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Copyright © eNett International (Jersey) Limited. Confidential and Proprietary vNett – A Virtual Card Platform Presented to the Big League User’s Group 21 September 2011 Darryl Jang SVP, Americas +1 (415)
Copyright © eNett International (Jersey) Limited. Confidential and Proprietary 2 Agenda 1)Introductions 2)vNett – A Virtual Card Platform 3)vNett – What It Can Do
Copyright © eNett International (Jersey) Limited. All rights reserved.Copyright © eNett International (Jersey) Limited. Confidential and Proprietary 3 Launched 2011 Revenue 2011 TTV Clients & Users Employees Ownership 2005 ~USD23 Million ~USD40 Billion >8, Joint venture between Travelport & PSP International Key Facts
Copyright © eNett International (Jersey) Limited. All rights reserved.Copyright © eNett International (Jersey) Limited. Confidential and Proprietary 4 Global Organization Corporate, Melbourne, Australia Development Centre, Melbourne, Australia Business Development & Delivery Brisbane, Australia Business Development & Delivery London, UK Data Centre Atlanta, USA Business Development, Rome, Italy Business Development & Delivery San Francisco, USA
Copyright © eNett International (Jersey) Limited. Confidential and Proprietary 5 A powerful payment solution that enables single-use and multi-use MasterCard virtual account numbers to facilitate payments to suppliers Virtual MasterCard Credit Card Used for Supplier Payments Air, Car, Hotel Destination Providers, Tours, Attractions And more… Used for Vendor Payments Online Marketing (e.g. Google & Facebook Ads) Phone and Telecommunications And more…
Copyright © eNett International (Jersey) Limited. Confidential and Proprietary 6 The Benefits Streamlines Invoicing & Payment Mitigates Risk Offers A Revenue Stream
Copyright © eNett International (Jersey) Limited. Confidential and Proprietary 7 How vNett Works vNett Virtual Ledger Funds are pre-paid into vNett Virtual Ledger to cover virtual card issuing. Agent / Consolidator / TMC Supplier’s Merchant Bank Supplier Travel Agent Requests Virtual Credit Card 1 3 Supplier Paid with Virtual Card 4 Card Is Processed By Supplier Virtual Credit Card Generated 2 5 Card Settlement 6 Rebate Paid Monthly
Copyright © eNett International (Jersey) Limited. Confidential and Proprietary 8 Bus Tour Acquiring Bank Credit Card Issuer $100 $98$97.50 Interchange Fees $ 2.00 Acquirer Fees $ 0.50 Cost of Sale $ 2.50 Agency Credit Card Revenue Model
Copyright © eNett International (Jersey) Limited. Confidential and Proprietary 9 Agency Bus Tour Acquiring Bank Credit Card Issuer $100 $98$97.50 vNett Issues $100 MasterCard Percentage Rebate on Interchange Revenue Stream vNett Revenue Model $2
Copyright © eNett International (Jersey) Limited. Confidential and Proprietary 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
Copyright © eNett International (Jersey) Limited. Confidential and Proprietary 11 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
Copyright © eNett International (Jersey) Limited. Confidential and Proprietary 12 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
Copyright © eNett International (Jersey) Limited. Confidential and Proprietary 13 Contact Information Darryl Jang SVP, Americas +1 (415)
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