Seite 1 ePAYMENT - NEXT GENERATION NEXT GENERATION E-BANKING Independent direct payments Cooperating with leading Dutch Payment Service Providers Online Betaal Congres 5th of March 2009 Media Plaza Utrecht Mr. Andrea Anderheggen COO Payment Network AG

Seite 2 ePAYMENT - NEXT GENERATION  Payment Network AG is a privately hold German limited corporation founded in December  The company’s objective is to market the innovative payment system based on Online Banking systems in Europe and worldwide.  A major investor of the company is the family office Reimann-Dubbers,  Reimann Investors Advisory GmbH, the family office of the Reimann-Dubbers family has invested in Payment Network AG early  Under the Reckitt Benckiser corporation Reimann has created world renowed brands:  The Company  The company is managed by Mr. C. Klein (CEO), Mr. A Anderheggen (COO), Dr. J. Lütcke (CFO), R. Piater (CMO) and S. Krautkrämer (CTO)  We are generally bank independent although we work together with banks as marketing partner.  Today we employ 41 full time equivalents.  Since the official market launch of sofortüberweisung.de / DIRECTebanking.com in October 2006 over eCommerce companies have registered.  We have already performed several million transactions mainly in Germany, Switzerland and Austria and are live in the Netherlands since January  Our aim is to offer DIRECTebanking.com all over Europe within the next 12 to 18 months.  Key Facts

Seite 3 ePAYMENT - NEXT GENERATION After choosing our payment system DIRECTebanking.com, the buyer just has to go through simple stages. Everything else will be done automatically by the system. How DIRECTebanking.nl works

Seite 4 ePAYMENT - NEXT GENERATION Initialize payment: select country and enter bank code  The buyer enters his bank sorting code  After clicking on „next“ DIRECTebanking.com selects the right bank gateway out of thousands of banks.  Bank coverage today:  95.1% in Austria  90.2% in Switzerland  99.3% in Germany  97.5% in the Netherlands 

Seite 5 ePAYMENT - NEXT GENERATION Initalize payment: enter account number  Payment reasons, amounts and the bank of the remittee are entered automatically.  The Buyer can locally save his data: the second payment the first two steps are skipped! 

Seite 6 ePAYMENT - NEXT GENERATION Legitimation: enter online-banking login data  DIRECTebanking.com logs into the bank account of the buyer, checks the credit limit and enters automatically a direct bank transfer to the merchant. 

Seite 7 ePAYMENT - NEXT GENERATION Transmission: enter transaction number (TAN)  The buyer confirms the transaction by entering the TAN (eBanking payment confirmation data).  A real-time payment confirmation is sent to the money recipient.  Goods and services can be delivered instantly.  Our software supports all kinds of TAN systems: iTAN, smartTAN, mTAN etc.  Our software supports SEPA transactions. 

Seite 8 ePAYMENT - NEXT GENERATION Fact:After several million transactions with sofortüberweisung.de / DIRECTebanking.nl, we did not have one single case of identity theft! Changing TANs Credit card data: Same for every transaction Many merchants have access to these data Several million identiy theft cases per year. Online Banking systems: Changing passwords or transactions numbers (TAN) TAN can only be used once Only available offline Main reason: The one time password (TAN) is only available offline and can be used once only. Security: online banking systems protecting against fraud

Seite 9 ePAYMENT - NEXT GENERATION  Based on BSI an ISO-2007 principles  Online-banking data (PIN/TAN) are not accessible to employees.  Transactions using DIRECTebanking.com can not be manipulated by Payment Network AG or third party staff.  Data transfers security based on secure Triple DES (168/112 bit) connections.  Banking data centers are certified according to industry best-practice online banking standards.  Users can check DIRECTebanking.com authenticity thanks to the certified 128-bit SSL certificate.  Continous checks by the TÜV Security: TÜV certified data privacy

Seite 10 ePAYMENT - NEXT GENERATION  The customer using DIRECTebanking.com is insured against online banking data fraud and identity theft cases. The insurance company is one of the largest German bank insurance corporations.  Buyers are insured up to EUR per individual case EUR normally corresponds to the maximum amount transferable per transaction number (TAN). Insurance against data fraud and identity theft Security: insurance against identity theft § §

Seite 11 ePAYMENT - NEXT GENERATION  We closely work together with the European market leader of customer protection programs Trusted Shop  Therefore in many shops, buyers paying with DIRECTebanking.com are protected in case merchants do not deliver goods.  More information here: Security: money back guarantee for buyers

Seite 12 ePAYMENT - NEXT GENERATION CountryStatus Germany Live since 2005 Austria Live since Switzerland Live since Netherlands Live since * UKGoing-Live: April / May 2009 * BelgiumGoing-Live: May / June 2009 * FranceGoing-Live: July / August 2009 PolandGoing-Live: September 2009 NordicsGoing-Live: October 2009 SpainGoing-Live: December 2009 USAGoing-Live: 2010 vision European expansion plan (status ) One harmonized, international online banking transfer system offering a gateway to the local online bank account

Seite 13 ePAYMENT - NEXT GENERATION How are we entering the Dutch market? Work with existing eCommerce customers from other countries. Best known in the Netherlands:  Start cooperation with leading Dutch payment service providers to facilitate integration. Already live or signed:  (Live)

Seite 14 ePAYMENT - NEXT GENERATION How are we entering the Dutch market? Open an office in the Netherlands (Amsterdam) with Dutch business development, customer care and integration support managers.  Presentation of DIRECTebanking.nl in leading eCommerce magazines, forum, blogs and on the most important eCommerce events in the Netherlands.  Direct approaches to Dutch merchants, payment service providers, banks and service companies within the Dutch eCommerce industry. 

Seite 15 ePAYMENT - NEXT GENERATION Benefits : why DIRECTebanking.nl? DIRECTebanking.nl costs less than competitors.  Standard fees for Dutch retail merchants: 1% or 50 Cent per transaction Euro setup fees 4.90 Euro monthly maintenance fees No further costs Free support We award innovative partners helping us entering a new market  More information on Save money!

Seite 16 ePAYMENT - NEXT GENERATION Benefits : why DIRECTebanking.nl? DIRECTebanking.nl is easy to integrate.  We work together with leading payment service providers. We offer standard plugins for over 80 shop systems such as:  More information on Easy integration

Seite 17 ePAYMENT - NEXT GENERATION  Benefits : why DIRECTebanking.nl? DIRECTebanking.nl reaches a lot more customers and helps increasing your revenue.  International = more revenue! Reach 47 Mio. instead of 9 Mio. potential customers today! By end of 2009 we will reach over 90 million customers We will reach approx. 2.5 Mio. flemish speaking customers

Seite 18 ePAYMENT - NEXT GENERATION Thank you & QA  Payment Network AG Fussbergstrasse 1 D Gauting Andrea Anderheggen Chief Operating Officer Tel: