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Contact
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| Pioneering payment technologies |
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A Belgian success story |
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Twenty-five years of innovation |
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The history of electronic payments in Belgium goes back all the way to the early seventies. Early on, Belgian banks adopted standard formats for account numbers, transfer instructions, and cheques. This paved the way for highly automated transaction systems. These, in turn, eventually led to the establishment of two competing ATM and POS terminal networks by the early eighties. |
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Security features from the start |
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The two networks (Bancontact and Mister Cash) expanded at a sustained pace, and electonic payment rapidly became a habit among Belgians. Both networks were among the first in the world to feature online verification of cardholder details at every transaction. Following strong lobbying from retailers and consumers, the two networks merged in 1989 and Banksys was formed to manage the new single infrastructure. |
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Worldwide recognition |
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By the beginning of the nineties, the accumulated expertise was such that Banksys had already exported its network and terminal technology throughout Europe. At the same time, it continued developing such innovative applications as the reloadable chip-based stored-value and the Mobile banxafe concept for secure payments over a mobile phone. Today, Banksys enjoys worldwide recognition for its innovative, secure, and reliable payment solutions. |
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