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6
Business
Regulation
69
Worldline
2016 Registration Document
credit and payment institution
Regulations applicable to outsourced
6.9.2.2
activities
services can be outsourced, meaning that the institution
be a regulated entity, the running of its operational activities. In
entrusts to an external service provider, which may or may not
regulation 97-02 of February
21, 1997 relating to internal controls
France, such outsourcing activities are regulated by CRBF
provisions of this regulation, a credit institution’s external service
within credit institutions and investment firms. Under the
controls procedures in respect of services provided and must
provider must comply with the credit institution’s established
communicate any information that could have an impact on its
services. Like all activities exercised by credit institutions, these
Credit institutions can also be authorized to provide payment
ability to undertake the functions that have been outsourced to
statements on behalf of its credit institution clients and, as a
it. For example, the Group issues payment cards and bank
Prudential Supervisory Authority (Autorité de Contrôle
result, is, in France, subject to the supervision of the French
Prudentiel et de Résolution).
result, Atos Worldline NV/SA is, in Belgium, subject to both the
of payment services such as managing its data centers. As a
payment institutions, access to payment services providers’
Belgian law of December
21, 2009 regarding the status of
Banking, Finance and Insurance Commission’s PPB 2004/5
activities and access to payment systems and the Belgian
practices regarding subcontracting carried out by credit
circular of June
22, 2004 regarding sound management
institutions and investment firms.
Similarly, a licensed payment institution may outsource some of
procedures. In this regard Atos Worldline NV/SA entrusts to the
its activities provided it comply with its internal controls
Company certain operational functions related to the provision
Single Euro Payment Area
6.9.2.3
Regulations
beneficiaries of credit transfers must now be presented using an
example of this harmonization, the bank account information for
Code (BIC). The new regulations require a complete migration to
International Bank Account Number (IBAN) and a Bank Identifier
transfers and direct debits that do not conform to this system
the SEPA system as from February
1, 2014. However, credit
until February
1, 2016.
continued to be accepted by credit and payment institutions
In the context of the implementation of the Single Euro Payment
n°260/2012/CE of March
14, 2012 (the “SEPA Regulation”). This
Area (“SEPA”), the European Union adopted SEPA Regulation
transfers and direct debits in euros. In particular, this regulation,
regulation seeks to create a single domestic market for credit
harmonizes the format of credit transfers (SEPA Credit Transfer
which is directly applicable in European Union member states,
[“SCT”]) and debit transfers (SEPA Direct Debit (“SDD”)). As an
adapt its services offering, including the provision of payment
efforts to comply with these new requirements.
card statements, and has also assisted its customers in their
Banking services to credit institutions, the Group has had to
As a provider of e-payment solutions to merchants and Online
of payment infrastructures, so that processing credit transfers
The SEPA Regulation also seeks to enhance the interoperability
technical obstacles, by, in particular, opening payment schemes
and direct debits is not hindered by commercial regulations or
direct debits.
used by payment services providers to credit transfers and
required by the SEPA Regulation. In the past, in order to access
Bancontact/Mister Cash payment scheme in Belgium, as
that the Group and its merchant clients first enter into a
the Bancontact/Mister Cash payment scheme, it was necessary
able to accept a Bancontact/Mister Cash card if it was the Group
payment services contract. Accordingly, a merchant was only
the relevant payment transaction. Now, as required by the SEPA
that undertook the Commercial Acquiring activities in respect of
scenario, be accessible to other licensed commercial acquirers,
Regulation, the Bancontact/Mister Cash scheme would, in such a
For example, the Group participated in the transition of the
so long as they make the necessary technical and operational
respect of domestic Bancontact/Mister Cash debit cards.
investments to be able to undertake acquiring activities in
render its iDEAL e-payment platform compliant with the SEPA
Additionally, the Group has collaborated with Dutch banks to
Regulation.
Regulation applicable outside of the European Union
6.9.3
The Group is not subject to any particular regulation concerning
of India, where the Group conducts Commercial Acquiring and
its activities outside of the European Union, with the exception subject to local regulations.
Issuing Processing activities for limited amounts, which are