First cooperation based on PSD2 between ICS and Peaks
Amsterdam, 4 June 2018 - Investment app Peaks joins forces with International Card Services (ICS) , market leader in issuing credit cards in the Netherlands. As a result, Peaks customers will soon be able to make use of the well-known exchange feature on the basis of their bank payments and also on the basis of their ICS credit card transactions
Amsterdam, 4 June 2018 - Investment app Peaks joins forces with International Card Services (ICS) , market leader in issuing credit cards in the Netherlands. As a result, Peaks customers will soon be able to make use of the well-known exchange feature on the basis of their bank payments and also on the basis of their ICS credit card transactions. With this feature, a Peaks customer can authorize Peaks to retrieve their own credit card transaction data from ICS and then use it to determine the 'change' and add it to an investment jar. The app, which allows its users to easily arrange the rounding off of digital payment transactions ('change'), encourages people to build up a jar for later in a low-threshold way.
With this collaboration Peaks and ICS endorse their focus on innovation and the future. Something they really care about. The financial parties are the first in the Netherlands to work together to pre-sort on the payment directive PDS2.
ICS and Peaks are ahead of PSD2
At the moment, the Dutch government is transposing PSD2 payment directive into national legislation, a process that has suffered considerable delays. When the introduction is a fact, banks are obliged to share transaction data with other companies at the request of customers. The aim of the new European PSD2 law is to encourage all kinds of new innovation services in a safe manner and to make the financial sector more competitive.
Peaks and ICS are improving with this collaboration. Sijbrand Tieleman, co-founder of Peaks: "It is a shame to start collaborations in a few months only if we are sure that this legislation will be implemented. Many of our customers would already like to build and invest a so-called change jar on the basis of their transaction data, but because of the delay in the PSD2 implementation in the Netherlands this is not yet possible. Now that a Peaks customer can also give ICS permission to share its transaction data with Peaks, we are already taking an important first step in the run-up to PSD2. Our customers can thus be the first to benefit from the benefits that this new legislation can offer them. "
Innovation is of great importance
Maurice Koot, CEO ICS: "We strongly recommend to pre-sort for innovations in the financial world. As a result, our customers are always at the forefront and can make use of the new possibilities offered by the new directive. "Even now, by being the first financial party pre-sorting on PSD2, Peaks and ICS pull the cart. Until now, the change feature of Peaks was only available to Rabobank account holders. Now users of the Peaks app with an ICS credit card can also use this feature.
- END OF PRESS RELEASE -
Peaks is the first mobile app that allows you to invest with your change. Every time you pay with your debit card, Peaks automatically rounds the amount to the next euro. This creates an investment spot without any major impact on your spending pattern and makes Peaks investing just as easy as debit card payments. Peaks wants to make investing accessible to everyone. In addition, Peaks believes it is important to keep our earth a liveable place for future generations. The way to do something about it as an individual and company is to invest in companies that also find it important. At Peaks you invest your change in sustainable funds. The company Peaks is based in Amsterdam and was founded in 2016 by Tom Arends, Sijbrand Tieleman and Rutger Beens. Rabobank is an important investor in Peaks. www.peaks.nl
About International Card Services
International Card Services (ICS), as credit card company, has been issuing and using Mastercard and Visa credit cards in the Netherlands for 30 years. With around 3 million credit cards in its portfolio, ICS is the market leader in the Netherlands. ICS serves both consumers and customers in the small and medium-sized business market. The credit cards issued by ICS are the most accepted in the world; paying with an ICS credit card means safe payment convenience, excellent service and being insured when something goes wrong. In addition to issuing credit cards, ICS focuses on providing consumer credit.