Gateway to Managed Payment Services

YESpay International Limited

Group Corporate Presentation

Global Provider of Chip & PIN & E-Commerce

- 1 -Confidential – Retail Payment Services - 1 -- 1 -- 1 -

Global Provider of Chip & PIN & E-Commerce

Card Payment Service

Gateway to Managed Payment ServicesAgenda

• YESpay Corporate Highlights

• Customers – Merchant Business Drivers

• Solution – YESpay EMBOSS Payment Service

• Operations

- 2 -Confidential – Retail Payment Services - 2 -- 2 -- 2 -

Gateway to Managed Payment ServicesCorporate Structure

• Founders, Investors & Board:

– Dr. Chandra Patni – Founder, CEO, CTO and Chairman - UK

– Mr. Rohit Patni – Founder, EVP Sales & Marketing, Director - UK

– Dico A/S – Danish VC Investor, Non-Exec Director - Denmark

– Mr. Mikael Konnerup, CEO Dico A/S, Non-Exec Director - Denmark

– Mr. Remy Detonnac – CEO Inside Contactless, Non-Exec Director - France

- 3 -Confidential – Retail Payment Services - 3 -- 3 -- 3 -

– Mr. Remy Detonnac – CEO Inside Contactless, Non-Exec Director - France

• Group Companies:

– HQ: YESpay International Limited, Founded 2002- London UK

– Sales Subsidiary: YESpay International Limited, Founded 2008, Toronto Canada

– Back office: YESpay IT Services (India) Private Limited, Founded 2003, Indore India

– 70+ professional staff

Gateway to Managed Payment ServicesCorporate Highlights

• Business Focus:

– Managed Card Payment Services

• EMV payment services for Integrated EPOS, Kiosk, Hospitality and Internet

• Pre-accredited Internet IP-based EMV Payment Gateway Service

– RECURRING REVENUE Business Financial Model

– Highly secure outsourced payment services – PCI-DSS security certified

- 4 -Confidential – Retail Payment Services - 4 -- 4 -- 4 -

– Highly secure outsourced payment services – PCI-DSS security certified

• Marketing:

– Partnership and certification with Bank Card Acquirers – UK, Canada, USA, Scandinavia

• UK - Barclaycard, RBS, Lloyds Group, HSBC, Elavon, AMEX, Diners

• Ireland – Ulster Bank, AIB

• Denmark – PBS

• USA/Canada – Chase Paymentech, First Data, Elavon, Moneris

– Channel Marketing Partners – 350+ Solutions Companies

– Direct to - Tier 1, 2 and 3 retailers

Gateway to Managed Payment ServicesManaged Card Payment Services

EasyV-Kiosk

Card Acquirers

Mobile E-Top-Ups

EasyV-Retail

- 5 -Confidential – Retail Payment Services - 5 -- 5 -- 5 -

Gift cards

EasyV-Mobile

EasyV-MobilePOSBill payments

EasyV-Internet

Gateway to Managed Payment ServicesCustomers - References

- 6 -Confidential – Retail Payment Services - 6 -- 6 -- 6 -

dolcisdolcisdolcisdolcis

Gateway to Managed Payment ServicesCustomers - Merchant Business Drivers

• Minimal implementation, ongoing costs, complexity and timescales

– Outsourced EMV Chip & PIN payment service

– Accredited with Acquirer

– PCI DSS certified

• High-speed and high-availability on-line payment processing service

- 7 -Confidential – Retail Payment Services - 7 -- 7 -- 7 -

• High-speed and high-availability on-line payment processing service

• Flexibility - detailed MIS and transaction reporting

• Limited staff retraining

• Access for extended help desk services

Outsourced Payment Services?

Gateway to Managed Payment Services

Step

2

Customers - In house Vs Outsource Payments?

