WORLDLINE_REGISTRATION_DOCUMENT_2017
B
Worldline positioning and strategy Industry andmarket overview
B.1
Industry andmarket overview
Payment is at the core of any commercial transaction and as we move increasingly towards a cashless society, volumes and types of electronic payments will continue to increase. Irrespective of the payment instrument and channel, the mechanism to conclude the payment is similar and complex.
Payment Services Ecosystem
B.1.1
Worldline’s industry can be viewed as an extended payment services ecosystem that covers three broad categories of services: The “core” range of electronic payment processing and services offered to traditional merchants and banks for non-cash 1. payments; An “extended” range of stand-alone and value-added services for traditional merchants and banks that goes beyond payment 2. processing and related functions to offer services to help them grow their businesses and respond to changing market conditions; and Services provided to emerging new digital businesses (e-Ticketing, e-Government (tax collection), Connected Living (connected 3. cars, connected appliances, etc.).
B.1.1.1
Core Electronic Payment Services Ecosystem
Electronic payment systems (card and non-card based) are made up of complex infrastructures involving multiple parties and comprising rules, processes and technologies. The following chart shows the participants of a typical card transaction.
Card-based payments
TODAY’S TYPICAL INDUSTRYPAYMENTFOUR-PARTYCARDCHAIN
Network Visa, Mastercard, ….
Cards incentive
Scheme fee
Scheme fee
3 rd party processor e.g. Worldline
3 rd party processor e.g. Worldline
Card issuer
Card acquirer / Merchant Service e.g. Worldline
Interchange fee Variable depending on country and payment mean
Cardholder incentive
Cardholder fee
Merchant Service Charge
Cardholder
Merchant
Surcharge for use of a specific payment card
(Source: Worldline)
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Worldline 2017 Registration Document
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