A Position Paper was created by the international web merchant community with the most pressing issues leading to 10 recommendations. These vary from short term operational improvements (e.g. 3D Secure, charge back procedures) to new services development in the field of buyer authentication and payments on tablets and mobile phones. A strong call to action was made towards the banking industry to come up with payment methods leveraging the online banking channel with regards to the new SEPA payments products.
“The EMI is a historic initiative in this field”, says Wijnand Jongen representing the initiative group of collaborating web merchant organizations and web merchants from UK, France, Germany, Denmark, Belgium, Italy, Spain, Sweden, Finland and The Netherlands . “Never before was the voice of merchants articulated so strongly. Merchants are looking to bring the e-commerce market to the next level and invite the financial industry to join as partners”.
Various stakeholders were represented in Barcelona, including European Payment Council, European Central Bank, Euro Banking Association Clearing, Acquirers, Payment Service providers, merchant organizations and merchants. A 2nd draft position paper, which has been reviewed in the past months by all stakeholders, was discussed in Barcelona. During this day input was gathered for a 3rd final version, which will be published on 14 June, before its presentation at the European Banking Association conference (EBA Day) in Madrid on 15 June. The current version 2nd draft of the Position Paper can be download here: http://www.e-commercesummit.com/preconference/ .
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