Last week Dutch ACH/processor Interpay published its annual report. At the same time the Financieele Dagblad picked up on the news that Interpay needs to lay off 150 workers in the area of credit-card processing.
European reality now has Dutch banks seeking different processors than Interpay. So the irreversible steps towards the real open processor market in cards is now a fact for the Netherlands.
Other countries may follow, but not so quickly. So one again we can see that the Dutch show themselves to be the nerd of the class-room; always having the homework done as the first (....but last in line when it comes to picking the girls for the prom).
