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

To be treated confidentially 2 24 different banks from 7 European countries participated in the project to define a pan-European third card scheme  Unicredit  ICBPI (representative of Italian Popular Banks)  BNL (BNPP)  Intesa Sanpaolo Italy  BNPP Fortis Belgium  Société Générale  La Banque Postale  Crédit Agricole  Crédit Mutuel - CIC  BPCE  BNP Paribas France  DZ BANK  Deutsche Bank  Deutsche Postbank Germany  (RBS) WorldPay UK  SIBS on behalf of Portuguese banks Portugal  BBVA  Santander  Banco Popular  Caja Madrid  Banco Sabadell  La Caixa  Banco Cooperativo Spain = Participating countries = No commitment Sweden Norway Finland Ireland UK Netherlands Belgium France Portugal Italy Austria Germany Poland Czech Republic Slovakia Slove- nia Hungary Denmark Lux. Spain Estland Lettland Litauen Switzer- land More than 100 bankers were involved in the feasibility analysis

To be treated confidentially 3 Monnet card corresponds to the requests of European cardholders Security All-in-one concept Value-added services Monnet differentiation E-commerce solution Truly pan-European scheme Core services (as today) Market basics / « must-haves » for the new scheme Contact-less payments Mobile payments All other channels debit + credit on one card Real opportunity for cardholders:  Current account balance at ATM  P2P payments  Saving options  Loyalty programme  … Strong authentication methods for more security:  Two factor authentication  Blocking the card on the Internet  Limiting payment amount  SMS alerts

To be treated confidentially 4 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  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