Nyhet -

MyBank sharp transaction growth in 2016

The Paypers reports on the current status and achievements of MyBank in 2016. "The Pan-European electronic authorisation solution witnessed a year-on-year volume increase of 112% compared to 2015. Transactions worth EUR 6 million were authorised via MyBank on average per day. The number of merchants offering and using MyBank also saw a considerable increase, going up by more than 35% in 2016 compared to the previous year.

MyBank is often used for the authorisation of transactions in the B2B area, especially in the insurance and travel business, and in public administration. Individual transaction values in the B2B context can reach more than EUR 100,000."

Signicat has successfully been involved in a PoC with MyBank and the MyBank Identity Verification is planned to go live in Q2 2017.

Relaterade länkar

Ämnen

  • Data, Telekom, IT

Kategorier

  • preta
  • mybank
  • signicat
  • kyc
  • eid
  • authorisation
  • identification

Relaterat innehåll

The battle to on-board

40% of consumers abandon the on-boarding process. Find out how financial institutions can prevent turning consumers away at the final hurdle. Download your free white-paper to find out more.

Signicat welcomes PSD2 Strong Customer Authentication

Signicat welcomes PSD2 Strong Customer Authentication and welcomes requests to receive news and updates from the digital identity space.

First MyBank Identity Verification Pilot showcased at EBAday

Today at EBAday in Milan, two participants in the MyBank Identity Verification Pilot showcased how a consumer can digitally agree to a contract using an authentication service provided by their bank. The transaction was completed between Signicat, a European digital identity service provider, and CWBI, the main gateway for a number of financial institutions participating in MyBank.

PSD2: Identification will be crucial for PISPs and AISPs

The PSD2 and IFR: Opportunities and risks for payments service providers in the EU article by Accenture and the download "How Payments regulation will disrupt and reshape Europe's card payment ecosystem" is an excellent start to understand the future possibilities and hurdles. European identification is one hurdle that can be solved by using eID Hubs.

UK banks losing 40% of applicants during on-boarding

UK banks losing 40% of applicants during on-boarding. Find out how financial institutions can prevent turning consumers away at the final hurdle. Signicat white-paper on the battle to on-board is available on https://www.signicat.com/eid/whitepaper-the-battle-to-on-board/