The interface will be made available to all buyer banks and will enable them to provide a pan-European solution to their customers to make payments through third-party payment service providers (TPPs). The use of a ‘redirection protocol’ ensures that credentials are not disclosed to any third parties.
MyBank is an e-authorisation solution that enables customers to pay for their online purchases via their regular online or mobile banking environment.
In recent news, MyBank the pan-European e-payments framework, has revealed plans to launch its MyBank Mandates solution in October 2014.
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