Currence

Currence is the owner of the Dutch collective payment and digital identity products iDEAL, iDIN, eMandates and Acceptgiro. Currence aims to facilitate competition and increase transparency in collective payment systems in the Netherlands, while maintaining high standards of quality, efficiency and security for its products. Currence is an autonomous organisation with governance that ensures its independence. Currence was founded in 2005 with endorsement from eight Dutch banks. This was prompted in part by the recommendations of the Wellink Commission in 2002 to promote greater transparency and competition in payments. The founding of Currence created a new market model in Dutch payments, in which product ownership and regulation are separated from transaction processing.