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CLOSED LOOP PAYMENT SOLUTION

CLOSED LOOP PAYMENT SOLUTION. Overview. We provide our customers with the ability to create private, independent payment and loyalty systems, without the costly overhead of association interchange (Visa/MasterCard) and Payment Clearing House (PCH) charges.

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CLOSED LOOP PAYMENT SOLUTION

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  1. CLOSED LOOP PAYMENT SOLUTION

  2. Overview We provide our customers with the ability to create private, independent payment and loyalty systems, without the costly overhead of association interchange (Visa/MasterCard) and Payment Clearing House (PCH) charges... • Our B2B model focuses on Communities, Associations, Retailers and Large Membership Organisations (i.e. Unions, Cultural Groups), • Limit banks and their high transaction fees, • Enabling customer loyalty programmes, • We plan to create numerous closed-loop payment ecosystems that will dis-intermediate the banks and be able to collaborate with each other, • Enabling mass-bargaining and savings for the members.

  3. ‘Bankserv, a very private company’ “… I asked Bankserv, the organisation formed to provide a centralised interbank clearing and settlement service, to let me see its annual financial statements. The request was refused on the pathetic grounds that it is a private company. … Given that Bankserv handles credit card transactions as well as banking services, I would guess, and this is a real thumb-suck, it must run to anything between 50-million and 100-million a day. As for value, well, many multiples of the country’s total gross domestic product. No wonder "they" don’t want us to know what they know.” Business Day, David Gleason, 30 August 2012

  4. The One sp Solution Current status Our Solution Consumer Supplier Consumer Supplier No Interchange PASA and SARB Approved Cheque, EFT, Credit Card Interchange Costs! Payment Clearing House (BankServ, MasterCard, Visa)

  5. The Benz Diagram Consumers Suppliers WWW API API WWW WWW Back Office

  6. Functional Overview Transaction The One Change of Ownership WWW WWW Money Out Money In Bank Bank Bank Own Account Pool Account Own Account EFT EFT

  7. Consumer User Interface Consistent The One Application Server Consistent Look and Feel

  8. Multiple Payment Channels One sp Platform

  9. Case Study: WRSA

  10. Wallet with Pockets Sub-accounts: Approved Suppliers: Multiple facilities loaded on the Wallet Facilities have own Expiry dates

  11. Secondary Cards Percentage allocation of wallet to secondary account holders

  12. Supplier Structure can be Mirrored

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