Map out the costs associated with both in

house and outsource payments model

Considered the PCI Compliance costs

pertaining to the different options

Considered the risks associated with both models

Step

1

Step

3

- 8 -Confidential – Retail Payment Services - 8 -- 8 -- 8 -

Considered the risks associated with both models

Considered the ‘time to compliance’ with both models

Planned and implemented remediation

Obtain certification

Step

4

3

Step

6

Step

5

Gateway to Managed Payment ServicesCustomers - Outsourcing Card Payments

Overall PCI compliance costs reduced by over 65%A

- 9 -Confidential – Retail Payment Services - 9 -- 9 -- 9 -

Operations costs significantly reduced too!A

Gateway to Managed Payment ServicesPCI Accredited Card Payment Services

• Managed Service

• Pre-Accredited

• PCI:DSS compliant

- 10 -Confidential – Retail Payment Services - 10 -- 10 -- 10 -

Powered by EMBOSS

from YESpay International Ltd

Gateway to Managed Payment ServicesMerchant EPOS with YESpay Card Services (Detail)

- 11 -Confidential – Retail Payment Services - 11 -- 11 -- 11 -

Gateway to Managed Payment ServicesFeatures

• Pre-Accredited for quicker implementation

• Fast Authorisation

• Real-time Logging: Transactions are logged centrally during online authorisation

• Batched overnight settlement without further store intervention.

• Data Centres already certified PCI:DSS compliant

- 12 -Confidential – Retail Payment Services - 12 -- 12 -- 12 -

• Data Centres already certified PCI:DSS compliant

• No X.25 lines or dedicated lines required – uses Internet

• Traffic can be straight onto Internet from the stores or headoffice

• All OLA traffic uses Secure Sockets

• Continuity: Dual Data Centres & Dual ISPs

• Resilience: Permitted local offline transactions if comms is down

Gateway to Managed Payment ServicesSupports

• Schemes

– Visa Credit, Debit, Electron

– MasterCard

– Maestro (Domestic and International), Solo and Laser

– Amex, JCB, Diners Club, DUET, PHH

• Transactions:

– Cardholder Present

- 13 -Confidential – Retail Payment Services - 13 -- 13 -- 13 -

– Cardholder Present• Optionally with Cashback

– Mail Order/Telephone Order• Card Security Code

• Address and Postcode Verification

– Contactless option (new for 2008)• Barclaycard Merchant Services Approval using

• Others devices and banks to follow

– Hospitality option – mobile payment terminal, gratuities. Internet Payments

Gateway to Managed Payment ServicesReporting Portal

• Transaction View

– Real-time transaction history

– Drill-down into detail

– Filter by Branch /Terminal / Dates

• Batch View

- 14 -Confidential – Retail Payment Services - 14 -- 14 -- 14 -

• Batch View

– Totals

– Drill-down into transactions

– Download as a CSV file

– Quick subtotals with Excel

Gateway to Managed Payment ServicesHigh Availability - Service Level Agreements

• Bureau service operation – 24 x 7, 99.9% availability

• Secure IP connectivity

• High throughput transaction authorisation (~2-4 seconds)

• Settlement file preparation and submission to multiple card acquirers

• Post-sales support

- 15 -Confidential – Retail Payment Services - 15 -- 15 -- 15 -

• Help desk with extended hours (Monday to Sunday 9am to Midnight)

• Retailer reporting via WWW web (option to consider back-office system integration)

Gateway to Managed Payment ServicesBenefits – YESpay Service Benefits

• Utilise fully accredited outsourced payment processing service

– Avoid full PCI Audits

– Avoid Acquirer certification

– Eliminates costs, security problems associated with running in-house systems

– No CAPEX - equivalent to the cost of a bank owned terminal

• Choice of PCI PED and EMV 1 and 2 approved PIN Pads

- 16 -Confidential – Retail Payment Services - 16 -- 16 -- 16 -

• Choice of PCI PED and EMV 1 and 2 approved PIN Pads

• Availability, reliability, speed and security of on-line authorisation and settlement

• Utilise in-store communications – ISDN, ADSL, GPRS, 3G

• Improved reporting and MIS

• Flexible Service Level Agreement

• Future roadmap – gift, loyalty, Internet and wireless payments

Gateway to Managed Payment ServicesBenefits – Retailer/Merchant Focus

EmpowersEmpowersRetailerRetailer

Productivity Productivity

Quick Quick Return on Return on InvestmentInvestment

(ROI)(ROI)

Scales with Scales with Business GrowthBusiness Growth

- 17 -Confidential – Retail Payment Services - 17 -- 17 -- 17 -

• Make Fast – informed

decisions

• Provides immediate visibility

• Focus on core competences

• Outsource payment needs

• Single Store – Single lane

to …

• Multi Store – Multi lane

• New payment services

such as Gift, Loyalty,

Internet

• Minimal costs for PCI &

EMV accreditation

• No Capex

• Monthly rental fees

• No need for in-house IT

services / support