For giro-based payments, amounts are transferred between bank accounts and thus no cash is exchanged

Payments will be debited and credited from bank accounts (IBAN). This way of processing payments include a range of products, for example:

National SEPA Migration Forum

The Dutch collective giro-based payment products and services must be adjusted to new developments, such as the uniform European payment market. In order to satisfy the timelines of the European SEPA Regulation, the National Forum on the Payment System (Maatschappelijk Overleg Betalingsverkeer, MOB) has set up the National SEPA Migration Forum (Nationale Forum SEPA-migratie, NFS). Banks and other providers of payment services, large and small corporate purchasers of payment services, software suppliers, consumers and intermediate parties will coordinate their activities within the framework of the NFS to ensure that the migration proceeds smoothly.

The Dutch Payments Association coordinates and facilitates developments with regard to the giro-based payment system. It contributes to the European SEPA migration project, which aims to standardise all payments within and between Euro countries in order to eliminate the difference between a domestic payment and a payment from or to another Euro country. It also manages the agreements on services such as the Transfer Service (Overstapservice).

Legal, social and technological developments

The Dutch Payments Association keeps track of legal, social and technological developments that may influence giro-based payment products and services. The Dutch Payments Association responds to these by cooperating with its members and stakeholders. It focuses on Dutch collective payment services and the accompanying agreements. The Dutch Payments Association coordinates the adjustment of new and existing products to comply with European rules.

It provides research, holds and evaluates consultations and subsequently issues advice, taking into account the opinions of stakeholders. It oversees the consequences of the implementation of new rules for the Dutch market. The Dutch Payments Association issues account numbers and manages giro-based standards for clearing and settlement.

This makes the Dutch Payments Association a centre of expertise for the giro-based payment system. It also contributes to the growth of the electronic payment system, helps to improve the payment system and contributes to product innovations.

Point of contact

The Dutch Payments Association also serves as a point of contact for agreements with the government on laws and regulations on the payment system, such as the Mulder Act on the collection of traffic fines (Wet Mulder), the Tax Collection Act on the collection of tax debts (Invorderingswet) and the Liability of Subcontractors Act on the remittance of wage taxes by subcontractors (Wet Ketenaansprakelijkheid). Citizens and businesses sometimes have to deal with these laws in case of a Central Judicial Collection Agency (CJIB) Collection, Government Orders or G (Guarantee) Account.

The Dutch Payments Association is a knowledge center for giro-based and online payment systems.

Visit our factsheet for more information about giro-based payments:

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