Mybank.

MyBank is an e-authorisation 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 seller and buyer banks across Europe. Banking security is at the core of MyBank. MyBank creates a direct link between a customer’s online bank account and the online business’s bank which eliminates the need to collect and store personal data. Customer identity and confidential data are protected. Immediate authorisation of payments reduces risk of fraud and charge-backs. 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.

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