2016 feb 17th berlin - mpe2016 - psd2 merchants impact
TRANSCRIPT
Merchant Payments Ecosystem, February 16-18, Berlin
How PSD2 could improve the payment experience for merchants
Reach, ease of use, conversion and costs of
payments in the context of PSD2
Dennis Van Allemeersch
Merchant Payments Ecosystem, February 16-18, Berlin
Merchant Payments Ecosystem, February 16-18, Berlin
Regulated (SEPA) payment infrastructure has good Reach but poor Conversion
Merchant Payments Ecosystem, February 16-18, Berlin
Electronic Alternative Payments (eAP) services have good Conversion but poor Reach
Merchant Payments Ecosystem, February 16-18, Berlin
Hence, payment infrastructure and services layer need to be linked through open APIs
Merchant Payments Ecosystem, February 16-18, Berlin
However, the Open Bank APIs should be standardized at EU level to avoid fragmentation & accelerate innovation
• Open Transaction Alliance (OTA) > branche-initiative payment experts
• Controlled Access to Payment Services (CAPS) > Equens, Vocalink
• Digital Customer Services Interfaces (DCSI) > Euro Banking Association
Merchant Payments Ecosystem, February 16-18, Berlin
Ecommerce Europe urged ECB to put standardization on ERPB 2016 agenda
Merchant Payments Ecosystem, February 16-18, Berlin
Furthermore, the API Service layer could lead to lower indirect costs for merchants
replaces ageing banking payment (debit) systems => higher reliability
Merchant Payments Ecosystem, February 16-18, Berlin
AS PSPs could lower costs further by reducing fraud through new services
check customer and their financial position
Merchant Payments Ecosystem, February 16-18, Berlin
AS PSPs could also increase check-out conversion through new data propositions
Example: for multi-banked customers - aggregate customer data over several
relations (banks / credit card providers / …)
=> Better credit scoring
Merchant Payments Ecosystem, February 16-18, Berlin
Finally, PISPs will enable merchants with a more customer centric approach
Customer in Control