Sofortüberweisung: An Introduction May 2015

SOFORT Überweisung Key Features Main Advantages SOFORT Überweisung represents an innovation in the eCommerce area, allowing retail customers to execute online payments and to have a direct confirmation for the wholesaler that payment has been executed It is an online electronic authorization service which does not require a previous registration with the merchant and which uses the buyers internet banking access Key Features Main Advantages Multiple participants to Sofortüberweisung Use of existing eBanking access Can be used for EUR payments Participants do not need to subscribe additional bilateral agreements nor need separate accounts Irrevocable direct payment initiation no risk of rejection of direct debit Real-time authorization Easy to use: every transaction detail is automatically reported in the eBanking interface No manual error in IBAN input: all the debtor information is inserted directly by the Easy integration into webshop (>100 webshop systems) more then 18m customers

MyBank – PanEuropean eCommerce Solution MyBank represents an innovation in the eCommerce area, allowing final users to execute online payments and to perform digital identification with high level of security by using their online retail eBanking system or through an App in their smartphones or tablets It is an online electronic authorization service which does not require a previous registration with the merchant as well as no sharing of sensitive data with third parties Key Features Main Advantages Multiple participants to the MyBank initiative sharing common rules and using common standards in the whole SEPA area (SCT, SDD) Use of existing eBanking systems (preserving the final customer experience) Can be used for EUR payments Availability through different channels (PC, tablet/smartphones using QR and NFC technologies) Participants do not need to subscribe additional bilateral agreements Certainty of collection carried out via irrevocable SCT booked on the merchant account in D+1 Higher amounts can be processed (no need to consider credit card limits) Real-time and comprehensive reporting on executed transactions Low transaction repudiation risk linked to the purchaser identity Easy to use: every transaction detail is automatically reported in the eBanking interface – only one confirmation is needed No manual error in IBAN input: all the debtor information is inserted directly by the bank

eBilling Services - CBILL CBILL is the new eBilling service developed in Italy by the CBI Consortium together with the major Financial Institutions It is a technical and business solution supporting the process of sending and collecting bills (including insurance policies premiums) issued by both corporates and public sector entities commonly known as large Billers CBILL allows debtor users – both retail and corporate clients – to pay their bills through a multichannel approach (i.e. via Internet Banking, ATM machines, mobile phones, etc.) as well as to check the relevant documents about the sum due to the Biller following the provision of a service Benefits for the BILLER: The Biller client will be promptly notified about each payment received Simplification of accounting reconciliation processes Wider range of the commercial offer to the user Benefits for the DEBTOR: Considerably increased number of payment options e.g. possibility of paying insurance premiums or utility bills via eBanking