Siirry ensisijaiseen navigaatioon, Skip to primary navigation, Hoppa till primärnavigering Siirry hakuun, Skip to search, Hoppa till sök Siirry päänavigaatioon, Skip to main navigation, Hoppa till huvudnavigering Siirry sisältöalueeseen, Skip to main content, Hoppa till huvudinnehåll Siirry alatunnistenavigaatioon, Skip to footer navigation, Hoppa till sidfältnavigering
  1. Suomeksi
  2. På svenska
  3. In English
Finnish Competition and Consumer Authority
  • Facts & Advice
     

    Marketing and advertising

    • Good marketing practices
    • Indicating prices
    • Sales and offers
    • Corrections of mistakes in advertising
    • Recognisability of advertising
    • Direct marketing may be refused
    • Claims and comparisons
    • More topics

    Defects, delays and reclamations

    • Defective goods
    • Defective services
    • Delays in delivery
    • Defective cars
    • Defects in housing transactions
    • Residential care housing
    • Telephone and internet connections
    • More topics

    Buying and selling

    • Guarantee
    • Customer services
    • Presents and gift vouchers
    • Contracts
    • Cancelling a purchase
    • Scams
    • Gym memberships
    • More topics

    Travel and instructions for agencies

    • Travel and transport
    • Air passengers´ rights
    • How to register a travel company
    • Instructions for registered travel companies
    • Register of package travel agencies
    • If a travel agency goes bankrupt
    • More topics

    Payment, bills and collection

    • Financial management
    • Receipt
    • Credit
    • Payment arrangements
    • Loss of a payment card
    • Delayed payment and collection
    • More topics

    Competition affairs

    • Competition restraints
    • Merger control
    • Competition neutrality
    • Do you suspect a competition restraint? Tip us off!
    • Be the first one to leave a cartel
    • More topics
    • Marketing and advertising
    • Buying, selling and making contracts
    • Payment, bills, debt collection
    • Defects and delays
    • Travelling and travel agencies
    • Competition Affairs
  • Decisions & publications
     

    Competition affairs

    Documents are only in Finnish.

    • FCCA's decisions in competition affairs
    • More topics

    Motions and statements

    Documents are only in Finnish.

    • FCCA's motions and statements
    • More topics

    Consumer affairs

    Documents are only in Finnish.

    • Consumer ombudsmans' decisions
    • More topics

    Guidelines for consumer protection

    • Guidelines for consumer protection
    • More topics

    Search

    Documents are only in Finnish.

    • Advanced search
    • More topics

    Publications

    • Guidelines on the application of the Competition Act
    • Joint Nordic Reports
    • More topics
    • Competition Affairs
    • Consumer affairs
    • Motions and statements
    • Publications
  • Current issues
    • Press releases
    • News
    • Newsletters
  • FCCA
    • Online consumer services
    • The Consumer Ombudsman
    • European Consumer Centre in Finland
    • Organisation
    • Responsibilities
    • Statistics
    • Planning and monitoring of operations
    • Contact information
    • Online services and privacy protection
  • Consumer Advice
    • File a complaint with the company
    • Duties of consumer advisors
  • Contact
    • Competition affairs
    • Consumer affairs
    • Administration
    • Management
    • Advocacy and research
    • Communications
    • Data protection
  • Frontpage
  • Current issues
  • Press releases
  • 2017
https://www.kkv.fi/en/current-issues/press-releases/2017/19.6.-fcca-decision-increases-competition-on-the-payment-market/
  • Frontpage
  • Current issues
  • Press releases
  • 2017

Current issues

  • Press releases
    • 2019
    • 2018
    • 2017
    • 2016
    • 2015
    • 2014
    • 2013
  • News
  • Newsletters

FCCA decision increases competition on the payment market

Listen
Facebook Twitter LinkedIn
19 June 2017

In relation to its new mobile payment system, Automatia Pankkiautomaatit Oy has given the Finnish Competition and Consumer Authority (FCCA) its commitments concerning the technical implementation and procedures of the system. The commitments eliminate any competitive problems regarding in the Automatia system. The commitments also improve the possibility of other companies to gain access to the mobile payment market, increasing the number of options available to consumers.

In March 2017, Automatia introduced a payment system that enables real-time wire transfers between customers of different banks. Automatia is owned by Danske Bank plc, Nordea Bank AB, Finnish Branch, and OP Cooperative. In September 2016, FCCA expressed its initial view according to which Automatia’s payment system may result in adverse competitive effects on the market of real-time payments.

Automatia’s system utilises a nationally customised technical standard in processing wire transfers. According to FCCA’s assessment, this would reduce the incentives of foreign payment service providers to join Automatia’s system and, consequently, the possibility of the customers joining the system to start using competing, Pan-European standards in the future. To avoid a potential problem with competition, Automatia is now also committed to offering interfaces that conform to the Pan-European standard.

Automatia is also committed to offering all parties to the system the possibility to participate in decision-making and its preparation, with respect to the common policies and technical requirements. This ensures that Automatia and its shareholder banks or system vendor will not gain a production advantage over other companies operating on the market.

In addition, Automatia undertakes to remove the requirement in the system’s rules that the identity of the user of the payment service is verified with so-called strong authentication, e.g., online banking credentials. According to FCCA’s initial assessment, the requirement on strong authentication would have prevented the possibility of offering consumers the use of weak authentication in connection with low-risk payments. This weak authentication would have been a user name and password the users would have created themselves.

In its initial assessment, FCCA also noted the terms of joining Automatia’s system, as they may influence the access to market of service providers that compete with the shareholder banks. Automatia is committed to offering its services to all operators in the field unless refusal can be proven necessary after objective assessment. Automatia also commits to keeping the payments related to the system reasonable, cost-based and non-discriminating.

Further information:  Research Officer Milla Määttä, tel. +358 29 505 3714, Director Kirsi Leivo, tel. +358 29 505 3351, email first.last@kkv.fi.


Updated 21.6.2017 Print
Facebook Twitter LinkedIn
Updated 21.6.2017 Print
Facebook Twitter LinkedIn
  • © FCCA
  • Contacts
  • Feedback
  • Data protection
  • About cookies
  • © FCCA