PagoBANCOMAT® is the national debit circuit with which a current account holder can make purchases of goods and services at participating merchants displaying the PagoBANCOMAT® brand. Each transaction is charged instantly, at no additional cost for the purchase made, to the purchaser’s bank account.

The BANCOMAT Consortium has decided to expand the functions of Italy’s most common debit card by enabling it to operate on the Internet as well. Thus was born the new service “PagoBANCOMAT® WEB,” which allows customers, holders of debit cards active on the domestic Bancomat® and PagoBANCOMAT® circuits, to make payments on affiliated ecommerce sites, in a highly secure mode, on a par with payments made by credit cards or debit cards active on international circuits.
Considering the large number of end customers who own a debit card active on domestic circuits, it is easy to foresee, in the near future, a strong diffusion of this service.

Basic requirement is that the bank adheres to the service thus enabling customers and merchants to also use and accept this instrument for online transactions..

Once enabled for the service by their bank, the cardholder will be able to use their PagoBANCOMAT® card to make purchases on participating e-commerce sites. At the time of payment, it will be sufficient to choose “PagoBANCOMAT® web” from the payment tools made available by the site. You will then be redirected to a list of banks participating in the service. At this point, all you need to do is select your bank in the list to be transferred directly to the home banking site, where you will type in your credentials to complete the payment. For the PagoBANCOMAT® cardholder, this means completing the transaction without having to enter any sensitive information into the e-commerce site: neither PIN, nor security codes, nor even the card number. The cardholder’s data, therefore, cannot in any way be intercepted or used for fraudulent purposes.

As part of this initiative, CWBI provides its banking expertise through the implementation of application solutions aimed at simplifying Issuer and Acquirer technology compliance activities.

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