3 - MyBank

MyBank
Digital Payments and Identity from your Bank
Netcomm E-Payment
2014
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What is MyBank?
Digital Payments and Identity from your Bank
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Where is MyBank
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MyBank roll out
2013
LIVE
3
Countries
KICK OFF
141
>300
Banks and Financial Institutions
Banks and Financial Institutions
141
Buyer Banks
136
Seller
Banks
12 million buyers
reachable
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15 million buyers
reachable
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A strong support from the E-commerce Industry
• Support from E-Commerce Europe and European E-merchant Associations
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Millions of Enel’s Italian customers can now conveniently pay their gas
and electricity bills via online and mobile banking thanks to MyBank
«MyBank will provide us with real-time information, speed up our reconciliation processes and reduce
fraud »
« In addition to being a payment instrument , MyBank is also an extremely valuable tool in terms of Customer
Satisfaction and anti Churn. »
Giovanni Vattani, Head of Payment Systems at Enel Market Division Italy.
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“MyBank is the ideal way to pay online for holidays.
“MyBank allows our customer to buy from their home easily
and safely via credit transfer, knowing that they will still have
the full spending capacity on their credit card for their
holiday,”
“We expect a great future for MyBank and look forward to
more major banks joining across Europe, which will allow us
to sell our products to travellers from outside Italy.”
Enrico Rao, Responsible for Treasury and Finance Alpitour
Group.
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“With this new agreement we have made a huge step
forward in accomplishing the needs of our customers,
which now have an extra payment method to subscribe to our
insurance policies.”
Angela Cossellu, Managing Director of Zuritel SpA
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MyBank is not just payments!
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• Why did you take MyBank?
• “Because it will soon support advanced mobile
applications and the creation of direct debit emandates.”
Giovanni Vattani, Head of Payment Systems at Enel Market Division Italy
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taken directly to the Bank app.
MyBank is for Mobile
In December we made two important additions to MyBank to further
support the ability to use MyBank through a mobile phone.
• Support for the Seller’s mobile apps
• Support for Bank’s mobile apps
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MyBank P2P Payments
• Pay someone else for by addressing his mobile number
− e.g. friend, relative, cab driver, plumber…
• Directly from your Mobile Banking App or Online Banking Website.
• The simplicity and safety of SCT.
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MyBank is for Direct Debit Mandates
• To digitally authorise recurrent collections corresponding to
− Payments of monthly invoices to utility providers (e.g. electricity, gas)
− Payment of taxes to public institutions (e.g. income tax)
− Payment in instalments for house hold goods (e.g. a washing machine)
− Regular payments for monthly invoices for goods consumed during the month
(e.g. video rental)
− Regular top-up of accounts (e.g. skype)
• To digitally authorise one-off payments for e-commerce purchases
− To pay an item at a deferred time e.g. Payment on shipment / Payment on
delivery
− To pay where the amount is not clearly known in advance
• To digitally authorise B2B SDD collections for payments between
corporates and SMEs
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MyBank is for Identity services
• Information:
− Balance Inquiry
− Pre-filled address fields
• Authentication
− Is he over 18? (for purchasing alcohol, online gambling)
− Does she live in Italy? (for car insurance)
• Confirmation
− Proof of ID
− Digital signature
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For subscribing to a new financial product.
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Security
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A safe and trusted model
Based on a protocol using internet standards and web services.
No single platform. No specific network. No central processing. No central storage of data.
Authorising Side
Initiating Side
Buyer /
Authorising Party
Seller /
Initiating Party
Website
System
trx
trx
Seller
e-channel
Online Banking
Validation
Service
Buyer Bank
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Browser
Info
Browser
Routing
Service
Seller Bank
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Benefits to stakeholders
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Benefits to Consumers
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MyBank is safe, simple and secure
• Removes barriers for online shopping:
• Banks and Payment institutions: trust
• No sharing of sensitive date: security
• Online banking experience – no sign up needed: simplicity
• Increase of buyer spending limits thanks to SCT and SDD
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Benefits to Merchants
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MyBank, a simple low cost solution
•
•
•
•
Simple to implement.
Simple to manage: reduced fraud, dispute management, no interchange
Widens the customer base willing to shop online.
Pan-European scope
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Benefits to Society
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Benefits to Society
• EU: 33 countries, 500 million citizen, 25 million corporates
and SMEs, 9000 banks sharing a single payment experience.
• Digital Agendas for « Job and Growth »
• The European eGovernment Action Plan 2011-2015 :
− Access to information
− Facilitate EU citizens mobility
− Reduce administrative burden
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Its for everybody.
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Thank you
For your attention
<NAME>
<EMAIL>
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