20 February 2018
visit www.ebaday.com

Eighteen more banks set to join EBA MyBank

09 July 2013  |  1876 views  |  0 Source: EBA Clearing

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.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.swift.com/your-needs/instant-paymentsVisit https://www.capgemini.comVisit www.vasco.com

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11664 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9272 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9105 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
7757 views comments | 13 tweets | 11 linkedin
FCA explores creation of global sandboxFCA explores creation of global sandbox
7173 views comments | 19 tweets | 18 linkedin

Featured job

Six-Figure-Base, Double OTE, Benefits Package
London, UK

Find your next job