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vNett – A Virtual Card Platform Presented to the Big League User’s Group 21 September 2011

vNett – A Virtual Card Platform Presented to the Big League User’s Group 21 September 2011 . Darryl Jang SVP, Americas +1 (415) 999-7083 darryl.jang@enett.com. Agenda. Introductions vNett – A Virtual Card Platform vNett – What It Can Do. Key Facts. Launched 2011 Revenue 2011 TTV

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vNett – A Virtual Card Platform Presented to the Big League User’s Group 21 September 2011

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  1. vNett – A Virtual Card Platform Presented to the Big League User’s Group 21 September 2011 Darryl Jang SVP, Americas +1 (415) 999-7083 darryl.jang@enett.com

  2. Agenda • Introductions • vNett – A Virtual Card Platform • vNett – What It Can Do

  3. Key Facts Launched 2011 Revenue 2011 TTV Clients & Users Employees Ownership 2005 ~USD23 Million ~USD40 Billion >8,200 59 Joint venture between Travelport & PSP International

  4. 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 Corporate, Melbourne, Australia

  5. A powerful payment solution that enables single-use and multi-use MasterCardvirtual account numbers to facilitate payments to suppliers • Used for Supplier Payments • Air, Car, Hotel • Destination Providers, Tours, Attractions • And more… Virtual MasterCard Credit Card • Used for Vendor Payments • Online Marketing (e.g. Google & Facebook Ads) • Phone and Telecommunications • And more…

  6. The Benefits • Streamlines Invoicing & Payment • Mitigates Risk • Offers A Revenue Stream

  7. How vNett Works Rebate Paid Monthly 6 Funds are pre-paid into vNett Virtual Ledger to cover virtual card issuing. 1 Travel Agent Requests Virtual Credit Card Supplier’s Merchant Bank Agent / Consolidator / TMC 2 vNett Virtual Ledger Virtual Credit Card Generated Supplier Paid with Virtual Card 5 3 Card Settlement 4 Card Is Processed By Supplier Supplier

  8. Credit Card Revenue Model $100 $100 $100 $97.50 $98 Acquiring Bank Credit Card Issuer Agency Bus Tour

  9. vNett Revenue Model vNett Issues $100 MasterCard $100 $100 $100 $97.50 $98 Acquiring Bank Agency Bus Tour Percentage Rebate on Interchange Revenue Stream Credit Card Issuer $2

  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

  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 riskmitigation • Remove credit challenges • Eliminate security requirements • Remove costly central bill programs • Manage future payables

  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

  13. Contact Information Darryl Jang SVP, Americas darryl.jang@enett.com +1 (415) 999-7083

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