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B
Atos positioning and strategy
B.1
Market trends
Atos
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Registration Document 2016
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B
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
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
At constant volumes, the reduction in interchange fees in Europe
imposed by the Interchange Fee regulation on December 9,
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
interchange fee. At the same time, by reducing the cost of
accepting non-cash payments, the reduction in interchange fee
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
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
services for accessing account payment balances.
payment service providers. PSD2 will result in the creation of
new regulations applicable to payment initiation services and
payment account services or payment initiation services through
online platforms, in relation to payment accounts held by other
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
cannot be ignored.
innovation threatens to leave incumbents trailing. Apple Pay,
Android Pay, Facebook’s P2P payment service via messenger etc.
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
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.