2016 feb 17th berlin - mpe2016 - psd2 merchants impact
TRANSCRIPT
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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
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Merchant Payments Ecosystem, February 16-18, Berlin
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Merchant Payments Ecosystem, February 16-18, Berlin
Regulated (SEPA) payment infrastructure has good Reach but poor Conversion
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Merchant Payments Ecosystem, February 16-18, Berlin
Electronic Alternative Payments (eAP) services have good Conversion but poor Reach
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Merchant Payments Ecosystem, February 16-18, Berlin
Hence, payment infrastructure and services layer need to be linked through open APIs
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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
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Merchant Payments Ecosystem, February 16-18, Berlin
Ecommerce Europe urged ECB to put standardization on ERPB 2016 agenda
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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
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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
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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
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Merchant Payments Ecosystem, February 16-18, Berlin
Finally, PISPs will enable merchants with a more customer centric approach
Customer in Control