This is the 4256th most frequent Dutch word.
betaalvereniging
"Betaalvereniging" translates to "payment association" in English, referring to an organization that oversees payment systems or services.
Here, 'betaalvereniging' refers to an organization that oversees payment transactions within financial institutions.
De betaalvereniging reguleert de transacties tussen verschillende banken.
The payment association regulates transactions between different banks.
In this context, 'betaalvereniging' stands for an entity working to enhance secure payment mechanisms.
Onze betaalvereniging heeft stappen ondernomen om de veiligheid van online betalingen te verhogen.
Our payment association has taken steps to improve the security of online payments.
The term 'betaalvereniging' is described as an organization providing services or benefits to its members in payment processes.