iDEAL reveals new function for faster payments: here’s how it works

Easy and secure πŸ’ΈπŸ”’

Paying online via iDEAL just got a whole lot faster, and safer, thanks to a new user profile feature they announced today.

Ever paid using iDEAL? Of course β€” us, too β€” they’re responsible for 1.3 billion transactions every year, after all.

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From today, you can create an iDEAL profile to use when you pay online, RTL Nieuws reports. You’ll be able to quickly and securely pay for your splurges. πŸ’Έ

Consumer details will no longer be stored separately in multiple online stores but in one place within the iDEAL system. Plus, data is only shared if the consumer consents, says iDEAL.

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Amos Kater, director at iDEAL, believes this is the next step in quick and convenient money transactions. β€œGone are the days when address details had to be entered for every purchase,” he says.

Since the European Payments Initiative (EPI) took over iDEAL last year, this latest feature is believed to be a step towards replacing the payment system with an entirely new digital wallet called Wero.

When does this new function roll out?

ING customers can create a profile with iDEAL from Wednesday, and many other banks‘ customers might already have access today.

But it’s less clear for ABN-AMRO customers, who will gain access at “a time to be determined”.

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Got too many passwords to remember already? No worries β€” if you’d rather not set up an account, you can still pay the current way.

What do you think of iDEAL’s new profile function? Will you be using it? Let us know your thoughts in the comments below.

Feature Image:Depositphotos
Lottie Gale πŸ‡¬πŸ‡§
Lottie Gale πŸ‡¬πŸ‡§
Lottie joins DutchReview as an editorial intern after gaining a Bachelor’s in English from her native England. She continues to pursue all things literature in her MA Literature Today at Utrecht University. She is loving life here, and the ever-looming rainclouds often make it feel like a home from home. Lottie arrived to complete her studies and hone her writing skills β€” she’ll stay for the Dutch tranquility, tulips and tompouce.

1 COMMENT

  1. Sadly, I believe it’s yet another step in the financial world have far too much information about an individual. George Orwell must be laughing his head off.

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