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Secure Vault Payments

Girard Business Solutions, Inc.

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Secure Vault Payments™ (SVP) Overview

• Consumers use existing on-line banking• Next Day Settlement via ACH Network• Payment is guaranteed to the merchant• Good funds are verified at time of authorization• No enrollment – No sharing of private bank info• Lower fees than traditional payment methods• No NSF’s – No Declines – No Need For Verifications• No PCI data is stored at Merchant site

SVP offers the Immediate Authorization of an ACH Credit transaction with Guaranteed Payment

for on-line payments and e-commerce transactions.

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SVP Demo

Consumer starts online payment process

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PAY

PAY

SVP Payment Selection

Fast Checkout• No sign-up• No sharing of info• Easy & Secure

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CONTINUE

Choose Your Bank• New banks are automatically added to the list• Predictive search speeds up selection process

Bank Selection

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On-line Bank Login

Consumer is automatically directed to bank’s login page

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Two Factor Authentication

Bank performs two-factor authentication

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Account Selection

Choose from Debit or Credit Accounts

University of Georgia

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University of

Payment Confirmation

Payment confirmed and Email sent to Consumer

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Ecommerce Transaction Volume Will Grow to $350 Billion by 2012

Alternative Payments are growing… …faster than Traditional Payments

6-Year CAGRMarket: 15%

Traditional: 12%

Alternative: 31%

“Card brands and issuers stand to forgo

$345M in volume in 2010 and

$1.7B by 2015” – Celent, October 2008

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17% CAGR110 Million

On-Line Banking Users

+80 Million

Internet Users Do Not Pay On-Line

Fear of Identity TheftFear of Fraud

Lack of Purchase Control

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SVP brings new Revenue Opportunities to FI’s

• Gain Marketshare in High Value Verticals

• Increase Ecommerce and Payment Transactions

• Attract New Merchants and Up-Sell Existing

• Gain Entry Into Alternative Payments Space

• Drive Revenue Growth + Transactions + Consumers

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Biller

Merchant FI (RDFI)Acquirers | ISOs | Gateways

Consumer FI(ODFI)

New Revenue Opportunities

Merchant Sponsor defines mark-up on transactions to Merchant based on Market Acceptance

Network Provider defines pricing for

ODFI$100 Bill Payment $0.50$98.00

Payment$1.50

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Benefits of SVP

Consumers• No enrollment or extra steps• No sharing of private financial information to a third party• Comfortable with on-line bank• Pay with debit (Checking / Savings) or credit (Line of Credit)• Avoid convenience fees

Merchants & Billers• Guaranteed Payment in 24 Hours – No NSF’s or Declines• Consumer’s FI authorizes amount in real-time and initiates ACH• Solves the e-check fraud and settlement issues• No PCI requirements – No storage of sensitive consumer data• Lower cost than traditional and alternative methods

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SVP – Bank “Inclusive”

Issuing Bank (ODFI)• New revenue opportunities

• 1.35% Ecommerce -- $0.50 Bill Payment -- $0.40 Government• Attract new DDA customers• Build loyalty via on-line banking channel• Leverage on-line banking infrastructure and investments

Acquiring Bank (RDFI) + Gateways + ISOs• New revenue opportunities

• Sponsorship and Transaction-based – up-charge transactions• Attract new merchants and cross-sell existing relationships• Reduced risk of chargebacks and settlement issues• Settlement and Recon services can be provided by eWise or Integrated

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Network Update – FI Side

Integration: 2 of the Top 10 Banks == 24 M customer DDAsUS Bank (17M) + Top 7 (7M)

Verbal Commits: 2 Top 15 Banks (10M) / 1 Top 5 Credit Union (7M)

In Discussion: 90% of Top 50 Banks / CU

Industry Associations: ICBA

Core Platforms: FIS, Harland, Jack Henry

Our Target:More than 100 Million available consumers by Q4 2011

Our Target:More than 100 Million available consumers by Q4 2011

Live: ~50 Banks & Credit Unions == ~ 500,000 Customer DDAs

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Network Update – Merchant Side

Govt: 3 States (Income & Property Tax) - > 20 Counties/Cities

Utilities: Electric/Gas (5.5M), Municipal Water, Gas, Electric

Higher Ed: 3 Live – more than 100 committed

Not for Profit: LDS Church (7 M members), American Cancer

Ecommerce: Apple Vacations, Amazon.com (intent)

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SVP Marketing Campaign

• To drive both merchant and consumer adoption, eWise is investing in a multi-million dollar marketing campaign to be launched in Q1 / Q2 2011

• Funds will be used in cooperation with Participating FI’s, Merchants and Gateways to drive awareness and adoption

• eWise is acquiring internal marketing expertise and a marketing firm to assist in defining the campaign strategy and goals

• Promotions will be directed at consumers – and will leverage both FI and Merchant web assets for advertising, as well as direct advertising

• Sample promotions may include:• Higher Ed: Use SVP for a chance to win “Free Tuition for a Year”• Utility: Use SVP for a chance to win “We’ll pay your electric bill for a year”• Ecommerce: Use SVP for a chance to win “A $2,500 shopping spree”

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Government University Core Banking

Payment Platforms

The primary payment platforms have already integrated or are in late stage integration discussions to implement SVP as a standard payment option.

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How Do I Join the SVP Network?

Acquirers (RDFI) / Gateways• Sign Participation Agreement w/ NACHA• Integrate reconciliation and settlement procedures

Issuers (ODFI)• Sign Participation Agreement w/ NACHA• Integrate Internet and Core Banking Platform to SVP Switch• Establish reconciliation and settlement procedures

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THANK YOU

Nate GirardGirard’s Business Solutions, Inc.

nateg@girardsinc.com800.536.4472

www.girardsinc.comwww.nacha.org

www.securevaultpayments.orgwww.ewise.com