We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published byDerick Ellwood
Modified over 2 years ago
TOWARD FAIRER AND COMPETITIVE PAYMENT SOLUTIONS IN THE EU
© 2013 EUROCOMMERCE | 2 SEPA THREAT OF HIGH FEES ACROSS EUROPE FEE TODAY FEE TODAY TOMORROW? FEE TODAY FEE TODAY FEE TODAY TOMORROW?
© 2013 EUROCOMMERCE | 3 CURRENT MIF SYSTEM ADDS COSTS Consumer bank (issuer) Retailer bank (acquirer) Card Scheme Exclusive Clearing & Settlement MIF covers: marketing costsfree gifts; fraud costs, insurances and payment guarantee No access to consumer account information MIF inflates the price of products (may be additional surcharge) Retailer receives only part of the product price. Merchant Service Charge (MSC) = MIF plus Processing Fees MSC Retail Price minus MSC Consumer account Retailer account
© 2013 EUROCOMMERCE | 4 BASIC PAYMENT PROPOSAL Consumer bank* (issuer) Retailer bank* (acquirer) Processing, clearing & settlement: Unbundled fees Choice of PSP, payment type and clearing & settlement Consumer account Retailer account INCREASED CHOICE RETAIL COSTS OF PAYMENT ARE FAIR AND TRANSPARENT no more restrictive contractual rules access to clearing and settlement direct access to funds availability *or any other payment service provider (PSP)
© 2013 EUROCOMMERCE | 5 WHO SHOULD PAY FOR WHAT: Fraud prevention Paying for fraud when it happens Chargebacks (the money the consumer gets back when theyre the victim of fraudulent transactions) ISSUING BANK /PSP Consumer can also choose to pay for extra services eg: Credit facility Extra insurances Air-miles and preferential services (Payment provider or retailer may also offer to cover these costs) CONSUMER RETAILER Costs of authorisation Clearing and settlement processing costs Retailer may offer to cover some consumer costs
© 2013 EUROCOMMERCE | 6 BASIC PAYMENT BRINGS BENEFIT TO ALL Low-cost basic debit service across EU Freeing up of revenues results in lower costs and prices Available for face-to-face, internet and mobile technologies Full transparency on costs of different payment methods Low-cost basic debit service which operates across EU Removal of excessive costs for payment acceptance Freeing up of revenues results in lower costs and prices Freedom to choose payment provider A lower-cost, efficient EU payments system Open market allows competition and innovation Growth of cross-border e-commerce market Maximise potential of new technologies SOCIETY AND EU ECONOMY RETAILER CONSUMER Basic payment opens access to pan-European market Expanded market for electronic payments A viable alternative to cash Ability to choose which extra services attached to payment No loss of security in payment system Ease of cross-border and e-commerce purchasing Card payments more available in small retail outlets Small retailer can access low-cost electronic payment method Access to cross-border e-commerce Enable retailer to benefit from new technologies BANKS AND CARD COMPANIES Facilitate shift from cash to electronic payment methods No loss of security in payment system Create incentives to combat fraud at source Transparency and trust in banking payment services Increased volume of transactions
© 2013 EUROCOMMERCE | 7 WHAT REGULATORS SHOULD DO : Remove MIF barriers: Current debit MIF system should be removed Fees for credit should be cost-based Unbundle fees: costs for extra services are transparent, paid by beneficiary of service Remove MIF barrier Bring more third party PSPs under regulation Allow PSPs access to verify availability of funds on consumer accounts Ensure EU-wide, real-time processing and clearing & settlement Separate authorisation services from clearing & settlement to allow competition and retailer choice (card or other SEPA instrument) Separate processing services from card schemes Allow access to clearing & settlement for licensed PSPs Open payments market to new players Remove honour-all-card rule restrictions Enable retailer to electronically identify cost of card acceptance at POS Allow account information access Remove national/cross-border price differentials & allow pan-European (x-border) acquiring Enable consumer/merchant choice of payment application at terminal Allow consumers to authorise payments through PSPs across EU Remove restrictive contractual rules
The economics of card payments Alberto Heimler Professor of economics SSPA Roma The Role and Regulation of Interchange Fees in European Payment Cards Bruxelles,
Mexico´s financial reform objectives and current regulations in payment services February 11 th, 2015.
Interchange fees and the quality of service obtained by consumers and merchants Marianne Verdier, EconomiX University Paris Ouest Nanterre 1.
Business Administration term project 2 (25%) financial Management Systems Debit card and credit card payments By Ashleigh Gray.
Electronic Commerce Semester 1 Term 1 Lecture 22.
PayPal and Other Third Party Payment Options Presented by Meg Monsen, Eric Zeng, and Michael Leonard.
MyBank The simple, safe way to sell on the internet Presentation for web-merchants June 2011.
Comparing Merchant Credit Card Accounts Having a merchant charge account is essential to running a modern business as more consumers eschew cash for debit.
