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Adyen
Adyen is a Dutch payment company with status of an acquiring bank that allows businesses to accept e-commerce, mobile, and point-of-sale payments. It is listed on the stock exchange Euronext. Adyen offers merchants online services for merchants to accept electronic payments using payment methods including credit cards, debit cards, wire transfers, and real-time bank transfers based on online banking. It connects merchants to different payment methods, including international credit cards, local cash-based methods, and mobile payment methods. The technology platform acts as a payment gateway and a payment service provider. History Adyen was founded in 2006 by Pieter van der Does and Arnout Schuijff, now the CEO and CTO respectively. Headquartered in Amsterdam, the company employs around 2,000 people in offices in twenty three countries. The name Adyen means 'start again' in Sranan Tongo. This is a reference to this being the second project of the founders, after Bibit. In 2 ...
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Arnout Schuijff
Arnout Schuijff (born 1967/1968) is a Dutch billionaire Internet entrepreneur, and the co-founder and chief technology officer (CTO) of Adyen. From 1997 to 2004, Schuijff was systems architect at Bibit Global Payment Services. In 2006, Schuijff co-founded Adyen. In June 2018, he became a billionaire after Adyen's IPO, based on his 6.4% stake in the company. Co-founder and CEO Pieter van der Does has a 4.8% stake worth $800 million, and his brother, Joost Schuijff, has a stake worth $500 million. As of 2021, Arnout is ranked #859 on the ''Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...'' list of billionaires and worth about US$3.5 billion. Arnout is married, and lives in Amsterdam, Netherlands. References {{DEFAULTSORT:Schuijff, Arnout Living people Dutch bill ...
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Pieter Van Der Does (businessman)
Pieter van der Does (born 1968/69) is a Dutch Internet entrepreneur, and the co-founder and chief executive officer (CEO) of Adyen. Early life Van der Does earned a master's degree in economics from the University of Amsterdam The University of Amsterdam (abbreviated as UvA, nl, Universiteit van Amsterdam) is a public research university located in Amsterdam, Netherlands. The UvA is one of two large, publicly funded research universities in the city, the other being .... Career Van der Does was chief commerce officer at Bibit Global Payment Services until it was bought by Royal Bank of Scotland in 2004, after which he was a board member until 2006. In 2006, van der Does co-founded Adyen. In June 2018, after Adyen's IPO, based his 4.8% stake in the company was valued at $800 million. In 2020 van der Does has been listed for the first time in Forbes Billionaire list. Personal life Van der Does is married, and lives in Amsterdam, Netherlands. References {{DEFAULTSOR ...
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Payment Service Provider
A payment service provider (PSP) is a third-party company that assists businesses to accept electronic payments, such as credit cards and debit cards payments. PSPs act as intermediaries between those who make payments, i.e. consumers, and those who accept them, i.e. retailers. Some of the most renowned PSPs are: * Adyen * PayPal * Stripe Operation PSPs establish technical connections with acquiring banks and card networks, enabling merchants to accept different payment methods without the need to partner with a particular bank. They fully manage payment processing and external network relationships, making the merchant less dependent on banking institutions. PSP can also offer risk management services for card and bank based payments, transaction payment matching, reporting, fund remittance and fraud protection. Some PSPs provide services to process other next generation methods (payment systems) including cash payments, wallets, prepaid cards or vouchers, and even p ...
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Payment Company
A payment service provider (PSP) is a third-party company that assists businesses to accept electronic payments, such as credit cards and debit cards payments. PSPs act as intermediaries between those who make payments, i.e. consumers, and those who accept them, i.e. retailers. Some of the most renowned PSPs are: * Adyen * PayPal * Stripe Operation PSPs establish technical connections with acquiring banks and card networks, enabling merchants to accept different payment methods without the need to partner with a particular bank. They fully manage payment processing and external network relationships, making the merchant less dependent on banking institutions. PSP can also offer risk management services for card and bank based payments, transaction payment matching, reporting, fund remittance and fraud protection. Some PSPs provide services to process other next generation methods (payment systems) including cash payments, wallets, prepaid cards or vouchers, and even pa ...
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AEX Index
The AEX index, derived from Amsterdam Exchange index, is a stock market index composed of Dutch companies that trade on Euronext Amsterdam, formerly known as the ''Amsterdam Stock Exchange''. Started in 1983, the index is composed of a maximum of 25 of the most frequently traded securities on the exchange. It is one of the main national indices of the stock exchange group Euronext alongside Euronext Brussels' BEL20, Euronext Dublin's ISEQ 20, Euronext Lisbon's PSI-20, the Oslo Bors OBX Index, and Euronext Paris's CAC 40. History The AEX started from a base level of 100 index points on 3 January 1983 (a corresponding value of 45.378 is used for historic comparisons due to the adoption of the Euro). The index's peak to date was set on 26th October 2021 816.91 After the dot-com bubble in 1999, the index value more than halved over the following three years before recovering in line with most global financial markets. The AEX index dealt with its second largest one-day l ...
