Enabling the Next Wave of Connectivity ™ 1 Pronto Networks MSP: Forex Support R3.0 – October 2004.

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Presentation transcript:

Enabling the Next Wave of Connectivity ™ 1 Pronto Networks MSP: Forex Support R3.0 – October 2004

Enabling the Next Wave of Connectivity ™ 2 Forex Support  Payment Gateways –Verisign : Pronto MSP has a separate account for each local currency  Registered for the following currencies –US Dollar –Canadian Dollar –Euro –Japanese Yen –Hong Kong Dollar –Singapore Dollar  Each additional currencies has a recurring operating expense (approx $2000 / yr.) –WorldPay, PayPal (future)  Credit Card Processor –Processes payment into Card Association (MasterCard, Visa, etc.)  Currency Conversion Service –E4X – performs currency conversions and appropriate amounts are debited/credited to various accounts

Enabling the Next Wave of Connectivity ™ 3 Payment Flow of purchase in USD Prices are displayed in US $ on splash page Prices are displayed in US $ on splash page VerisignGateway $ CC Processor $ CC Assoc. M/C, Visa, etc. $ Forex customer CCA debits shopper Shopper Shopper US $ customer $ $ € CCA credits CCP CC Processor CCP credits Pronto MSP Merchant account $ Shopper $

Enabling the Next Wave of Connectivity ™ 4 Payment Flow of purchase in Euro Prices are displayed in Euro (€) on splash page Prices are displayed in Euro (€) on splash page VerisignGateway CC Assoc. M/C, Visa, etc. CurrencyConversionServiceE4X CCA debits shopper Shopper € € CCA credits CCP CCS credits Pronto MSP Merchant account $ Shopper € € € € € CC Processor $