When I moved to NL I was really amazed by this system (no more writing checks!). Since the bank itself is in charge of the payment form, the incentives to fix

When I moved to NL I was really amazed by this system (no more writing checks!). Since the bank itself is in charge of the payment form, the incentives to fix security are in the right place. Of course, this is easy to do in a small country with less than 10 banks, which all trust one another.