Georges Pauget President of the Monnet Project Association June 15 th, 2011.
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Georges Pauget President of the Monnet Project Association June 15 th , 2011
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Transcript of Georges Pauget President of the Monnet Project Association June 15 th, 2011.
Georges PaugetPresident of the Monnet Project Association
June 15th , 2011
To be treated confidentially 2
24 different banks from 7 European countries participated in the project to define a pan-European third card scheme
Unicredit
ICBPI (representative of Italian Popular Banks)
BNL (BNPP)
Intesa Sanpaolo
Italy
BNPP Fortis
Belgium
Société Générale
La Banque Postale
Crédit Agricole
Crédit Mutuel - CIC
BPCE
BNP Paribas
France
DZ BANK
Deutsche Bank
Deutsche Postbank
Germany
(RBS) WorldPay
UK
SIBS on behalf of Portuguese banks
Portugal
BBVA
Santander
Banco Popular
Caja Madrid
Banco Sabadell
La Caixa
Banco Cooperativo
Spain= Participating countries
= No commitment
Sweden
NorwayFinland
Ireland
UK Netherlands
Belgium
France
Portugal
Italy
Austria
Germany Poland
Czech Republic
Slovakia
Slove-nia
Hungary
Denmark
Lux.
Spain
Estland
Lettland
Litauen
Switzer-land
More than 100 bankers were involved in the feasibility analysis
To be treated confidentially 3
Monnet card corresponds to the requests of European cardholders
SecurityAll-in-one concept
Value-added services
Monnet differentiation
E-commerce solution
Truly pan-European scheme
Core services (as today)
Market basics / « must-haves »
for the new scheme
• Contact-less payments • Mobile payments• All other channels debit +
credit on one card
Real opportunity for cardholders:
Current account balance at ATM P2P payments Saving options Loyalty programme …
Strong authentication methods for more security:
Two factor authentication Blocking the card on the Internet Limiting payment amount SMS alerts
To be treated confidentially 4
Monnet considers that the differentiated MIF approach is most appropriate for the future
Differentiated MIF approachDifferentiated MIF approach
Identified payment situations:
- Pure cash substitution
- Remote transactions
- Deferred debit and credit transactions
- Offline low-value payments
- Pre-authorization
- Large-value payments
- Recurrent payments
- Unattended payments
Identified payment situations:
- Pure cash substitution
- Remote transactions
- Deferred debit and credit transactions
- Offline low-value payments
- Pre-authorization
- Large-value payments
- Recurrent payments
- Unattended payments
One payment situation = One specific level of MIFOne payment situation = One specific level of MIF
