IDEAL

IDEAL

iDEAL is an Internet payment method in The Netherlands, based on online banking. Introduced in 2005, this payment method allows customers to buy securely on the Internet using direct online transfers from their bank account. iDEAL processed in 2007 15 million transfers [ [http://www.currence.nl/Currence.nl/gfx/download/Maandcijfers%20iDEAL.pdf Monthly processing figures] , retrieved August 10, 2008] . iDEAL is owned by the Dutch organization Currence, which also owns PIN and Chipknip.

The participating banks in iDEAL are: ABN AMRO, Fortis, Postbank, Rabobank and SNS Bank [ [http://www.ideal.nl/consument/?s=wat&lang=eng-GB What is iDEAL?] including a list of participating banks] . Together these are serving the vast majority of the Dutch online banking market.

Process

iDEAL offers merchants a real-time payment method (publicized as low-cost and virtually risk-free) to accept internet payments. For customers, iDEAL uses the same environment as their banks' online banking sites. A high level of security is realized by using two-factor authentication (2FA), such as a challenge-response token based on the chip embedded in the debit card or ATM card. Furthermore, no sensitive information is being shared with the merchant, such as credit card numbers. There is no chargeback right however, which can be considered a disadvantage for the consumer using this payment method. This is considered a advantage to the merchants.

iDEAL works as follows:

* Merchant offers iDEAL as payment method, often in addition to the regular credit card payment options
* Consumer selects iDEAL and selects his bank
* Consumer is redirected to his bank's login page
* Participating bank displays transaction data
* Customer enters account number and signs the transaction digitally using a 2FA token
* Bank authorizes transaction in real-time, deducting the amount directly from the consumer's account (if there is not enough balance, the transaction will be refused)
* Merchant received real-time confirmation of the payment by the bank
* Consumer is redirected back to the merchant page with a confirmation that the payment has been successful

External links

* iDEAL site [http://www.ideal.nl] (Dutch)
* [http://www.abnamro.nl/nl/prive/betalen/ideal/introductie.html ABN AMRO on iDEAL]
* [https://www.fortisbank.nl/bankzaken/cmcontent/showPage.do?page_id=idealzakelijk Fortis on iDEAL]
* [http://www.ingbank.nl/inet/cmn/common/cmn_index.jsp?unit=COR&paginakey=54519 ING bank on iDEAL]
* [http://www.postbank.nl/zakelijk/ing/pz/page/product/detail/0,3062,1911_456735093,00.html Postbank on iDEAL]
* [http://www.rabobank.nl/bedrijven/producten/betalingsverkeer/uw_inkomende_betalingen/ideal?cam=Ideal&adword=Rabobank%20ideal Rabobank on iDEAL]
* [http://www.snsbank.nl/particulier/betalen/hoe-werkt-ideal2.html SNS bank on iDEAL]

References


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  • Ideal — se refiere en términos generales, la palabra ideal refiere a todo aquello propio o relacionado a la idea; la idea, por tanto, será cualquier representación mental que se relaciona con algo real. El término ideal puede referirse: Contenido 1… …   Wikipedia Español

  • IDEAL — Gründung 1980 Auflösung 1983 Genre Neue Deutsche Welle Gründungsmitglieder Gesang, Keyboard Annette Humpe Bass, Gesang …   Deutsch Wikipedia

  • idéal — idéal, ale (i dé al, a l ) adj. 1°   Qui n a d existence que dans l idée, dans l esprit. Des êtres idéaux. •   Plus une philosophie est subtile et idéale, plus elle est vaine et inutile pour expliquer des choses qui ne demandent qu un sens droit… …   Dictionnaire de la Langue Française d'Émile Littré

  • Ideal — may refer to:* Ideal (ethics), values that one actively pursues as goals * Platonic ideal, a philosophical idea of trueness of form, associated with PlatoIn mathematics* Ideal (ring theory), special subsets of a ring considered in abstract… …   Wikipedia

  • Ideal — (von lateinisch idealis; griechisch/lateinisch ιδέα/idea: die Idee; Adjektiv bzw. Adverb: ideal) steht für: Ideal (Philosophie), ästhetischer Begriff. ein Ideales Objekt in der Physik, siehe Idealisierung (Physik) Ideal (Band), eine Musikband aus …   Deutsch Wikipedia

  • Ideal J — Idéal J était un groupe de rap français originaire du département du Val de Marne, très actif dans les années 1990. Le groupe s est dissout en 2001, après le décès d un des amis du groupe en 1999. Sommaire 1 Biographie 1.1 Formation du groupe 1.2 …   Wikipédia en Français

  • ideal — IDEÁL, Ă, ideali, e, adj., IDEÁL, idealuri, s.n. 1. adj. Care atinge perfecţiunea; perfect, desăvârşit. 2. adj. Care ţine de domeniul ideilor, privitor la gândire; care există numai în mintea, în închipuirea omului; spiritual, imaterial. 3. s.n.… …   Dicționar Român

  • ideał — I {{/stl 13}}{{stl 8}}rz. mnż I, D. u, Mc. ideałale, blm {{/stl 8}}{{stl 7}} wzorzec doskonałości, stanowiący podstawę porównywania i oceniania kogoś, czegoś : {{/stl 7}}{{stl 10}}Ideał piękna. Ideał nauczyciela. Bliski ideału. Ideał kobiety.… …   Langenscheidt Polski wyjaśnień

  • ideal — adjetivo 1. Que sucede sólo en el pensamiento o en la imaginación, o que no tiene existencia física o real: Si trazas una línea ideal, comprobarás que el delantero estaba en situación de fuera de juego. Su escultura refleja su obsesión por la… …   Diccionario Salamanca de la Lengua Española

  • Ideal — I*de al, a. [L. idealis: cf. F. id[ e]al.] 1. Existing in idea or thought; conceptional; intellectual; mental; as, ideal knowledge. [1913 Webster] 2. Reaching an imaginary standard of excellence; fit for a model; faultless; as, ideal beauty.… …   The Collaborative International Dictionary of English

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