EBA Clearing has issued a call for pilot banks to participate in a iive trial of its MyBank online payment scheme in May 2012.
The company outlined its MyBank plans to banks at the annual EBADay conference in June. The idea is to create a pan-European electronic payments service for online shopping, enabling buyers and sellers to complete transactions through their e-banking portals.
The proposals received a positive welcome at EBAday, leading to a summer-long consultation with other stakeholders from the consumer side, the e-merchants, payment service providers and integrators.
Gilbert Lichter, chief executive officer, EBA Clearing, says: "There is a strong interest among all parties for putting in place a pan-European e-payment solution based on the Sepa schemes and relying on the banks' online banking platforms. Setting up a pilot group is now the logical next step."
With trials pencilled in for May 2012, Lichter says the system could be made available to consumers through their familiar online banking interface from summer 2012 on.
In a first phase, MyBank will support Sepa Credit Transfers and the creation of Sepa Direct Debit e-mandates, with payment initiation via other devices, such as smart phones and tablets, and for transactions in other currencies to follow at a later stage.