spyke sales deck
TRANSCRIPT
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Spyke NetworkShort Overview
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CONFIDENTIAL Chexar Networks, Inc. All Rights Reserved. Copyright 2013
Chexar Networks, Inc. (Chexar, Company) provides its clients with solutions for truly
serving the nations under-banked population now estimated to be almost 100 million
people. The gating factor for these consumers is their need to change checks made
payable to them into Good Funds. The Companys risk management solutions are deployedacross multiple platforms including turnkey point of sale solutions, assisted and self-service
kiosk solutions, Mobile Deposit Capture solutions, and full XML integrations.
Chexar has the only solution in the market today capable of authorizing and guaranteeing
ANY CHECK, ANY SIZE, with ANY ID
*Partial Client ListUndisclosed Top 5 Bank
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CONFIDENTIAL Chexar Networks, Inc. All Rights Reserved. Copyright 2013
Visa and Chexar have designed a solution toenable the instant remote deposit capture of funds
onto prepaid cards from mobile phones. Thisstrategy is an innovative RDC solution enhanced
by Visa OCT and made available in themarketplace to issuers and consumers that benefit
from Good Funds.
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CONFIDENTIAL Chexar Networks, Inc. All Rights Reserved. Copyright 2013
The Good FundsNetworkTM
Bank Accounts
Checks
Cash
Cards
Bank Accounts
Cash
Cards
Mobile Payments
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CONFIDENTIAL Chexar Networks, Inc. All Rights Reserved. Copyright 2013
Visa and Chexar introduced Spyke in Q4 2012, a consumer direct Good Funds networkwhich enables instant non-recourse prepaid card deposits from smart phones.
This model relieves the Visa card issuer from the responsibility associated with converting allchecks to Good Funds (validation, approval, guarantee, clearing and settlement, regulatoryoversight, risk/fraud losses and float expense)
The participating prepaid issuer in the Visa/Chexar mobile RDC solution receives irreversibleaccount funding in the form of Original Credit Transactions (OCTs)
Many prominent Visa financial institutions and program managers have readily embraced theVISA/Chexar Mobile RDC network solution and launched several pilot projects in the 4thquarter 2012.
Production will expand with a select group of program managers through Q1 2013, when theprogram will be made available to the general market.
Turnkey capability of the network allows partner to start early consumer adoption anddeployment in conjunction with the ability to migration Spyke functionality to the partnersMobile platform on their timeline.
Highlights
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CONFIDENTIAL Chexar Networks, Inc. All Rights Reserved. Copyright 2013CONFIDENTIAL Chexar Networks, Inc. All Rights Reserved. Copyright 2012
How it works
All regulatory oversight is managed by the Network
VISANET
VISANET
1
3
2
4
5
Cardholder
Mobile AppSubmit
Check
Accept &
Confirm
Optional:
VerifyAccountBalance
Financial
Institution Sponsor
Deposit
Funds
SettleChecks
Federal Reserve
Card Issuer
Check Issuer
Steps 4 & 5 can
be concurrent
Step 3: Cardholdercommunication:a) confirm image wassuccessfully transmitted,b) confirm deposit amountdoes not exceed account limit,c) present fee options for
immediate versusdelayed funds availability,d) receive cardholder deposittimeframe selection/feeacceptance,e) confirm check approval,final deposit amount, date/timeof funds availability.
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7/14CONFIDENTIAL Chexar Networks, Inc. All Rights Reserved. Copyright 2013
Timeline
Phase I Beta Phase I Full Launch Phase II Release Media Campaign
Dec 12 - Mar 13 Apr - Jul Jun - Aug Jul - Aug
Phase I BetaRushCard, Plastyc, AccountNOW, FSV Payments50 - 200 K cardholders eachOperational validation and preliminary performancemetrics
Naming exercise and re-brandingFocus studiesRDC Functionality ONLY
Phase I Full LaunchContract and implementation of 20 programsMarketing program developmentIntroduction of additional feature functionality
Phase II ReleaseAccount to Card
Card to CardCash to Card (optional)Account to Account
Bill Pay (optional)MoneyTransfer (optional)
Visa Media Campaign Direct to ConsumerTV, Radio, Print, Digital
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8/14CONFIDENTIAL Chexar Networks, Inc. All Rights Reserved. Copyright 2013
Images are simulated for illustration purposes only.
Direct to Consumer Marketing Support
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9/14CONFIDENTIAL Chexar Networks, Inc. All Rights Reserved. Copyright 2013CONFIDENTIAL Chexar Networks, Inc. All Rights Reserved. Copyright 2012
Consumer direct Good Funds Network
Terms and conditions between Spyke and consumer
Simplified Consumer Pricing
Instant Funding: 1% Preprinted Payroll & Government - 4% All Other
Delayed Funding (5 Business Days): Free
No Minimum Fee
No Enrollment Fee
Consumer always gets a free delayed funding option for Good Funds
Program Manager, Issuing Bank shielded from regulatory, compliance and risk
Runs across existing payment networks
Funds are irreversible with no risk to PM or Issuer
No processor integration required
Generic consumer mobile app available for the consumer to download
SDK/API for insertion in client mobile app available
Low entry fee and no integration cost
Visa cards only through June 2013 - All cards Summer 2013
Easy and Safe
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7/29/2019 Spyke Sales Deck
10/14CONFIDENTIAL Chexar Networks, Inc. All Rights Reserved. Copyright 2013CONFIDENTIAL Chexar Networks, Inc. All Rights Reserved. Copyright 2012
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7/29/2019 Spyke Sales Deck
11/14CONFIDENTIAL Chexar Networks, Inc. All Rights Reserved. Copyright 2013CONFIDENTIAL Chexar Networks, Inc. All Rights Reserved. Copyright 2012
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7/29/2019 Spyke Sales Deck
12/14CONFIDENTIAL Chexar Networks, Inc. All Rights Reserved. Copyright 2013CONFIDENTIAL Chexar Networks, Inc. All Rights Reserved. Copyright 2012
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7/29/2019 Spyke Sales Deck
13/14CONFIDENTIAL Chexar Networks, Inc. All Rights Reserved. Copyright 2013CONFIDENTIAL Chexar Networks, Inc. All Rights Reserved. Copyright 2012
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7/29/2019 Spyke Sales Deck
14/14CONFIDENTIAL Chexar Networks, Inc. All Rights Reserved. Copyright 2013CONFIDENTIAL Chexar Networks, Inc. All Rights Reserved. Copyright 2012