1 / 12

Direct Debits in Europe The merchants perspective DRF Europe April 25-26, 2006 - Basel

Direct Debits in Europe The merchants perspective DRF Europe April 25-26, 2006 - Basel. Ronald Wallroth GlobalCollect. Sven krahn Lycos. Agenda. Non face-to-face payments facts and figures Merchants challenges and expectations Direct Debit key benefits Lycos Europe business case

maya-petty
Download Presentation

Direct Debits in Europe The merchants perspective DRF Europe April 25-26, 2006 - Basel

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Direct Debits in Europe The merchants perspectiveDRF EuropeApril 25-26, 2006 - Basel Ronald Wallroth GlobalCollect Sven krahn Lycos

  2. Agenda • Non face-to-face payments facts and figures • Merchants challenges and expectations • Direct Debit key benefits • Lycos Europe business case • Questions and discussion

  3. GlobalCollect, International Payment Services • Over 12 years of successful track record of payment collection and reconciliation worldwide • One single technical and administrative interface enabling online merchants to accept: • Credit and debit cards • Real-time and offline bank transfers • Direct debits • Invoices and e-invoices • Cheques • GlobalCollect is privately owned and independent from its banking partners • 60 million transactions in 2005 and over 40% growth expected in 2006

  4. Companies with successful strategies

  5. Payment behaviors per country Source: Bank for International Settlements - March 2005

  6. Only 64% of Europeanonline shoppers own a credit card Source: Forrester 2004

  7. INSTRUCTIONS & LANGUAGES PAYMENT METHODS SECURITY CURRENCIES DATA PROTECTION SPEED Online payment collection challenges

  8. Global E-payment landscape • Important regional cultural differences in payment behaviors • Difficult break through of new payment methods • Slow harmonization of payment processes through bank collaboration and international legislation • Currency convertibility issues • International transfer of funds barriers

  9. The choice of payment methods is large • Local bank transfers: 192 countries • Real-time banking: 10 countries • Credit & debit cards: 158 currencies • Direct Debits: 20 countries • Checks: 50 currencies

  10. Direct Debits General • Pull mechanism • Fast processing (same day) • Mandate direct debits used for recurring payments • Non-pre-authorized direct debits used for online payments. GlobalCollect specific • Country specific Non-pre-authorized direct debits: • Germany • Spain • The Netherlands • Austria • Direct Debit supported for 9 countries • Reporting of 99,9% of bank reversal in 3 business days. • Detailed reporting of reversal by banks and reversal by customers

  11. Payment methods comparative analysis

  12. Thank you for your attention ! Ronald Wallroth Business Development Manager GlobalCollect Tel.: +31 6 538 616 20 Fax: +31 23 554 86 66 Email: ronald.wallroth@globalcollect.com Sven Krahn European Director Billing & Customer Services Lycos Europe GmbH Tel.: +49 5241 807 1361 Fax: +49 5241 80 67 1361 Email: sven.krahn@lycos-europe.com

More Related