Dutch payment processor iDeal is expected to become the norm throughout Europe.
Question
Daan Levi
With the goal of making it the common payment method throughout all of Europe, the European Payments Initiative (EPI) purchased the Dutch payment system iDEAL. The EPI purchase, according to iDEAL, "demonstrates the value and reliability of our payment solution."
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In the near future, the EPI, a partnership of banks and payment systems from the Netherlands, Belgium, France, Luxembourg, and Germany, will consider how to effectively include iDEAL into its plan to create a payment standard for the European market. They think that a standard for payments will facilitate innovation. In France and Germany, where there is now no accepted payment method for online purchases, the first step is to make iDEAL the norm. Customers in the Netherlands won't pay much attention to thisRead more
