Georges Pauget President of the Monnet Project Association June 15th , 2011

24 different from 7 European countries participated in the project to define a pan-European third card scheme

France Spain . Société Générale = Participating countries . BBVA = No commitment . Santander . La Banque Postale Finland Norway . Crédit Agricole . Banco Popular Sweden . . Crédit Mutuel - CIC Estland . . BPCE Lettland Denmark . . BNP Paribas Ireland Litauen . Banco Cooperativo UK Netherlands

Portugal Belgium Germany Poland Italy Lux. . SIBS on behalf of Czech Republic . Portuguese banks Slovakia France . ICBPI (representative Switzer- of Italian Popular land Austria Hungary Slove- Banks) UK Portugal nia . BNL (BNPP) . (RBS) WorldPay Spain Italy . Germany Belgium . DZ . . BNPP Fortis .

More than 100 bankers were involved in the feasibility analysis

To be treated confidentially 2 Monnet card corresponds to the requests of European cardholders

Real opportunity for cardholders: . Current account balance at ATM . P2P payments Value-added . Saving options services . Loyalty programme . …

• Contact-less payments • Mobile payments Monnet Strong authentication • All other channels debit differentiation methods for more security: + credit on one card . Two factor authentication . Blocking the card on the Internet All-in-one . Limiting payment amount Security concept . SMS alerts

E-commerce solution Market basics / « must-haves » Truly pan-European scheme for the new Core services (as today) scheme

To be treated confidentially 3 Monnet considers that the differentiated MIF approach is most appropriate for the future

Differentiated MIF approach

. Identified payment situations: - Pure cash substitution - Remote transactions - Deferred debit and credit transactions - Offline low-value payments - Pre-authorization - Large-value payments - Recurrent payments - Unattended payments

One payment situation = One specific level of MIF

To be treated confidentially 4