1. vNett – A Virtual Card Platform
Presented to the Big League User’s Group
21 September 2011
Darryl Jang
SVP, Americas
+1 (415)

2. Agenda Introductions vNett – A Virtual Card Platform
vNett – What It Can Do

3. 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

4. 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

5. 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…

6. The Benefits Streamlines Invoicing & Payment Mitigates Risk
Offers A Revenue Stream

7. 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

8. 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

9. 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

10. 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

11. 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

12. 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

13. Darryl Jang
SVP, Americas
+1 (415)
Contact Information