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PAYMENT INSTITUTIONS PRACTICAL PAYMENT …

1 PAYMENT INSTITUTIONS PRACTICAL GUIDEWith the participation of: PAYMENT INSTITUTIONS PRACTICAL GUIDEWith the participation of:2 The P le de comp titivit FINANCE INNOVATION aims to contribute to the development of innovation in the financial sector. It therefore explores the way and the means to bring out innovative projects such as to improve the financial ecosystem for the benefit of the real economy. In the PAYMENT area, a study group has been created in relation with other INSTITUTIONS (TES, PICOM) in order to shed light on the appropriate trends and to promote and accompany new innovations so as to allow France to participate successfully in the current competition. In this context, the agreement of PAYMENT INSTITUTIONS appears to be a key the first project, it therefore appears necessary to identify the best practices enabling the most efficient approach of the Autorit de contr le prudentiel (ACP) process of authorization concerning innovative projects accredited by the P le, in a good mutual understanding between the guide has been written with the participation of Pole

6 1 Context: Emergence of new entities Since 1st November 2009, payment services can be provided in the European Economic Area by new entities and are no longer exclusively covered by the monopoly of credit institutions.

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