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