Betaaljournaal 2

Newsletter Dutch Payments Association

Dutch payment system on track

In this edition we look back on last year and of course we look ahead. We present the annual figures of 2019 and a compilation of all episodes of betaalTV so far. Our medium-term plans can be found in our Roadmap (2020-2022). In 2020, payments will include the discontinuation of the Central Account Number Administration and the migration to Strong Customer Authentication for online card payments.
*Most of the linked content is in Dutch.
Piet Mallekoote, Managing Director

In this edition of Betaaljournaal:

 

Roadmap 2020-2022

The payment system in the Netherlands has for years been one of the most advanced in the world in terms of its efficiency, accessibility, reliability and safety. The ambition of the Dutch Payments Association is to maintain this level of quality and, where possible, to further improve it.

Since the payment system is relevant to everyone, a visibly socially involved and responsible sector is needed. We will continue to work towards this in the coming years. The roadmap describes the associated goals and activities that the Dutch Payments Association is pursuing for the Dutch payment system.
Read the roadmap 2020-2022here (in Dutch).

 

Central Account Number Administration stops as of 1 July 2020

The last ten figures of the Dutch IBAN are issued centrally. This ensures that these last 10 digits comply with the ‘eleven test’ and are unique. As of 1 July, this method of working will lapse and the IBAN only has to meet the ISO requirements. Payment service providers with the correct license from the Dutch Central Bank and in possession of a Dutch BIC will be allowed to issue their own IBANs as from the summer of this year.

Collective services
The administrator of the Central Account Number Administration (BOG/CONTO) has linked various collective services to the system. The disappearance of BOG/CONTO therefore also affects, among others, Acceptgiro, the Bank Transfer Service, NAW queries and the Account Information Services (AIS). An inventory of all these collective services was made a few years ago. For collective services that have been determined to remain necessary, another more efficient service will be provided. Some subprojects will be completed before July.
More information about IBAN.

Sign up for updates
Until the end date, the Dutch Payments Association distributes an update once a month on the progress of the project and the sub-projects. You can subscribe to this update by sending an email to giraal@betaalvereniging.nl.

 

More than 3 billion contactless payments

Last year, 3.04 billion contactless payments were made to Dutch cash registers, totalling 51.3 billion euros, according to the annual figures for 2019 of the Dutch Payments Association. A total of 4.74 billion electronic payments at the point-of-sale were made (for 119 billion euro), 10 percent more than twelve months previously. At the end of the year, 69 percent of all electronic payments at the checkout were contactless. One year before this was still 56 percent. In the meantime, 10 percent of contactless payments are settled with a smart phone or so-called wearable. Would you like to more figures? Then download the infographic or view the online factsheet.
Read the full press release here (in Dutch).

Update Strong Customer Authentication (in Dutch)

With the introduction of PSD2, payments with 2 factor authentication are mandatory. We already do this if we pay electronically in the shop or with iDEAL at a webshop. For online card payments the double security will be introduced this year. Marnix Blom of the Dutch Payments Association explains it in this video.
Read more about SCA and the SCA migration.

 

More events and activities (in Dutch)

 

Figures

Want to know more figures? Go to: factsheet.betaalvereniging.nl

 

Checking in with Moniek de Nooij

Moniek de Nooij is Advisor Security Affairs at the Volksbank. She deals with cyber threats in the banking sector and the creation of measures against them. In the video she explains her tasks.

Agenda

Updates on the organisation

  • Vincent van den Boogert (CEO of ING Netherlands) has left the board of the Dutch Payments Association. ING is looking for a successor for this position.
  • Suzan van Eeten of Rabobank has become chairman of the Advisory Council. She will succeed Michiel Kwaaitaal of Rabobank Nederland, who has joined the Board.
  • The small banks have nominated Daniël Köhler of Triodos Bank to succeed Edwin Hartog on the Board. His appointment will be on the agenda of the General Meeting of Shareholders on 14 May.
  • With compliments for what has been achieved, the Board of Trustees has accepted the realisation of the Annual Plan 2019 for notification.
  • The forecast of the financial realisation for 2019 shows that the total expenses at year-end 2019 will amount to approximately € 7.6 million. The budget was € 8.5 million.
  • The Board of Trustees has definitively adopted the Annual Plan for 2020. At the request of the Board of Trustees, the Board of Trustees has made a number of objectives more concrete than in the earlier version.

In addition to this Betaaljournaal, the Dutch Payments Association also issues Member Bulletins. The bulletins usually appear a few times a month and relate to a specific theme. If you are a member and you do not yet receive these bulletins. You can subscribe to the mailing list via secretariaat@betaalvereniging.nl.

 

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