Impact of financial crisis onto payments market

1. Airline Distribution 2009 conference Payment and credit risk management 2 April 2009

3. How bad is the crisis? $6 trillion in private sector debt must be eliminated (Merrill Lynch)

7. UK: introduction of prepaid card programs In addition to these impacts, will the financial crisis support the emergence of new payment products (e.g., prepaid)?

8. And will debit cards carry on growing faster than credit cards? +8.9% Credit card (other countries) -11.4% Credit card USA Q4 2008 MasterCard volume ($) +18.2% Debit card (other countries) +5.8% Debit card USA

9. Based on a “global payment trends” survey among 320 payments professionals in the US, EU and AP: regulators will be the single greatest influence on the direction of the payments industry Thinking into the future (the next 5 years), in your opinion, what will be the single most influential participant that is likely to have the greatest impact on your market? Source: EDC’s 2008 global payment trends survey Regulators 40% Schemes / associations 12% Financial institutions 10% Merchants 5% Others 29% Service providers 4%

11. And not only in Europe