The European legal framework of payments Ayse Zoodsma-Sungur Sixth Macedonian Financial Sector Conference on Payments and Securities Settlement Systems.
Chapter 11 Electronic Commerce Payment Systems. Learning Objectives 1.Understand the shifts that are occurring with regard to online payments. 2.Discuss.
Trends in Banking. Product Innovation Investment products Gold / silver coins Marketing of insurance product Credit cards and debit cards Innovative services.
© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 17 SLIDE Banks and Other Financial Institutions 17-2.
Payments in E-Commerce Presentation to Conference on Entrepreneurship and E-Commerce Oklahoma City, OK by Richard J. Sullivan Payments System Research.
Based on Electronic commerce by Turban -(Chapter 11)
De Nederlandsche Bank Eurosysteem Efficiency and innovations in retail payment systems Thijs Kettenis Third Macedonian Conference on Payment and Securities.
MOBILE PAYMENTS (“M-PAYMENTS”) August 2007 Potential impact on South African banking industry Team Galahad Lionel Diakanyo Joshua Makgate Sean Rule.
LECTURE 7 REF: CHAPTER 11 ELECTRONIC COMMERCE PAYMENT SYSTEMS PREPARED BY : L. Nouf Almujally Copyright © 2010 Pearson Education, Inc. 1.
Traditional and Electronic Payment Methods Chapter 3.
Electronic Commerce Payment Systems. Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 1.Understand the shifts that are occurring with.
A Single European Market for all ELENA GRECH. The Single Market: a success story : approx billion Euros in value added 2.75 million extra.
The EU Work on Payments W3C – Workshop on Web Payments Paris, 24–25 March 2014 Alexander Gee DG Competition European Commission The views expressed are.
A Brief Introduction Radiant Pay, a global provider of payment processing services to all kinds of business, Radiant Pay Services.
Our Portfolio Reflects Our Expanding Possibilities Our Portfolio Reflects Our Expanding Possibilities August 29, 2015.
Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 CHAPTER Banks and Other Financial Institutions Financial Services.
The Role and Regulation of Interchange Fees in European Payments Cards The Role and Regulation of Interchange Fees in European Payments Cards Wilko Bolt.
Presentation Topic CYBERGOLD ( MYPOINTS) Presented To: Sir Adnan Rafiq.
2014 Asia-Pacific Financial Forum Seattle, Washington July 7, 2014 Electronic Payments: Expanding Financial Access for Consumers and Businesses of Every.
A business makes payments for what it buys, In return it receives payments for goods it sells or services it provides.
The Impact of technology on the delivery of financial services Advancement in technology have had a profound effect on the delivery of financial services.
INNOVATIONS IN MODERN BANKING Chapter 10: Section 3.
Single Euro Payments Area SEPA Ann Börestam Payment Systems and Market Infrastructure European Central Bank DRF Conference, Basel, 25 April 2006.
- 1 - Gateway to Managed Payment Services Extending your Sales Channels Accept secure on-line internet payments Vision and Strategy YESpay E-Commerce.
Payment gateway is the service to process credit card transactions for the online customers, these gateway transactions are offered by different banks.
1.Understand the shifts that are occurring with regard to online payments. 2.Discuss the players and processes involved in using credit cards online.
Personal Finance Spring Allows the user to buy goods based on the promise that they will later pay for the goods Issuers give users access to.
Travillon Consultants. Who are Travillon? Travillon are a Recruitment Consultancy working closely with Industry leaders and innovators within the Payments.
Introduction to Business © Thomson South-Western ChapterChapter Banking and Financial Services Banks and Other Financial Institutions Financial.
8/29/ DEBIT CARD, CREDIT CARD & SMART CARD.
De Nederlandsche Bank Eurosysteem Card Payments and Internet Banking Thijs Kettenis 2nd Conference of the Macedonian Financial Sector on Payments and Securities.
MyBank The simple, safe way to be part of E-SEPA Presentation for banks June 2011.
In your notebook: › Draw › List › Write › Everything you know about credit and credit cards. › When the time sounds, share your list with your partner.
Marketing Essentials Chapter 16 Section 1. Most retail sales will use cash, debit, or credit sales for consumer goods. Sometimes retail sales offer.
What does Chip offer Banks today?. CARD TYPES CREDIT DEBIT CHARGE PRIVATE LABEL PRE-PAYMENT MULTI FUNCTION.
Credit card and Debit card Working and Management.
Company Profile. MerchantPro Express (MPX) MerchantPro Express (MPX) is a credit card payments processing company, powered by industry leader First.
Prepaid Cards General Overview PDNB Electronic Banking Solutions.
Visa Confidential 2006 NASACT Annual Conference Emerging Trends in Electronic Payments August 21, 2006 Martin Johnson Visa USA.
EPS (Electronic payment system) is an online business process used for fund transfer using electronic means, i.e Personal computers services Mobile.
E-commerce payment system facilitates the acceptance of electronically made payment methods for online transactions. Also known as Electronic Data Interchange.
© 2017 SlidePlayer.com Inc. All rights reserved.