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Payment Service Provider
A payment service provider (PSP) is a third-party company that assists businesses to accept electronic payments, such as credit cards and debit cards payments. PSPs act as intermediaries between those who make payments, i.e. consumers, and those who accept them, i.e. retailers. Some of the most renowned PSPs are: * Adyen * PayPal * Stripe Operation PSPs establish technical connections with acquiring banks and card networks, enabling merchants to accept different payment methods without the need to partner with a particular bank. They fully manage payment processing and external network relationships, making the merchant less dependent on banking institutions. PSP can also offer risk management services for card and bank based payments, transaction payment matching, reporting, fund remittance and fraud protection. Some PSPs provide services to process other next generation methods (payment systems) including cash payments, wallets, prepaid cards or vouchers, and even p ...
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Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also reports on related subjects such as technology, communications, science, politics, and law. It is based in Jersey City, New Jersey. Competitors in the national business magazine category include '' Fortune'' and '' Bloomberg Businessweek''. ''Forbes'' has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the America's Wealthiest Celebrities, of the world's top companies (the Forbes Global 2000), Forbes list of the World's Most Powerful People, and The World's Billionaires. The motto of ''Forbes'' magazine is "Change the World". Its chair and editor-in-chief is Stev ...
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Amsterdam
Amsterdam ( , , , lit. ''The Dam on the River Amstel'') is the capital and most populous city of the Netherlands, with The Hague being the seat of government. It has a population of 907,976 within the city proper, 1,558,755 in the urban area and 2,480,394 in the metropolitan area. Located in the Dutch province of North Holland, Amsterdam is colloquially referred to as the "Venice of the North", for its large number of canals, now designated a UNESCO World Heritage Site. Amsterdam was founded at the mouth of the Amstel River that was dammed to control flooding; the city's name derives from the Amstel dam. Originally a small fishing village in the late 12th century, Amsterdam became a major world port during the Dutch Golden Age of the 17th century, when the Netherlands was an economic powerhouse. Amsterdam is the leading center for finance and trade, as well as a hub of production of secular art. In the 19th and 20th centuries, the city expanded and many new neighborho ...
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Sranan Tongo
Sranan Tongo (also Sranantongo "Surinamese tongue," Sranan, Surinaams, Surinamese, Surinamese Creole) is an English-based creole language that is spoken as a ''lingua franca'' by approximately 550,000 people in Suriname. Developed originally among slaves from West Africa and English colonists, its use as a ''lingua franca'' expanded after the Dutch took over the colony in 1667, and 85% of the vocabulary comes from English and Dutch. It also became the common language among the indigenous peoples and the indentured laborers imported by the Dutch; these groups included speakers of Javanese, Sarnami Hindustani, Saramaccan, and varieties of Chinese. Origins The Sranan Tongo words for "to know" and "small children" are and (respectively derived from Portuguese and ). The Portuguese were the first European explorers of the West African coast. A trading pidgin language developed between them and Africans, and later explorers, including the English, also used this creole. Based ...
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Unicorn (finance)
In business, a unicorn is a privately held startup company valued at over US$1 billion. The term was first published in 2013, coined by venture capitalist Aileen Lee, choosing the mythical animal to represent the statistical rarity of such successful ventures. CB Insights identified 1,170 unicorns worldwide . Unicorns with over $10 billion in valuation have been designated as "decacorn" companies. For private companies valued over $100 billion, the terms "centicorn", "hectocorn", and "super-unicorn" have been used. The term "kilocorn" has been used for companies valued at $1 trillion, of which Apple was the first. History Aileen Lee originated the term "unicorn" in a 2013 ''TechCrunch'' article, "Welcome To The Unicorn Club: Learning from Billion-Dollar Startups". At the time, 39 companies were identified as unicorns. In a different study done by ''Harvard Business Review'', it was determined that startups founded between 2012 and 2015 were growing in valuation twice as fas ...
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Mobile Payment
A mobile payment, also referred to as mobile money, mobile money transfer and mobile wallet, is any of various payment processing services operated under financial regulations and performed from or via a mobile device, as the cardinal class of digital wallet. Instead of paying with cash, cheque, or credit cards, a consumer can use a payment app on a mobile device to pay for a wide range of services and digital or hard goods. Although the concept of using non-coin-based currency systems has a long history, it is only in the 21st century that the technology to support such systems has become widely available. Mobile payments began adoption in Japan in the 2000s and later all over the world in different ways. The first patent exclusively defined "Mobile Payment System" was filed in 2000. In developing countries, mobile payment solutions have been deployed as a means of extending financial services to the community known as the "unbanked" or "underbanked", which is estimated to be ...
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