Supervised by national and European oversight authorities
Based on our role as critical infrastructure, equensWorldline is supervised by national and European oversight authorities.
In the Netherlands equensWorldline has a license as payment processing service provider. We are supervised by both the Dutch National Bank (DNB) and the Dutch Authority for the Financial Markets (AFM) in accordance with the Act on Financial Supervision (Wft).
In Belgium equensWorldline is supervised by the National Bank of Belgium (NBB) because we are an important processor of payment transactions. The supervision is done in accordance with the Act on Processors.
The equensWorldline CSM is also under oversight by the Eurosystem, which comprises the European Central Bank and the national central banks of the Member States whose currency is the euro. The supervision is performed by the Dutch National Bank on behalf of the Eurosystem.
European Central Bank Eurosystem
Dutch National Bank (DNB)
Dutch Authority for the Financial Markets (AFM)
National Bank of Belgium (NBB)
The Eurosystem promotes the safety and efficiency of payment, clearing and settlement systems under its oversight mandate. The equensWorldline CSM is under oversight by the Eurosystem.
DNB focuses on promoting the solidity of financial undertakings and contributing to the stability of the financial sector (prudential supervision). Link to DNB register Financial Supervision Act, article 2:3.0d(1) License to carry on the business of a payment processing service provider established in the Netherlands
AFM focuses on orderly and transparent financial market processes, proper relationships between market participants and care in dealing with clients (market conduct supervision).
The proper functioning of card payment processing in Belgium, given its role in the real economy, is a primary objective of the Bank’s oversight.