21 October 2017

Austrian payments scheme to participate in MyBank pilot

15 May 2012  |  1880 views  |  0 Source: Stuzza

Since 2012 STUZZA provides an e-Service Scheme Operator for payment institutions which is operated by ARZ Innsbruck as technical provider.

With this central Scheme Operator various e-Services can be operated and managed by using existing banking infrastructures like Online-Banking applications for e.g. e-payments. This e-Service Scheme Operator serves as central routing and validation platform for the eps e-payment standard (www.eps.or.at), an Austrian Scheme for immediate, secure and irrevocable SCT online payments.

Stuzza and MyBank
Stuzza and MyBank plan to partner for cross-border e-Payments by reusing the eps Routing and Validation Services for MyBank.
Stuzza will participate in the MyBank pilot as a proof of concept.
Banks will get a swift, low cost implementation of MyBank.
Webshops/merchants will get the opportunity to offer both eps and MyBank as online payment method to their customers.
This will enhance customers a broader online market and merchants to buy online using their known and trusted online-banking.
Merchants will benefit with secure and irrevocable SEPA Credit Transfer payments together with a real-time e-payment confirmation.

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