Paris, 19 December 2012
Eleven banks to go live with MyBank in March 2013
- The first joining window attracted financial institutions from three European countries
- Sixteen integrators will support payment service providers and e-merchants with off-the-shelf solutions from the start
EBA CLEARING announced today that 11 financial institutions, from Italy, France and Luxembourg, have decided to join the MyBank solution for its launch on 25th March 2013, making the MyBank solution available to millions of retail customers and thousands of e-merchants. The go-live will mark the first step of the roll-out of this pan-European electronic authorisation solution for online payments across the Single Euro Payments Area (SEPA).
Payment service providers (PSPs) and e-merchants offering the MyBank solution to their customers from March 2013 on will be able to rely on the support of 16 integrators, which have declared that they will offer off-the-shelf technical solutions to PSPs and e-merchants wishing to offer the solution from day 1.
Nine of the participants in the first joining window are located in Italy. This will provide a solid basis for the solution to be quickly accepted throughout Europe.
“We are very pleased that MyBank will become available to a vast user community in Italy right from the beginning, so consumers and businesses can immediately benefit from this safe and simple solution when shopping or selling on the Internet”, said Giorgio Ferrero, Chairman of EBA CLEARING. “This first joining window marks only the first step towards rolling out MyBank to e-merchants and retail customers all across Europe and we are confident that more payment service providers in other European countries will join the solution throughout 2013.”
The go-live of the solution in March 2013 follows the successful completion of the MyBank pilot in November 2012. In a first phase, MyBank will support the initiation of SEPA Credit Transfers via browser-based applications. A mobile application and functionality supporting the creation or modification of e-mandates for SEPA Direct Debits are planned to follow in the course of 2013.
MyBank is an electronic authorisation solution that will make it easier and safer to sell and buy goods and services over the Internet at a pan-European level. MyBank will enable customers to pay for their online purchases via their regular online banking environment or the payment application of their payment service provider.
For additional information about MyBank, please visit: www.mybankpayments.eu
ABOUT EBA CLEARING
EBA CLEARING is a provider of pan-European payment infrastructure solutions. The Company is owned by 64 of the major banks operating in Europe. EBA CLEARING manages the largest processing infrastructure for euro retail payments in terms of participation: over 4,700 PSPs across Europe are reachable in one or more of its STEP2 SEPA Services.
For additional information about EBA CLEARING, please visit: www.ebaclearing.eu