1. Enabling payments through innovation
In partnership with: 1

2. APS Overview Corporate Milestones
APS founded (Jan ‘04)
Launched first general purpose prepaid MasterCard in the UK (Aug ’05)
Established AFL and secured ELMI to directly issue prepaid cards (July ’07). Updated to EMD2 (May 2011)
c£1 Billion in card turnover & over 600,000 cards (2012)
Now in contract with 15 Councils, including Bury, Nottinghamshire, Trafford, Lancashire, Plymouth, Merton, Islington and Lewisham. 2

3. APS Overview Product Milestones – Prepaid Payments innovator
1st general purpose prepaid card in the UK
1st instant issue MasterCard prepaid card in the UK
1st CHIP & PIN prepaid card
1st to create reload network via the UK Post Office®
1st and only gold prepaid card in the UK
1st to offer Creditbuilder
1st UK prepaid card to offer Purchase Protection
1st prepaid issuer to gain MasterCard membership
1st to offer an Integrated Currency product
1st to deliver an online Bill Payment solutions
1st ‘true’ Banking prepaid product
Unique sort code and bank account number
Faster payments
Direct Debit
Achieved 10+ industry accolades and stand as the most awarded prepaid card in Europe 3

4. Prepaid Card Solution Developed for Councils
Local Authority
Prepaid Card Solution
Direct Payments & Personal Budgets
Cash & Cheque Replacement / Social Fund
Appointee-ships / Court of Protection
Expenses
Solving numerous Cash, Benefit Payments & Expense Management Challenges ...Cost Effectively 4

5. How Prepaid Cards Work Why Cashplus prepaid cards are a powerful solution
Direct Payment Programmes
Better Engagement
Simplification of process for Service Users & Council employees
Increases speed of service provision – no need to wait for the service user to set up a new bank account
Encourages financial responsibility
More Control
Access to all Cardholder spend/usage for monitoring & Auditing via electronic statements / data repository at ANYTIME!
Limits the administrative burden around monitoring and audits
Finance – check that contributions are paid & see balances real time – reducing fraud
Care Teams – real time checks to confirm that the funds are being used in line with the original assessments.
Enables claw back of funds – its Council money
Limit type of merchant spend (e.g. Cash withdrawal) by blocking MCCs

6. How Prepaid Cards Work Why Cashplus prepaid cards are a powerful solution
More utility than standard prepaid cards
Sort Code & unique Account Number making it easier to receive & make payments
Direct Debits
Customer contributions available directly on to the card account
Faster Payments
Reporting
Online real-time account / statements for individual accounts
CSV daily / weekly reports – download from Secure Server (SFTP site)
Standard Alerts & Top line reports (including payments, credits, refunds, renewals)
Payment Options for Cardholders
Payment for goods or services by using the card directly
Set up Direct Debit with 3rd party company that manage their payroll requirements
Set up Direct Debit for required Insurance Policies
Set up regular payments either online or over the telephone to pay carers
Make one off &/or variable payments online or over the telephone

7. Implementation Set up and Launch of Council Programmes
IT Requirements
Minimal – Application System = software based
Monitoring & Auditing real time = web based via standard site
Access to APS’ Secure Reporting Server
Processes
Set up - DPA Waiver added to standard Service User, Council Contract
Authorised Council employees – Council Helpline
Fund Recovery
Account limit increase
Prepaid Card Account set up
2 to 3 minutes – card with Service User within 5 working days
Online Account registration – 2 minutes
Transfer of funds on to the card account
Standard BACs / Faster Payment process utilised for standard bank accounts
Internal Processes
Existing Service Users - internal challenges around transfer of accounts
New Service Users – very straightforward process

8. Prepaid Card Solution:
Fee schedule to deliver a complete end to end payment solution
Programme Set up Fee - £1,000
Annual Fee - £29.99 per account
Card Account volume discounts apply on card orders greater than 500 (£25 per acct) & 1,000 (£20 per card acct)
Additional Card (Companion Card) Issue fee / Card Replacement- £4.95
ATM cash withdrawal fee - £0.99 – if applicable
Card Transactions (payments using the card) - FREE
Direct Debit Transactions - £0.35 per transaction
Online Bill Payment Transactions - £0.35 per transaction
Bill Payment Transactions via customer services - £1.00 per transaction
Card Account loading – FREE
Reporting (real-time by account & all account & transaction data) - FREE
All card fees are either invoiced to the council or posted to the card 8

9. How Prepaid Cards Work Why Cashplus prepaid cards are a powerful solution
Social Fund, Emergency Funds, Cash & Cheque Replacement
Instant Issue Product
Instant Issue Packs purchased up front by Council & held securely
2 x Products available – with ATM available or ATM withdrawals blocked
Simple set up and loading process for Council
2 to 3 minutes to register / set up the Card
Either load immediately or at a later stage
Cardholder calls the customer services IVR to retrieve PIN
Cardholder can then use the card at POS & / or ATM

10. Prepaid Card Solution:
Fee schedule to deliver a complete end to end payment solution
Programme Set up Fee - £1,000
Instant Issue Pack Fee - £4.95 per account (1 to 499)
Card Account volume discounts apply on card orders greater than 500 (£4.00 per pack), 1,000 (£3.50 per pack) & 5,000+ (£3.00 per pack)
ATM cash withdrawal fee - £0.99 – if applicable
Card Transactions - £0.99 per transaction
Direct Debit Transactions - £0.35 per transaction
Online Bill Payment Transactions - £0.35 per transaction
Card Account loading – FREE 10

11. Corporate/Public Sector Focused
APS vs. Competitors
APS has numerous points of differentiation in the industry, especially against a core set of issuers and programme managers focused in the Electronic banking marketplace
Product differentiators, especially Direct Debit and credit offerings are giving APS it’s Cashplus branded cards a clear position as ‘best in market’.
Company differentiators, most notably being a directly regulated and licensed MasterCard issuer with Agency Banking, positions APS well not only against the competitors listed below, but more opportunistically against traditional high street banks who continue to disenfranchise both its consumer and business customers.
Only company to currently compete effectively and successfully in all three markets
Consumer Focused
Corporate/Public Sector Focused
Online Acquisition
Bill Payment
Purchase Protection
Multi -Currency
Direct Debit
Faster Payments
Overdraft Lending
Post Office Branch Access
Proprietary Load Network
Direct MasterCard Member
Agency Banking Enabled *
European Licenced
* Infrastructure to provide sort code and bank account number to each issued card, enabling true debit card and bank capability

12. Case Studies Current Public Sector partners Government Disbursement
Partnered to migrate about £6B in government cash disbursement to card based solutions for local authorities due to ‘big bank’ solution failing them
Four Councils have signed with APS, with many more in the pipeline
Direct Payments Disbursement - London Borough of Merton
The London Borough of Merton have set up prepaid cards to make payments to clients in Adult Social Care with either Personal Budgets or Direct Payments.
By paying the benefits directly on to the card account, the Merton has taken full control of the accounts, enabling real-time monitoring and auditing of expenditure
Personal Budget & SDS Disbursement - Bury Council
Bury Council have set up over 750 prepaid card accounts to make payments to clients & Carers in Adult Social Care with Direct Payments.
The cards are a flexible way of ensuring that carers and customers of adult care services can access funding allocated to them in a convenient manner. The APS Prepaid card offer more choice of where, and when, a customer can spend this money.
Direct Payment Disbursement - Plymouth City Council
Plymouth City Council provide Direct Payment customer’s with a Prepaid Card, in the first 9 months, Plymouth has set up over 500 Service User accounts. 12