Dame Damevski How inpay keep banks relevant in the e-commerce
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This document summarizes how Inpay helps keep banks relevant in e-commerce. It discusses how Inpay provides payment solutions that allow banks to recapture lost revenue from alternative payments, improve customer loyalty, and increase merchant payment offerings. Inpay's solutions called PayIn and PayOut enable real-time, secure payments across borders in multiple currencies without costs to banks. Inpay handles all technology, customer support, and ensures compliance with regulations to provide an additional layer of fraud prevention for banks.
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Dame Damevski How inpay keep banks relevant in the e-commerce
- 2. How Inpay keep banks relevant in the E-commerce XIX International Conference of Clearing Institutions in CEE, Sofia, Bulgaria 24 October 2014 2
- 3. +15% €1.2 trillion XIX International Conference of Clearing Institutions in CEE, Sofia, Bulgaria 24 October 2014 http://www.emarketer.com/
- 4. €19.3 billion +47.3% Source: E-commerce Europe, Position Paper e-Payments(2014)
- 5. How do you pay today? XIX International Conference of Clearing Institutions in CEE, Sofia, Bulgaria 24 October 2014 5
- 6. The security of local bank transfersThe speed of payment cardsThe integration of online banking XIX International Conference of Clearing Institutions in CEE, Sofia, Bulgaria 24 October 2014 6
- 7. PayIn –smart, safe, seamless 1 XIX International Conference of Clearing Institutions in CEE, Sofia, Bulgaria 24 October 2014 7
- 8. PayOut –managing multiples 1 £ ¥ $ € XIX International Conference of Clearing Institutions in CEE, Sofia, Bulgaria 24 October 2014 8
- 9. What’s in it for the Bank 1. Recapture lost revenues from ‘alternative’ payments2. Improve customer loyalty3. Open new revenue sources4. Increase merchant payment offerings5. Drive customers to your online banking services6. Inpay provides an extra layer of fraud prevention 7. Satisfy consumers’ needs for an easy and secure e-payment method and the protection of their identity and personal data8. Use a product leveraging the trusted ACH network XIX International Conference of Clearing Institutions in CEE, Sofia, Bulgaria 24 October 2014 9
- 10. oOur compliance and security measures meet or exceedall national and international requirements. oRegulated by the Danish Financial Supervisory Authority and passported to all EU member states oRegulated by the Swiss Financial Market Supervisory Authority (FINMA). oAll customers and transactions vetted through multiple, internationally recognised procedures, including Know Your Customer (KYC), Anti-Money Laundering (AML), Counter Terrorist Funding (CTF), Politically Exposed Persons Lists (PEPs). oMeets all EU legislation and safety precautions regarding Anti- Money Laundering and Terrorist Financing. XIX International Conference of Clearing Institutions in CEE, Sofia, Bulgaria 24 October 2014 10
- 11. Zero costs … … for improved customer proposition Inpay sell in to the merchantsInpay brings another layer of AML/CTF compliance check Inpay develops and manages its own technologyInpay handles all customer and technical support XIX International Conference of Clearing Institutions in CEE, Sofia, Bulgaria 24 October 2014 11
- 12. 2014: 48 countries Algeria Argentina Australia Austria Bahrain Belgium Bulgaria Brazil Chile China Colombia Czech Republic Denmark Egypt Estonia Panama Peru Poland Portugal Qatar Romania Saudi Arabia Slovakia Slovenia Sweden Syria Thailand Tunisia Turkey UAE Vietnam Libya Lithuania Mexico Morocco Netherlands Norway Finland Germany Hungary Iceland Iraq Ireland Italy Jordan Kuwait Latvia Lebanon 24 October 2014 12
- 13. •Building a global payment network since2007. •Accounts with financial institutions in48countries. •Enablestwo-way flow of funds in real time. •We can pay in or out in over60currencies. •Boost online banking reach with100% security. 13 XIX International Conference of Clearing Institutions in CEE, Sofia, Bulgaria 24 October 2014
- 14. Ms Britt Sondergaard Chief Operating Officer Telephone: +45 71 999 851 Email: brs@inpay.com Mr Soren Rose Manager, Strategic Banking Alliances Telephone: +45 25 947 610 Email: sor@inpay.com Skype: sorenrose2 Mr Dame Damevski Manager, Strategic Banking Alliances Telephone: +45 25 947 611 Email: dad@inpay.com Mr Henrik Rasmussen Manager, Strategic Banking Alliances Telephone: +45 25 948 674 Email: her@inpay.com Skype: her.inpay
- 15. Online Banking ePayment -OBeP The consumer is authenticated in real-time by the consumer bank’s online banking infrastructure. The availability of funds is validated in real-time by the consumer’s bank. The consumer’s bank provides guarantee of payment to the merchant. Payment is made as a credit transfer (push payment) from the consumer’s financial institution to the merchant, as opposed to a debit transfer (pull payment). Payment is made directly from the consumer’s account rather than through a third-party account.
- 16. How Inpay works XIX International Conference of Clearing Institutions in CEE, Sofia, Bulgaria 24 October 2014 16