MyBank is an A2A payment method allowing citizens and businesses to make and receive payments through an immediate and irrevocable SEPA Credit Transfer via their online banking portal/app. Developed by PRETA, a wholly-owned subsidiary of EBA CLEARING, MyBank is open to authorised PSPs in the SEPA region, including credit institutions and payment institutions.
www.mybank.eu
Paris
The payment experience with MyBank is extremely easy: after choosing MyBank, payers select the bank of their choice. Payers are redirected to their online banking, where they can log in with the usual credentials and authorise the pre-filled payment. Both payers and payees receive an immediate notification of the executed payment.
PSPs
Banks
info@mybank.eu
Italy, Belgium, Spain, Portugal
2013
100% subsidiary of EBA Clearing
ISO 27001
40+ million reachable users
14,000
Around 15% in Italy
Bank account required
European Payments Council (EPC)
Euro Banking Association (EBA)
Netcomm Suisse Association (Ecommerce association)
APSP (Association of Payment Service Providers)
ANDAF(Association for Administrative and Financial Directors)
Ecommerce Europe
Secured Payments. Trusted Identity.
No
Yes
Yes (via pay by link installed on POS)
SOAP(XML) or REST(Json)
Virtual POS and plug-ins by PSPs or service providers
Yes for PSPs
250+ banks/PSPs
Instant, 24/7/365
Depending on the banks
No chargeback
Expand reachability in SEPA countries
Intesa Sanpaolo, UniCredit, PayPal, Worldline, Sella, Nuvei, PPRO
EUR 12 billion