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 Esso () is a trading name for ExxonMobil. Originally, the name was primarily used by its predecessor Standard Oil of New Jersey after the breakup of the original Standard Oil company in 1911. The company adopted the name "Esso" (the phonetic p ...

included the possibility to pay with BeaNet. In January 1992,

Albert Heijn Albert Heijn is the largest supermarket chain in the Netherlands with a market share of 34.8% in 2020. It was founded in 1887, and has been part of Ahold Delhaize since 2016. History The chain was founded on 27 May 1887, when Albert Heijn boug ...

was the first large supermarket in the Netherlands that adopted the usage of BeaNet.

Criticism

Yvonne van Rooy Yvonne Catharina Maria Theresia van Rooy (born 4 June 1951) is a retired Netherlands, Dutch politician and diplomat of the Christian Democratic Appeal (CDA) party and businesswoman. Van Rooy attended a Gymnasium (school), Gymnasium in Maastric ...

, the

staatssecretaris Undersecretary (or under secretary) is a title for a person who works for and has a lower rank than a secretary (person in charge). It is used in the executive branch of government, with different meanings in different political systems, and is al ...

of economic affairs in the

Third Lubbers cabinet The Third Lubbers cabinet, also called the Lubbers–Kok cabinet, was the executive branch of the Dutch government from 7 November 1989 to 22 August 1994. The cabinet was formed the christian-democratic Christian Democratic Appeal (CDA) and the ...

, wanted to get rid of the

monopolistic A monopoly (from Greek el, μόνος, mónos, single, alone, label=none and el, πωλεῖν, pōleîn, to sell, label=none), as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a spec ...

position of BeaNet in 1992.

Merger

In 1993, a merger was announced between BeaNet, Bankgirocentrale and Eurocard Nederland. In 1994, they formed

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 fo ...

.Trouw, 4 February 1993: ''Giirale, Eurocard en Beanet gaan samenwerken''

References

{{Dutch financial services companies Payment systems organizations Financial services in the Netherlands Banking organizations

Adoption

Criticism

Merger

See also

References