Friday, September 24, 2004

Dutch banks join hands to develop standard for e-payments

Having built a joint system in 1997 (I-pay met SET) and having discovered the complexity of public key infrastructure technology, Dutch banks set out to develop their own Internet strategies. Having done so, now is the time to join hands once again.

Recently the Dutch banks announced (see in Dutch: Planet Multimedia) that a new internet payment standard will be developed. Current e-payment initiatives by ING (Tootz, Way2Pay) and ABN AMRO (E-wallet) will be stopped. Rabo continues its Minitix however and aims for the mobile market with that application.