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.