eid for payments · eid for payments eid: the business case for the banking and finance community...
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eID for paymentseID: the business case for the banking and finance community
Vincent Jansen – London, 6 June 2015
2 Heisessie OV betalen 2.0 – Februari 2015. © Innopay BV. All rights reserved.2
• Innopay: innovation experts since 2002
• 21 consultants
• Three Practices: Payments, Digital Identity, e‐Business
• Services: Strategy, Co‐creation, Transformation
• Member of EBA, EPCA and ECP
Brief introduction …
Vincent Jansen Principal
4 eID for payments – EEMA London | Vincent Jansen – 5 June 2015. © Innopay BV. All rights reserved.
When can payments benefit from eID?
5 eID for payments – EEMA London | Vincent Jansen – 5 June 2015. © Innopay BV. All rights reserved.
Just two developments in payments…
6 eID for payments – EEMA London | Vincent Jansen – 5 June 2015. © Innopay BV. All rights reserved.
…where eID is a pre‐condition
7 eID for payments – EEMA London | Vincent Jansen – 5 June 2015. © Innopay BV. All rights reserved.
The Holy Grail: one‐click‐buy
Transaction context
AmazonIDP Merchant PSP
Quality of authenticationdetermines transaction limits,
session/token, payment options
8 eID for payments – EEMA London | Vincent Jansen – 5 June 2015. © Innopay BV. All rights reserved.
Opportunity or threat?: PSD2 XS2A
9 eID for payments – EEMA London | Vincent Jansen – 5 June 2015. © Innopay BV. All rights reserved.
XS2A likely to disrupt the payment value chain
Source: Innopay analysis
New XS2A model: entry of TPPs
Browser Webshop
Routing Service
Credito
raccoun
t
Scheme & Directory
Sche
me
Messaging (in scope) Regulated domain
Credito
raccoun
t
‘Standardized API’
Debtor
accoun
t
Debtor Creditor
‘TPP’Online pymt provider
Account servicing
PSP
Acquiring PSP
Traditional 4 corner model
Browser Webshop
Online Banking Routing Service
Debtor
accoun
t
Credito
raccoun
t
Scheme & Directory
Messaging (in scope)
Traditional scheme
Securemessaging
Account servicing
PSP
Acquiring PSP
CreditorDebtor
Sche
me
Online pymt provider
10 eID for payments – EEMA London | Vincent Jansen – 5 June 2015. © Innopay BV. All rights reserved.
XS2A likely to disrupt the payment value chain
Source: Innopay analysis
New XS2A model: entry of TPPs
Browser Webshop
Routing Service
Credito
raccoun
t
Scheme & Directory
Sche
me
Messaging (in scope) Regulated domain
Credito
raccoun
t
‘Standardized API’
Debtor
accoun
t
Debtor Creditor
‘TPP’Online pymt provider
Account servicing
PSP
Acquiring PSP
This is where the action is!Again a transaction context
Quality of authentication and the ability of the bank to verify
the ID and authorisation,determines transaction limits,
session/token, payment options
11 eID for payments – EEMA London | Vincent Jansen – 5 June 2015. © Innopay BV. All rights reserved.
So, when can payments benefit from eID?
When the eID is usable and high quality and offers reach
because then it allows for a ‘bigger’ transaction context to enable a richer user experience and
boost conversion
Thank youFor your attention
Vincent Jansen
+31 6 42 10 20 58
Vincent Jansen – London, 6 June 2015