Another 18 financial institutions will join the MyBank solution by the end of 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.
MyBank is an electronic authorisation solution which will enable customers to pay for their online purchases via their regular online banking environment or the payment application of their payment service provider. EBA Clearing is a provider of pan-European payment infrastructure solutions owned by 63 of the major banks operating in Europe.
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