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About iDeal
iDEAL is the internet payment system based on internet banking. This is based out of The Netherlands. This payment process started in 2005 where the consumers can buy online and make payment through direct online transfer from their bank account. This system is being steadily on the rise. This is called as home banking. As more and more people are opting for the convenience of home banking this system gains the popularity. In 2006 iDEAL processed 4.5 million transfers, 15 millions in 2007, 2008 saw a transfer of 28 million and 2009 recorded transfer of 45.5 million. So you can easily make out how the popularity is being in the rise. iDEAL offers merchants a real time payment. This system is virtually a risk free and low cost method. Unlike that of the traditional online payment system that uses temporary applet on the computer, IDEAL is the direct home banking from their home. This is a highly popular system among the Dutch. There are many banks that are associated with iDEAL payment system. ABN Amro, Fortis, ING Bank, Royal Bank of Scotland are among them. iDEAL consists of the majority of the Dutch online banking. This system uses two-factor authentication system for security.
