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.[1]

Not to be confused with Currency (disambiguation).

History

Currence was founded on 1 January 2005 through an initiative by eight Dutch banks (ABN AMRO, Rabobank, ING Groep, Fortis, SNS Bank, BNG, Friesland Bank and Van Lanschot). 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 standards for all parties wishing to use the Currence payment products, PIN,[2] Chipknip, Acceptgiro, Incasso/Machtigen and iDEAL, are able to operate. To create a level playing field it sets clear rules and regulations relating to product use and the product environment and regulates and supervises participants.

gollark: Ubuntu is the *definition* of stability.
gollark: <@133885827523674112> *You* might not find it directly bad in that way. *Some* people do.Also, I think a few websites do change their prices a bit depending on gathered data from things.
gollark: It's not just the collection of data, it's the correlation/linking of it between many companies/websites/whatever.
gollark: - Price discrimination- Some people just directly dislike the data gathering as a privacy violation- In some cases: can be used by governments to stamp out dissent, etc- Data can often be leaked so random people have access to it too
gollark: It should also not collect other random data.

References
  1. "Card payment schemes:domestic or global?" (PDF). Equens. Archived from the original (PDF) on 15 May 2013. Retrieved 25 June 2014.
  2. "New records for PIN and Chipknip in 2008". pin.nl. January 8, 2009. Archived from the original on March 25, 2012. Retrieved June 12, 2011.


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