66 / 354
6
Business
Regulation
66
Worldline
2016 Registration Document
Regulation
6.9
Global regulatory landscape
6.9.1
it makes it even more complex is the overlapping in the scopes.
consider the global regulatory landscape which is a quite
As payment is a global business the Worldline group has to
by year, impacting the stakeholders in different ways, some are
complex task as the number of new initiatives is increasing year
addressing dedicated regions only and some various, and what
Please note below an illustration of Key Regulatory and Industry
incl. Europe which is the main focus for Worldline (source WPR
Initiatives KRIIs and its relevance for the geographical regions
2016).
AML/ATF 4
th
Directive
KRIIs cited in previous WPRs
Intermediate point/milestone
End of initiative/regulation
Elapsed time
Risk Reduction
2015
2016
From
2017-2018
From
2019-2020
> 2020
Standardization
Competition and
Transparency
Innovation
KRIIs introduced in WPR 2016
Capgemini Financial Services Analysis, 2016; WPR 2015, 2014, 2013, 2012 and 2011; SME Input
Timelines have been provided for regulations where they are specified, no timelines are specified for Industry-trend KRIIs; CPSS-IOSCO - Committee on Payment
and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commissions (IOSCO); SEPA - Single Euro Payments
Area; Payment Security and Technology includes Contactless, Near Field Communication (NFC), Tokenization, Biometric Authentication, and Mobile Point
of Sale (mPOS)
Source:
Note:
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 Europe
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
Immediate Payments
ISO 20022 Standards in Payments
Large-Value Payment Systems Upgrades
National e-Payments System in Thaïland
Regulatory Framework for FinTechs
SEPA/e-SEPA
SEPA for Cards
Interchange Fee Regulation
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)
Regulations on Payment Platforms in China
I
I
I
I
I
I
I
I
E
E
E
E
E
E
E
E
E
E
E
E
E