1. Management Presentation February 2005

2. Opportunity Summary Financial Services Market Problems: –Electronic Content Needs Low Cost Payment System –Like Cash –Fraud Costs Industry $ Trillions –Patriot Act Compliance –Consumer Demands for Privacy and Security

3. Opportunity Summary P2P Cashs Solution: –Banks get New Revenue Stream –Zero Transaction Costs for Merchants –Improved Consumer/Merchant and Bill Payment Experience

4. Market Opportunity 30 billion Online transactions 500 million+ mobile phones need secure payment methods Only 3.1 million merchants accept credit cards 100 M Peer-to-Peer Users with NO Payment System

5. New XML Payment Standard DRM Standards DRM Standards Music, Contracts.. Banking Standards Banking Standards VISA, MC, ACH Identity Standards Identity Standards RSA/Liberty Alliance ICU

6. ICU Cash Token Seller Buyer New P2P Payment Process Online Content P2P Micro- Escrow

7. Banks Push ICUs Merchants Pull ICUs Consumer Applications Music How We Gain Traction Games Intl Remit

8. Banks Want P2P Cash New Revenue Source American Express Travelers Check Model Retain Float : 5-7 Years

9. Merchants Want P2P Cash Transaction Costs Reduced Instant Settlement Reduced Fraud NO Chargebacks

10. Consumers Want P2P Cash Privacy Online/Phone P2P Money Transfer NO Fraud No Identity Theft Lower Cost

11. Competitive Advantages ZERO Transaction Costs Proprietary model lowers operating costs Huge Untapped Distribution Channel 100+ M P2P Users 300+ M Mobile Users XML Standards Technology: Reduces Development Cost/Risk