e-Payments in Europe: Are we ready to standardise?

With PSD2 and other initiatives in the market like instant payments, E-IDAS, open banking, Europe has her arms wide open for innovation and aims to inspire more market competition.

In fact, the European Parliament had a recent vote in which the MEPs express a need to seize opportunities from new technologies and have a innovation-friendly policy towards online platform. http://www.europarl.europa.eu/news/en/news-room/20160114IPR09903/Stop-geo-blocking-and-boost-e-commerce-and-digital-innovation-says-Parliament

Legislation reflects this with the plethora of changes in payments coming in place.  Yet at the same time in a messy / vibrant market economy, there is a risk of fragmentation.  Along with the push towards creating room for innovation and sparkling initiatives, is it time now for e-payments to be standardised?  Are the notions of standardization and innovation mutually exclusive?

Looking further to consumers and merchant needs, how could legislation and changes or standardisation better fit their needs and expectations.  Can identity authentication become an additional offering by service providers?  Can e-Mandates and e-Identity be a type of transaction service with wider applications?

Speaking on this topic from perspective of two of Europe’s largest e-payments players, Max Geerling from iDEAL NL and John Broxis from MyBank will host an informal but sharp discussion on these topics!  Bring along your questions and challenges. It will be an exciting debate discussion.

Key points for discussion:
–       Risk of disintermediation but also opportunities for banks with PSD2
–       Consumers and merchants: what do they really want?
–       Services beyond payments: e-Mandates and e-Identity
–       Role of APIs / standards and the need to go beyond the technical layer to create useful services for end users

What are your concrete questions? Join the debate. Post your questions already and send them to joyce@transactives.com

 

Max is a business expert in digital payments. Currently in the role of Executive Advisor at the Dutch Payments Association in the area of PSD2 / access-to-the-account and e-payments method iDEAL. He has a broad work background in cards payments and online / mobile payments, with prior experience in management positions and as a business consultant. Max holds a PhD in Computing Science from the University of Nijmegen.

John Broxis has been working in payments and banking systems since 1997 with Logica in London and Saudi Arabia.
He moved to EBA CLEARING in 2002 to support the development and launch of STEP2, thepan-European ACH. In 2007, he became Director of STEP2 taking the platform through SEPA migration to be the largest clearing system in Europe, and one of the most sophisticated globally.
In 2010, John created MyBank, a pan-European e-authorisation solution for online payments, which went live in 2013. In 2014, MyBank was moved to a separate company, PRETA S.A.S. with John as Managing Director.

  • @EuroPaySummit

    European Pymt Summit European Pymt Summit @EuroPaySummit RT @BrettKing: How Chinese companies are planning a global fintech coup https://t.co/WZS3vqAPh5 #Fintech #China #HK #Africa #Alibaba #Ten 4 days ago
    European Pymt Summit European Pymt Summit @EuroPaySummit Do you have compelling views, research, or experience to share with fellow innovators, regulators, and industry exp… https://t.co/1sjHWtG9rF 5 days ago
    European Pymt Summit European Pymt Summit @EuroPaySummit For everyone who wants to follow the latest movements and news from Central Banks in payments, check out the CBPN!… https://t.co/KxjTW8o2HS 5 days ago
    European Pymt Summit European Pymt Summit @EuroPaySummit Announcing the 17th edition of EUROPEAN Payment Summit in The Hague next year 25-26 April 2019! Save your date, ch… https://t.co/kLf8XCGs6d 5 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit @aidtechnology wins unanimous jury vote at the Florin Innovation Asia Award at GPS2018! Congrats to a worthy winner… https://t.co/WAbUsgWhvX 13 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit @everiToken wins our public vote of the Florin Innovation Asia Awards! https://t.co/gE2NiHKYv6 13 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit Not all wallets are created equal - DuncanWoods @OliverWyman at GPS2018 https://t.co/dnsPSItwhC 13 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit Cross border real time is happening now - are you ready? @ACI_Tunbridge @ACI_Worldwide https://t.co/rtNUVOtsBS 13 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit 78% asean institutions think real-time payments will replace use of payment cards #Payments #realtimehttps://t.co/nmtBBbGrTO 13 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @ThePaypers: Collaboration&tech support ‘faster versions of #paymentsolutions - but what about #security risks? @silviamensdorff @vivekb 1 month ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @silviamensdorff: Great conference @europaysummit - as discussed - i#GDPR is the Modern Wealth In Your Digital DNA - hope you enjoy my b… 1 month ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @EBFeu: Wim Mijs: “The financial industry needs enough flexibility to come up with interoperable and secure #payment solutions, because… 1 month ago
    European Pymt Summit European Pymt Summit @EuroPaySummit @RiskIdent @ThePaypers Awesome to hear! All the best. 1 month ago
    European Pymt Summit European Pymt Summit @EuroPaySummit Wrapping up EPS2018 with our closing keynote panel. @jgrantindc @BroxisJ @Wim_Mijs EstherGroen #paysummits https://t.co/sVeTWwDJM8 1 month ago
    European Pymt Summit European Pymt Summit @EuroPaySummit @signicat Congratulations! Great job! 1 month ago
    European Pymt Summit European Pymt Summit @EuroPaySummit @RiskIdent @ThePaypers Congratulations!!! 1 month ago
  • Also interesting
    Register Early for 20% Discount
    Written on 12 November '18 by
    READ MORE
    The Pains and Gains of the GDPR: Bridging Finance, Technology and Personal Data
    Written on 28 February '18 by
    READ MORE
    Diversity in Payments - Open, Robust and Efficient
    Written on 28 February '18 by
    READ MORE
  • News