WAALWIJK, Netherlands, May 25, 2011 /PRNewswire/ --
The Management Board of DOCDATA N.V. announces that the Dutch Central Bank (DNB) on 24 May 2011 has granted a license to Docdata payments B.V. in Driebergen-Rijsenburg, a subsidiary of the listed company DOCDATA N.V. in Waalwijk, to operate as a Payment Institute. Docdata Payments is an international Payment Service Provider (PSP). As from 1 November 2009 a licence is required for all PSPs with a transitional regime for all PSPs, like Docdata Payments, that already provide payment services prior to 25 December 2007.
A system of licences for payment institutes within the European Union (EU) ensures a more safer, efficient and user-friendly way of electronic payments. This includes transfers, direct debits and various card payments.
Michiel Alting von Geusau, CEO of DOCDATA N.V.: "We are delighted with the license granted by the DNB to Docdata Payments to operate as a Payment Institute. The organisation has now achieved an excellent position for taking the next step to realise its international growth ambitions in the e-commerce world. For us the licence is a confirmation that we meet the high requirements currently demanded from international payment institutions."
The license is based on the Payment Services Directive initiated within the EU to implement SEPA. This Directive imposes requirements on all businesses that want to offer payment services throughout Europe. In addition, the Directive harmonises and regulates among others the requirements for online payments in 27 European countries. One of the aims is that payment transactions between European member countries can be processed as easily as payment transactions within a member country.
The Payment Services Directive provides rights and obligations for both Payment Service Providers and users. For the Payment Service Providers this means that they have to provide full transparency about the conditions of their services. Examples are the level of tariffs, rules for crediting to an account and the right to refund.
The listed DOCDATA N.V. exists of two lines of business:
E-commerce service company Docdata (http://www.docdata.com) is a European market leader with a strong basis in The Netherlands, Germany and the United Kingdom. Docdata offers a complete e-commerce service portfolio to clients, enabling them to be successful on the Internet.
Technology company IAI industrial systems ( http://www.iai-industrial-systems.com) is a high tech engineering company specialised in developing and building systems for very accurate and high speed processing of all kinds of products and materials. IAI delivers clients globally in the following sectors: securing and personalising of security documents, processing of solar cells and modules and processing of other materials and products.
Docdata payments B.V. (http://www.docdatapayments.com) is an international payment service provider for businesses, institutions and governments selling through Internet. Our services ensure the safe, quick and correct online processing and reconciliation of payments, from the moment a consumer places the order until the moment that the funds are paid to the merchant.
Docdata Payments is a key player in the market for online payment processes. Headquarters are in the Netherlands with offices in Germany and the United Kingdom. Docdata Payments is a subsidiary of the listed company DOCDATA N.V.
Corporate website: http://www.docdatanv.com
SOURCE DOCDATA N.V.