The Dutch Payments Association seeks to ensure an optimally effective, safe, reliable, accessible and socially efficient payment system
To this end, the Payments Association provides and coordinates services (collective tasks) which are of shared interest to its members. Innovation is an important part of that. Its members are providers of payment services on the Dutch market: banks, payment institutions and electronic money institutions.
The roadmap shows the challenges and targets for the Dutch payments system for 2017-2019 (in Dutch).
Important preconditions for the successful performance of our tasks are:
- Focus on quality
The Payments Association is committed to actively involving representatives of end users in its activities. In this way, the Payments Association concretises the social nature of the payment system.
The payment system as a public utility function
The payment system in the Netherlands operates almost flawlessly. Millions of transactions are processed efficiently, safely and quickly in the Netherlands every day. The payment system plays an essential role in the economy, involves numerous stakeholders and is of great social importance. This gives the payment system a public utility function.
A complex market with many participants
The large number of parties involved, the stringent quality demands and the numerous transactions make the payment system a highly complex market. All relevant parties must be involved and their interests taken into account in order to achieve a properly functioning, cost-effective payment system.
The payment market is becoming more European
With the introduction of a uniform payment market in the eurozone (Single Euro Payments Area or SEPA), standards and payment products are increasingly being adopted at a European level instead of at a national level. In addition, European legislation has expanded the opportunities for new parties (particularly payment institutions) to enter the payment market.
Although the payment market is internationalising, national cooperation with regard to collective, non-competitive matters remains essential; particularly in order to further enhance the high quality level of the payment system.
Board of the Payments Association
The members finance the Association through contributions. They approve the strategy and regulations of the Association and adopt the annual accounts through the General Members’ Meeting. The Board establishes policy frameworks, makes substantive decisions on the most important issues and advises the Executive Board. The Board has nine members, six of whom are appointed on behalf of the members of the Association. In order to fulfil the social nature of the Payments Association, three seats on the Board are reserved for independent members, including that of the chairman. Representatives of the Dutch Central Bank and the Dutch Banking Association attend the meetings of the Board as observers.
The Executive Board is responsible for the daily affairs of the Association and the acceptance and certification policy and supervises the operational organisation. The Executive Board also organises consultations with members and stakeholders.
In order to perform its tasks, the Payments Association has set up an Advisory Council and member working groups to discuss matters such as policy preparation. In addition, the Payments Association actively consults with representatives of end users and other stakeholders on behalf of its members. The Payments Association works closely with a number of Dutch organisations that are involved in the payment system. For example, the Payments Association participates in the National Forum on the Payment System (Maatschappelijk Overleg Betalingsverkeer), chaired by the Dutch Central Bank, which focuses on improving the efficiency of the Dutch payment system. It also consults regularly with the Dutch Banking Association, which represents the interests of the banks as a trade association and performs a number of policy-oriented tasks in the payment system in this context, including tasks related to safe banking and combatting cybercrime. Finally, the Payments Association has a close relationship with Currence, the brand owner of the national payment products iDEAL, Chipknip, Acceptgiro and Incasso. A number of these products will be phased out due to the formation of the uniform European payment market and the remaining collective tasks will be transferred to the Payments Association.