Atos - Registration Document 2016

B Atos positioning and strategy B.1 Market trends

Regulation

new outsourcing opportunities for payment service providers and Financial institutions and payment services providers face a range of regulatory changes that have the potential to create to drive increased demand for value added services to create new revenue opportunities At constant volumes, the reduction in interchange fees in Europe imposed by the Interchange Fee regulation on December 9, customers as new sources of revenue to replace the loss of the providers of value added services (such as fraud detection services or card-linked offers) that banks can provide to their reexamine their business models and look for ways to lower their costs. At the same time, it may create opportunities for 2015 reduces mechanically the revenue of card issuing banks. This may create new opportunities for outsourcing, as banks interchange fee. At the same time, by reducing the cost of

expected to help drive additional non-cash transaction volume. is expected to encourage more merchants to accept card-based payments and to do so for lower transaction amounts. This is accepting non-cash payments, the reduction in interchange fee changing. The revised Payment Services Directive (PSD2) entered into force on January 13, 2016 enlarges the scope of the The regulations applicable to payment services are constantly in the PSD and extending its applicability to “third-party payment service providers”, who provide remote access to existing PSD regulation by limiting the exemptions provided for payment account services or payment initiation services through online platforms, in relation to payment accounts held by other services for accessing account payment balances. payment service providers. PSD2 will result in the creation of new regulations applicable to payment initiation services and

B

New entrants

and threaten to displace the incumbents. New “Fintechs”, mobile operators and GAFAs (Google, Apple, Facebook, Amazon etc.) are now part of the payment ecosystem payment and with plenty of money to invest, the pace of changed the way consumers view customer service and shopping, they have now well and truly entered the world of The GAFA (Google, Apple, Facebook and Amazon) have not only

cannot be ignored. innovation threatens to leave incumbents trailing. Apple Pay, Android Pay, Facebook’s P2P payment service via messenger etc. New Fintechs, unencumbered by legacy technologies are also changing the way consumers interact with financial service providers such as a new wave of digital only banks.

Atos | Registration Document 2016

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