EBA CLEARING has issued a call for participation in its MyBank E-mandate Pilot to banks and service providers. The aim of the pilot is to test the MyBank E-mandate solution for SEPA Core Direct Debits with regard to reliability, security and usability.
Paul Alfing, chair e-Payments Committee Ecommerce Europe: “Already for longer time, web merchants raised attention for e-mandates as a means to unlock SDD’s potential for the web. MyBank holds the potential with regards to support for e-mandates and SDD”. The pilot Is planned to go live in October 2013.
The testing will involve banks, service providers and corporates which will ensure in co-operation that the different components of the MyBank E-mandate solution work together seamlessly before the solution will be rolled out. Service providers can participate in the testing either directly or through a partnership with a participating bank. Banks are invited to join the pilot with a corporate customer to ensure that the end-to-end testing fully meets the requirements and expectations of all stakeholders.
Alfing: “Direct Debits are a very attractive and cost-effective payment method for online shopping. That is why Ecommerce Europe has been calling for a pan- European e-authorisation solution based on the SEPA instruments”.
Registration deadline for the pilot
Interested parties can register for the MyBank E-mandate Pilot until 17th July 2013. The pilot will be kicked off in October 2013 and will run until February 2014. It is expected that MyBank users will be able to create, modify and cancel e-mandates for SEPA Core Direct Debits by the beginning of next year.
MyBank went live in March 2013. At this stage, the solution enables online shoppers to initiate SEPA Credit Transfers via their regular online or mobile banking interface without the need to disclose their personal bank account or payment details to any third parties.