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vNett – A Virtual Card Platform Presented to the Big League User’s Group 21 September 2011 Darryl Jang SVP, Americas +1 (415) 999-7083 [email protected] Copyright © eNett International (Jersey) Limited. Confidential and Proprietary Agenda 1) Introductions 2) vNett – A Virtual Card Platform 3) vNett – What It Can Do Copyright © eNett International (Jersey) Limited. Confidential and Proprietary 2 Key Facts Copyright © eNett International (Jersey) Limited. All Confidential rights reserved. and Proprietary Launched 2005 2011 Revenue ~USD23 Million 2011 TTV ~USD40 Billion Clients & Users >8,200 Employees 59 Ownership Joint venture between Travelport & PSP International 3 Global Organization Business Development & Delivery London, UK Business Development & Delivery San Francisco, USA Business Development, Rome, Italy Data Centre Atlanta, USA Business Development & Delivery Brisbane, Australia Development Centre, Melbourne, Australia Copyright © eNett International (Jersey) Limited. All Confidential rights reserved. and Proprietary Corporate, Melbourne, Australia 4 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… Used for Vendor Payments Virtual MasterCard Credit Card Copyright © eNett International (Jersey) Limited. Confidential and Proprietary • Online Marketing (e.g. Google & Facebook Ads) • Phone and Telecommunications • And more… 5 The Benefits • Streamlines Invoicing & Payment • Mitigates Risk • Offers A Revenue Stream Copyright © eNett International (Jersey) Limited. Confidential and Proprietary 6 How vNett Works Rebate Paid Monthly 6 1 Travel Agent Requests Virtual Credit Card 2 Agent / Consolidator / TMC Virtual Credit Card Generated Supplier Paid with Virtual Card Funds are pre-paid into vNett Virtual Ledger to cover virtual card issuing. 5 3 Card Settlement Card Is Processed By Supplier 4 vNett Virtual Ledger Supplier’s Merchant Bank Supplier Copyright © eNett International (Jersey) Limited. Confidential and Proprietary 7 Credit Card Revenue Model $100 Agency Bus Tour $100 $100 $97.50 $98 Acquiring Bank Credit Card Issuer Interchange Fees $ 2.00 Acquirer Fees $ 0.50 Cost of Sale $ 2.50 Copyright © eNett International (Jersey) Limited. Confidential and Proprietary 8 vNett Revenue Model vNett Issues $100 MasterCard $100 Agency $100 $100 $97.50 $98 Acquiring Bank Bus Tour $2 Credit Card Issuer Percentage Rebate on Interchange Revenue Stream Copyright © eNett International (Jersey) Limited. Confidential and Proprietary 9 Key Features • • • • • A Credit Card Payment Pay-As-You-Go Issuing & Activation Amendments & Cancellations Single-Use / Multi-Use Copyright © eNett International (Jersey) Limited. Confidential and Proprietary • PCI Compliance • Reporting Capabilities • Multi Currency • AUD, EUR, GBP, USD • Cross Border / Cross Currency 10 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 11 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 12 Contact Information Darryl Jang SVP, Americas [email protected] +1 (415) 999-7083 Copyright © eNett International (Jersey) Limited. Confidential and Proprietary 13