Dutch Banks to Run NFC Payments Pilot

Dutch-banks-NFC-payments-pilot-rfid-blogThis summer, Dutch banks ABN Amro, ING and Rabobank will team up with mobile network operator KPN to run an NFC payments pilot in the city of Leiden.

1,000 consumers, who have an account at one of the three banks and are also customers of KPN, will participate in the pilot. They will be able to use an NFC phone to make payments in shops and restaurants around the city. Transactions of up to €25 can be made without a PIN, higher amounts can also be charged with a PIN.

The move follows a decision taken by the leading Dutch banks and mobile network operators in June 2012 to abandon plans to create a joint venture company to manage NFC payments in the Netherlands.

The new pilot is being run by “Mobile Payment Netherlands” (MFN), a new group established by the three banks that favors “an open and accessible infrastructure” and is working closely with a number of suppliers. This partnership will remain in place until the pilot is completed at the end of 2013. The banks will then make their own individual decisions regarding how they wish to proceed with a wider rollout of NFC payments.