THE BANK ACCOUNT AT THE HEART OF THE DIGITAL EXPERIENCE. MyBank for Service Providers

Transcription

1 THE BANK ACCOUNT AT THE HEART OF THE DIGITAL EXPERIENCE MyBank for Service Providers 33 rd EPSM Meeting March 12 th, Munich v MyBank is owned by Preta S.A.S, a wholly owned subsidiary of EBA CLEARING Moritz von Widekind Representative D-A-CH m.vonwidekind@mybank.eu

2 The MyBank Ecosystem INTRODUCTION

3 SCT SDD E-ID MyBank the Pan-European Multi-Purpose Solution MyBank is a service infrastructure and an e-authorization solution offering a real time access to accounts all over Europe. MyBank is a decentralized four-corner-model: We on-board Banks and Payment Service Providers in the unique ecosystem who can sell and deliver the services to their end users. MyBank services cover: Online & Mobile Payments by SEPA Credit Transfer E-Mandate authorization and validation for SEPA Direct Debit Core and B2B E-Identity services: Strong customer authentication and access to Banks KYC in real time. Launch in 2015 MyBank is an initiative by EBA Clearing a specialist of pan European payment infrastructure owned by the major European Banks. MyBank is in line with European regulatory work streams (PSD2, EBA guidelines, ECB/ERPB) and can help the banks to comply in an easy and efficient way.

4 MyBank - a classic, safe, secure and decentralized Four-Corner- 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 Seller Browser Website System Browser Info trx trx Online Banking Validation Service Directory Routing Service Seller e-channel Buyer Bank Authorising PSP Seller Bank Requesting PSP

5 MyBank SCT Payments * * Click on picture to start web demo

6 MyBank Mandate Features MyBank E-Mandate in line with EBA guidelines via the strong customer authentication. MyBank E-Mandate application covers: Online creation & authorization initiated on the creditor website Online modification initiated on the creditor website Online cancellation initiated on the creditor website For one-off and recurring collections (as agreed between the debtor and creditor) The MyBank mandate family: MyBank Mandate for SDD Core and Core1 LIVE MyBank Mandate for SDD Core with a waiver of the unconditional refund right LIVE MyBank Mandate for SDD B2B 04/15

7 MyBank E-Identity Strong customer authentication and access to banks KYC in real-time Confirmation of basic Identity attributes Authentication - Is X John Doe? (Yes or No) Age - Is X over the age of 18? (Yes or No) Confirmation of complex Identity attributes Passport Number - Is «TK231569» the passport number of John Doe? (Yes or No) VAT code/ Fiscal code Provisioning of Identity attributes Postal Address Passport Number Authentication with Digital Signature PILOT Q2 2015

8 MyBank unlocks digital Payment Barriers Simplicity for buyers Simplicity for merchants Safety and trust Cost effective No registration No access to sensitive data: no PCI No sensitive data shared with third parties Low costs Familiar environment Omni-channel Real time Easy implementation / reconciliation / refund process Operation takes place within client bank infrastructure No fraud No chargebacks No interchange A single, familiar user experience for all Europe One solution for all Europe Can I trust the merchant? is out of scope No PCI DSS

9 MyBank Positioning in the Payment Landscape Low value transactions Mobile payments High value transactions High risk merchants Cross border transactions Recurring transactions B2B Payments User experience Safety Spending limits Trust in third parties User experience Card equipment rate Fraud management Spending limit Low fixed costs Lost business due to Fraud management rules Direct losses due to Fraud / CB risks Expiry dates Ad valorem costs Safety User experience Ad valorem Costs Lost business due to Fraud management rules Risk of non payment Payer authentication MYBANK MANDATE One operation for unlimited collections MYBANK Compatible with all channels MYBANK No spending limit / No fraud MYBANK Operation takes place in own bank account MYBANK MANDATE One operation for unlimited collections MYBANK B2B MANDATE SCT No spending limit / strong authentication / reach

10 MyBank the European Roll-out is speeding up MARCH 2013 LIVE 2015 FORECAST 3 Countries 6 Countries? 149 Banks and Financial Institutions KICK-OFF > Buyer Banks 146 Seller Banks Banks and Financial Institutions >15 million reachable buyers >30 million reachable buyers

