1. Sofortüberweisung: An Introduction
May 2015

2. 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

3. 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

4. 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