- Four major Italian payment banks and a first bank from Luxembourg joined MyBank today
- Another 18 financial institutions will follow before the end of the month
EBA CLEARING announced today that four major Italian payment banks and a first bank from Luxembourg went live with MyBank, the Company’s pan-European e-authorisation solution.
Another 18 financial institutions will join the MyBank solution on 29th July 2013. With these additional institutions joining, there will be 51 MyBank Participants in total, making MyBank available to over ten million retail customers only four months after the launch of the solution. The participating institutions are located in France, Italy and Luxembourg.
By the end of the year, over 100 more banks are expected to join the solution in Italy alone, in line with the Italian banking community’s commitment to roll out MyBank nationally. Financial institutions from other countries are making plans to join MyBank during 2014 after the SEPA migration.
At this stage, customers can use MyBank to make payments via their regular online or mobile banking interface without the need to disclose their personal bank account or payment details to any third parties. The third joining window for the MyBank SEPA Credit Transfer solution is open for registration and will start in September 2013.
In 2014, MyBank users will also be able to create, modify and cancel e-mandates for SEPA Core Direct Debits. A MyBank E-mandate Pilot will be kicked off in October 2013 and run until February 2014.
The following financial institutions joined MyBank on 8th July 2013:
ALLIANZ BANK FINANCIAL ADVISORS S.P.A.
BANCA ITB S.P.A.
The following financial institutions will join MyBank on 29th July 2013:
INBIZ - BANCA CR FIRENZE S.P.A.
INBIZ - BANCA DELL’ADRIATICO S.P.A.
INBIZ - BANCA DI CREDITO SARDO S.P.A.
INBIZ - BANCA DI TRENTO E BOLZANO
INBIZ - BANCA MONTE PARMA S.P.A.
INBIZ - BANCA PROSSIMA S.P.A.
INBIZ - BANCO DI NAPOLI S.P.A.
INBIZ - CASSA DEI RISPARMI DI FORLI’ E DELLA ROMAGNA S.P.A.
INBIZ - CASSA DI RISPARMIO DEL FRIULI VENEZIA GIULIA S.P.A.
INBIZ - CASSA DI RISPARMIO DEL VENETO S.P.A.
INBIZ - CASSA DI RISPARMIO DELLA PROVINCIA DI VITERBO S.P.A.
INBIZ - CASSA DI RISPARMIO DI CIVITAVECCHIA S.P.A.
INBIZ - CASSA DI RISPARMIO DI PISTOIA E DELLA LUCCHESIA
INBIZ - CASSA DI RISPARMIO DI RIETI S.P.A.
INBIZ - CASSA DI RISPARMIO DI VENEZIA
INBIZ - CASSA DI RISPARMIO IN BOLOGNA S.P.A.
INBIZ - CASSE DI RISPARMIO DELL’UMBRIA S.P.A.
INBIZ - INTESA SANPAOLO S.P.A.
MyBank is an e-authorisation solution that makes it easier and safer to sell and buy goods and services over the Internet all across Europe. It enables customers to pay for their online purchases via their regular online or mobile banking environment. The solution is open to all authorised payment service providers in the Single Euro Payments Area (SEPA), including, without limitation, credit institutions and payment institutions.
MyBank is geared at supporting the initiation of e-payments via the SEPA instruments and may at a later stage also be used for transactions in other currencies or for e-identity services.
MyBank has been developed by EBA CLEARING, which also manages the solution. EBA CLEARING is a provider of pan-European payment infrastructure solutions owned by 63 of the major banks operating in Europe.