11 The MyBank Value Proposition and Business Model for Service Providers MYBANK FOR SERVICE PROVIDERS

12 Service Provider Roles SP Profile Description Role in MyBank Service provider Program MyBank Service Onboarding Process Consultant Company offering consulting services about MyBank None All NDA Payment Gateway Delivery and maintenance of initiating module to merchants or PSP as white label Initiating Party Provider SCT / SDD NDA Certification Level 1 Mandate Management Service Provider Delivery and maintenance of Mandate management services to Creditors or to third party as white label Initiating Party Provider SDD NDA Certification Level 1 IT solutions to Banks or Corporates Delivery and maintenance of initiating module to merchants or PSP as white label Initiating Party Provider SCT / SDD NDA Certification Level 1 Delivery and maintenance of Validation and Routing Service to MyBank participants Routing or Validation Service provider SCT / SDD NDA Certification Level 2

13 The different Roles within the MyBank Ecosystem Authorising Side Initiating Side Consulting Buyer Seller E Mandate Management Browser Website System Browser Payment Gateway Info trx trx Added value services Consulting Online Banking Validation Service Directory Routing Service Seller e-channel Payment Gateway Consulting E Mandate Checks Buyer Bank Authorising PSP Seller Bank Requesting PSP E Mandate Management Added value Services Services attached to Online banking: Currency conversion / Insurances / Payment facilities Consulting MyBank Consulting: IT / Strategy / Product / Marketing Payment Gateway White label solution for banks / Gateway and back office services for merchants E Mandate Management E Mandate Database management / Life cycle management / Collection management Routing / Validation Service Bank modules that have to be developped for each participating bank E Mandate Checks E mandate checks within risk management: White/black list, maximum amount,

14 MyBank Affiliate Service Provider Program Open to service providers in stand-alone mode: Validation Service providers Routing Service providers Service providers to Sellers (Merchants) Consultancy companies Other technology service providers Benefits: Visibility Information Networking

15 MyBank Self-Certification Program Open to affiliate service providers which offer: Validation Service / Routing Service Payment gateway services to merchants Benefits in addition to those of the affiliation program: Access to the testing environment: Tools, scripts, Access to the self-certification process License for the usage of the MyBank logo Inclusion into the list of referenced suppliers available to the MyBank participants

16 MyBank Service Provider Program Fees

17 Collecting Payment Service Providers 3 options possible for SCT payments Participation to the service provider program: Certification of the payment gateway Partnership as a MyBank CPSP participant (super seller model) The collecting service provider signs up a contract wit a seller bank and is considered as a super seller The collecting service provider certifies his payment gateway solution and signs up an adherence agreement with MyBank The authorization message includes the details of the seller where the transaction actually takes place Participation as a seller bank: Registered in the SEPA area as a payment service provider (as stated by PSD) Adherent to the EPC relevant scheme Direct or indirect participant of a SEPA CSM

18 CPSP as Super Seller within the MyBank Ecosystem Authorising Side Initiating Side Buyer Seller Browser trx CPSP Info / Settlement Online Banking Directory trx Settlement Validation Service Routing Service Buyer Bank Authorising PSP Seller Bank Requesting PSP Contractual Organization within the Super Seller -Model Payment Gateway Self Certification Adherence Agreement Contract CPSP Seller / Seller Bank Contract Participation Agreement

19 MyBank Self-Certification of the Payment Gateway Objective: Building trust and reliability Benefits: Access to the testing environment: Tools, scripts, Access to the self-certification process License for the usage of the MyBank logo Inclusion into the list of referenced suppliers available to the MyBank participants and merchants Certification cost: Level 1a Self-Certification Program fee (1) Per MyBank application 5,000 (one Off) / 2,000 (Annual) Level 1b Self-Certification Program fee (2) Per MyBank application 7,500 (one Off) / 3,000 (Annual) (1) This fee applies to service providers that offer services to merchants and wish to participate in a testing window in a stand-alone mode and complete the level 1a self-certification process with the aim to interact with one single Routing Service(Seller Bank). (2) This fee applies to service providers that offer services to merchants and wish to participate in a testing window in a stand-alone mode and complete the level 1b self-certification process with the aim to interact with more than one Routing Service (Seller Bank).

20 Thank you For further Information