vNett – A Virtual Card Platform Presented to the Big League User’s Group 21 September 2011 Darryl Jang SVP, Americas +1 (415) 999-7083 darryl.jang@enett.com
Agenda Introductions vNett – A Virtual Card Platform vNett – What It Can Do
Key Facts Launched 2011 Revenue 2011 TTV Clients & Users Employees Ownership 2005 ~USD23 Million ~USD40 Billion >8,200 59 Joint venture between Travelport & PSP International
Global Organization Business Development & Delivery London, UK San Francisco, USA Business Development, Rome, Italy Data Centre Atlanta, USA Business Development & Delivery Brisbane, Australia Development Centre, Melbourne, Australia Corporate, Melbourne, Australia
Virtual MasterCard Credit Card A powerful payment solution that enables single-use and multi-use MasterCard virtual account numbers to facilitate payments to suppliers Used for Supplier Payments Air, Car, Hotel Destination Providers, Tours, Attractions And more… Virtual MasterCard Credit Card Used for Vendor Payments Online Marketing (e.g. Google & Facebook Ads) Phone and Telecommunications And more…
The Benefits Streamlines Invoicing & Payment Mitigates Risk Offers A Revenue Stream
How vNett Works 6 Rebate Paid Monthly Travel Agent Requests Virtual Credit Card 1 vNett Virtual Ledger Funds are pre-paid into vNett Virtual Ledger to cover virtual card issuing. Agent / Consolidator / TMC Virtual Credit Card Generated 2 3 Supplier Paid with Virtual Card 5 Card Settlement 4 Card Is Processed By Supplier Supplier’s Merchant Bank Supplier
Credit Card Revenue Model Bus Tour Credit Card Issuer Agency $100 $100 $100 Acquiring Bank $97.50 $98 Interchange Fees $ 2.00 Acquirer Fees $ 0.50 Cost of Sale $ 2.50
Percentage Rebate on Interchange vNett Revenue Model vNett Issues $100 MasterCard Bus Tour Agency $100 $100 $100 Acquiring Bank $97.50 $98 $2 Credit Card Issuer Percentage Rebate on Interchange Revenue Stream
Key Features A Credit Card Payment Pay-As-You-Go Issuing & Activation Amendments & Cancellations Single-Use / Multi-Use PCI Compliance Reporting Capabilities Multi Currency AUD, EUR, GBP, USD Cross Border / Cross Currency
Introduce a new revenue stream Help realize operational efficiency vNett can’t be all things to all people, but we can be many things to many people vNett can Introduce a new revenue stream Help realize operational efficiency Provide risk mitigation Remove credit challenges Eliminate security requirements Remove costly central bill programs Manage future payables
Use vNett anywhere you can pay with a credit card vNett can’t be all things to all people, but we can be many things to many people vNett can apply towards Bulk purchases Cruise Hotel Groups Use vNett anywhere you can pay with a credit card
Darryl Jang SVP, Americas darryl.jang@enett.com +1 (415) 999-7083 Contact Information