receiver has a bank account in one of the owner banks of Vipps, the money is confirmed and available for the receiver within seconds. Other receivers have to register their credit card in Vipps and will get the money the next bank day. If a payment is made to a phone number not connected to Vipps, the receiver will get an SMS instructing them to download the application. If they do not, the payment will be cancelled. It is possible to send a request ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MobilePay
MobilePay is a mobile payment application developed by Danske Bank. The service allows payments by means of a smartphone application and was published on May 7, 2013, after Danske Bank discontinued its cooperation with other Danish banks on a common system. It is mainly used in Denmark, but also in Finland. MobilePay was also available in Norway, but shut down in January 2018 due to competition from Vipps. MobilePay is a member of the European Mobile Payment Systems Association. MobilePay is present in Denmark, Finland and Greenland. MobilePay is not available in Faroe Islands. Function MobilePay is an application for phones with operating systems iOS and Android. MobilePay is a digital wallet covering all payment needs. Payments can be made to friends, smaller physical shops, supermarkets and larger chains, recurring payments, ecommerce and mcommerce and donations. By downloading this application, users are required to connect a credit card and account information to their mobil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Single Euro Payments Area
The Single Euro Payments Area (SEPA) is a payment-integration initiative of the European Union for simplification of bank transfers denominated in euro. , there were 36 members in SEPA, consisting of the 27 member states of the European Union, the four member states of the European Free Trade Association (Iceland, Liechtenstein, Norway and Switzerland), and the United Kingdom. Some microstates participate in the technical schemes: Andorra, Monaco, San Marino, and Vatican City. SEPA covers predominantly normal bank transfers. Payment methods which have additional optional features or services, such as mobile phone or smart card payment systems, are not directly covered. However, the instant SEPA payment scheme facilitates payment products also on smart devices. Goals The aim of SEPA is to improve the efficiency of cross-border payments and turn the previously fragmented national markets for euro payments into a single domestic one. SEPA enables customers to make cashless eu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PayPal
PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers, and serves as an electronic alternative to traditional paper methods such as checks and money orders. The company operates as a payment processor for online vendors, auction sites and many other commercial users, for which it charges a fee. Established in 1998 as Confinity, PayPal went public through an IPO in 2002. It became a wholly owned subsidiary of eBay later that year, valued at $1.5 billion. In 2015 eBay spun off PayPal to its shareholders, and PayPal became an independent company again. The company was ranked 143rd on the 2022 Fortune 500 of the largest United States corporations by revenue. History Early history PayPal was originally established by Max Levchin, Peter Thiel, and Luke Nosek in December 1998 as Confinity, a company that developed security software for hand-held de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Riksbank
Sveriges Riksbank, or simply the ''Riksbank'', is the central bank of Sweden. It is the world's oldest central bank and the fourth oldest bank in operation. Etymology The first part of the word ''riksbank'', ''riks'', stems from the Swedish word ''rike'', which means ''realm'', ''kingdom'', ''empire'' or ''nation'' in English. A literal English translation of the bank's name could thus be ''Sweden's Realm's Bank''. The bank, however, doesn't translate its name to English but uses its Swedish name ''the Riksbank'' also in its English communications. History The Riksbank began operations in 1668. Previously, Sweden was served by the Stockholms Banco (also known as the Bank of Palmstruch), founded by Johan Palmstruch in 1656. Although the bank was private, it was the king who chose its management: in a letter to Palmstruch, he gave permission to its operations according to stated regulations. But Stockholms Banco collapsed as a result of the issuing of too many notes without ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stefan Ingves
Stefan Nils Magnus Ingves (born 23 May 1953) is a Finnish-born Swedish banker, economist and civil servant who served as the Governor of Sveriges Riksbank, the central bank of Sweden, from 2006 to 2022. He serves as the Vice-Chairman of the Bank for International Settlements (BIS) since November 2021. In June 2022, Ingves announced that he will resign as Governor of Sveriges Riksbank on 31 December 2022. He was succeeded in the role by the former director of the Swedish Financial Supervisory Authority, Erik Thedéen. Early life Ingves has a Finland Swedish background and grew up in the village of Närpes in western Finland. In 1984, he earned a Ph.D. in Economics at the Stockholm School of Economics and his thesis is called "aspects of trade credits", about credit models between companies. Career Ingves was named Governor of Sveriges Riksbank in 2006. In response to the Icelandic financial crisis of 2008, Ingves argued that "in times of uncertainty and turmoil, the central ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
QR Code
A QR code (an initialism for quick response code) is a type of matrix barcode (or two-dimensional barcode) invented in 1994 by the Japanese company Denso Wave. A barcode is a machine-readable optical label that can contain information about the item to which it is attached. In practice, QR codes often contain data for a locator, identifier, or tracker that points to a website or application. QR codes use four standardized encoding modes (numeric, alphanumeric, byte/binary, and kanji) to store data efficiently; extensions may also be used. The quick response system became popular outside the automotive industry due to its fast readability and greater storage capacity compared to standard UPC barcodes. Applications include product tracking, item identification, time tracking, document management, and general marketing. A QR code consists of black squares arranged in a square grid on a white background, including some fiducial markers, which can be read by an imaging device suc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SJ AB
SJ (formally ''SJ AB'') is a government-owned passenger train operator in Sweden. SJ was created in 2001, out of the public transport division of ''Statens Järnvägar'', when the former government agency was divided into six separate government-owned limited companies. In 2018 SJ carried 31.8 million passengers. Overview SJ's operations fall broadly into subsidised and unsubsidised services. The unsubsidised services was until 2011 monopoly. The subsidised trains are awarded through competitive bids. However, some trains fall in between these categories, since public transit agencies can pay SJ to allow transit pass holders access to SJ's trains. SJ received a government bailout a few years after its creation, but has since had profit margins of up to ten per cent. All train operators in Sweden pay low track access charges to the track authority, Trafikverket. Rolling stock SJ higher speed services (''SJ Snabbtåg'') X2 serves for higher speed trains, with a top speed of , and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electronic Identification
An electronic identification ("eID") is a digital solution for proof of identity of citizens or organizations. They can be used to view to access benefits or services provided by government authorities, banks or other companies, for mobile payments, etc. Apart from online authentication and login, many electronic identity services also give users the option to sign electronic documents with a digital signature. One form of eID is an electronic identification card (eIC), which is a physical identity card that can be used for online and offline personal identification or authentication. The eIC is a smartcard in ID-1 format of a regular bank card, with identity information printed on the surface (such as personal details and a photograph) and in an embedded RFID microchip, similar to that in biometric passports. The chip stores the information printed on the card (such as the holder's name and date of birth) and the holder's photo(s). Several photos may be taken from different an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sweden
Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, Finland to the east, and is connected to Denmark in the southwest by a bridgetunnel across the Öresund. At , Sweden is the largest Nordic country, the third-largest country in the European Union, and the fifth-largest country in Europe. The capital and largest city is Stockholm. Sweden has a total population of 10.5 million, and a low population density of , with around 87% of Swedes residing in urban areas in the central and southern half of the country. Sweden has a nature dominated by forests and a large amount of lakes, including some of the largest in Europe. Many long rivers run from the Scandes range through the landscape, primarily ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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