WORLDLINE_REGISTRATION_DOCUMENT_2017

C

The Group’s business Regulation

North America

Europe & U.K.

North America

Europe & U.K.

KRIIs

APAC

KRIIs

APAC

• AML/ATF 4 th Directive • Bank Payment Obligation • BSA/AML Guidelines for Prepaid Products in the U.S. • CPSS IOSCO • EMV Adoption • Financial Transaction Tax • Internet Payment Security • Intraday Liquidity Norms and Reporting • Mobile Payments Security in Euro • Stored Value Facilities Ordinance in Hong Kong • Virtual Currency/Distributed Ledger Regulations • Access to Clearing • Data Privacy and Protection including Cyber Security • Electronic Identification and Trust Services

• Large-Value Payment Systems Upgrades • National e-Payments System in Thaïland • Regulatory Framework for FinTechs • SEPA/e-SEPA • SEPA for Cards • Interchange Fee Regulation • Regulations on Payment Platforms in China • Australia Payments Plan • Cross-Border Low-Value Payments Processing • Financial Inclusion • Global Payments Innovation Initiative by SWIFT • Mobile Wallet • Open API Banking Platforms • Payment Security and Technology • PSD II (Access to Accounts) • U.K. PSR (Payment System Regulator) • Unified Payment Interface (India)

• Immediate Payments • ISO 20022 Standards in Payments

Impact on Banks

KRIIs cited in previous WPRs

KRIIs introduced in WPR 2016

High

Moderate

Low Not Applicable

Note: Payment Security and Technology includes Contactless, Near Field Communication (NFC), Tokenization, Biometric Authentication, and Mobile Point of Sale (mPOS) Source: Capgemini Financial Services Analysis, 2016; WPR 2015, 2014, 2013, 2012 and 2011; SME Input

European Regulation

C.5.2

C.5.2.1

Regulation of payment services in Europe

Execution of funds transfers and debit payments, including (iV) standing orders, whether made through the payment account with the user’s own payment services providers or with another payment services provider or covered by a credit line; and Execution of payment transactions where the consent of (V) the payer to execute a payment transaction is given by means of any telecommunication, digital or IT device and the payment is made to the telecommunication, IT system or network operator, acting only as an intermediary between the payment service user and the supplier of the goods and services.

The provision of payment services is a regulated activity that requires a license when carried out in European Union member states that have implemented the PSD, which regulates payment services in domestic markets. Under this regulation, the following activities, in which the Group

participates, are considered to be payment services: Issuing and/or acquiring of payment instruments; (i)

Execution of payment transactions through a payment (ii) card, or a similar device, whether such transaction originates from a payment account or is covered by a credit line; Money remittance; (III)

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Worldline 2017 Registration Document