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6
Business
Industry andmarket overview
34
Worldline
2016 Registration Document
Industry andmarket overview
6.2
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
6.2.1
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
1.
services offered to traditional merchants and banks for
non-cash payments;
an “extended” range of stand-alone and value-added
2.
services for traditional merchants and banks that goes
beyond payment processing and related functions to offer
services to help them grow their businesses and respond to
changing market conditions; and
Living [connected cars, connected appliances, etc.]).
services provided to emerging new digital businesses
3.
(e-Ticketing, e- Government [tax collection], Connected
Core Electronic Payment Services
6.2.1.1
Ecosystem
Electronic payment systems (card and non-card based) are
made up of complex infrastructures involving multiple parties
and comprising rules, processes and technologies.
Card-based payments
TODAY’S TYPICAL INDUSTRYPAYMENTFOUR-PARTYCARDCHAIN
Card
issuer
Cardholder
Surcharge for use of a specific
payment card
Merchant
Merchant
Service Charge
Card acquirer /
Merchant Service
e.g. Worldline
Scheme
fee
Network
Visa, Mastercard, ….
Cardholder
fee
Cards
incentive
Cardholder
incentive
Scheme fee
Interchange fee
Variable depending on country
and payment mean
3
rd
party processor
e.g. Worldline
3
rd
party processor
e.g. Worldline
(Source: Worldline)