Banksys Explained

Established:-->
Former Name:-->
Merged:Worldline SA
Founders:-->
Defunct:-->
Vat Id:(for European organizations) -->
Focus:-->
Location Country:Belgium
Product:-->
Method:-->
Field:-->
Languages:-->
Owners:-->
Publication:-->
Parent Organisation:-->
Website:banksys.be
Area Served:or
Region:-->

Banksys N.V. (or Banksys SA) was a Belgian payment processor owned by Belgian banks.[1]

It was formed in 1989 through the merge of ATM/POS networks of Bancontact and Mister cash. It also developed the Proton system, which was later spun-off into Proton World International.

The Belgian antitrust authority noted that Banksys was too dominant in the market for payment services.[2] The Union of Self-Employed Entrepreneurs noted in 2003 that this issue has not been fixed.[3] Banksys was merged with Atos Worldline at the end of 2006, together with the Bank Card Company.[4]

See also

External links

Notes and References

  1. Hautain. Dominique. August 1999. Proton World and CEPS: the best of both worlds. European Business Review. en. 99. 4. 271–273. 10.1108/09555349910281478. 0955-534X.
  2. News: Banksys te dominant in betalingen. De Tijd.
  3. News: Unizo: 'Monopolie Banksys nog niet doorbroken'. De Tijd.
  4. News: Banksys en BCC samengevoegd tot Atos Worldline. De Tijd.