A Preferred Online Payment in Italy
MyBank is an e-authorization solution which enables safe digital payments and identity authentication through a consumer's own online
banking portal or mobile application.
It is an infrastructure which facilitates real-time e-commerce services between merchant and consumer banks across Europe.
Banking security is at the core of MyBank. MyBank creates a direct link between a consumer's online bank account and the merchant's bank which eliminates the need to collect and store personal data.
Consumer identity and confidential data are protected. Immediate authorization of payments reduces risk of fraud and chargebanks.
With MyBank, trust and confidence in online transactions is increased. MyBank brings together European banks and financial Institutions into a single infrastructure with an integrated set of standards and rules.
It is a pan-European solution based on SEPA payment instruments which means it can be used seamlessly throughout Europe.
How MyBank Works
Upon purchase the consumer selects the option to pay with MyBank. The consumer selects the bank of preference and logs in to home banking and authorizes the payment.