Wednesday, July 30, 2003

Dutch retailers aim for off-line debit with EMV

MKBnet reports on an article in FoodMagazine (n. 4) in which Henk Kok, director of Raad Nederlandse Detailhandel (representative organization of Dutch retailers) suggests that off-line debit (pre-authorized debit) would allow for substantial savings at the point of sale.

Dutch readers should note that the MKBNet web-article is somewhat misleading as it incorrectly suggests that the point of view of retailers and of the Dutch Society Council for Payments (Maatschappelijk Overleg Betalingsverkeer) is that off-line EMV should be implemented in five years time.