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First Cagayan

First Cagayan. Simple Payment Solution (SPS). Verified Solution. Increase Online Traffic: Increase Local Traffic: Increase International Traffic SMS based Transactions flow Security enhancements available INCRESED CASINO TRAFFIC. Current System.

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First Cagayan

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  1. First Cagayan Simple Payment Solution (SPS)

  2. Verified Solution • Increase Online Traffic: • Increase Local Traffic: • Increase International Traffic • SMS based Transactions flow • Security enhancements available • INCRESED CASINO TRAFFIC

  3. Current System • An agent represents any where from 8 to 100 players • Cash is collected • Funds are put into the casino manually.

  4. Disadvantages • This is insecure • The spread is spread thin • Marketing control by Promoters • Cash delivery system slower

  5. Ideal System • A secure mobile debit system • Electronic cash transfer • Verified to stop fraud • To gradually replace all S.E. Asia agents

  6. Options • Neteller • good virtual wallet • but no mobile option • Cash to digital disadvantages • Security weaknesses • PayPal • Good payment system • Some mobile options • Security weaknesses • Repudiation issues • Cash to digital disadvantages

  7. The VERIFIED SOLUTION • Strong security and authentication • Partners with mobile aggregators ensuring SMS delivery • Platform or applications can be handled independently • Rejects fraudulent transactions • GPS/GSM Mobile tracking for vicinity of ATM • Fully fledged authentication using VTC core technology • Secure SMS messaging • Mobile payment transfer • Wire Digitized Cash to Casinos securely

  8. Solution • The mobile operator, the Internet and the financial institution comprise the system. The mobile device, the Internet and the card form the conduit for both delivery and receipt.

  9. VeriSmart Asian Cagayan Model “A Simple Payment Solution”

  10. VeriSmart Card

  11. The Sender deposit/sends money to the recipient by: • Visiting VeriSmart Retail store (cash deposit) or (ATM or bank for cash and/or check deposit if using a “Class A” VeriSmart Card) . • The Sender is sent a transaction number from the VeriSmart server that is unique to that transaction. This can be received over Internet www.verismartcard.com or by phone – 1-800-VeriSmart • The Sender informs the Receiver about transaction and transmits the transaction number to the intended recipient via Internet or Mobile device. . • The recipient’s funds are correlated with that transaction number (unique to that transaction). For a specified time, those funds are earmarked for withdrawal by the recipient pending: • The scanning of the Recipient’s card through the terminal at: • A bank taller • An ATM • A VISA outlet • A member POS merchant • After the card is scanned the Recipient’s phone will ring, prompting the receiver for his/her PIN • The Recipient enters his/her PIN • The Recipient enters the unique transaction number • The Recipient withdraws the money, deposits it into his/her account or pays for merchandize at a POS terminal.

  12. Benefits • Client Can Access Funds at an ATM machine, • POS, via bank teller, a VISA enabled store, or at a VeriSmart • At any retail outlet that uses the VeriSmart Card. • There is no dependency on any one phone network or banking institution • From either the sending or receiving end.

  13. Ramping up to take over the Asian Market • The Asian Cagayan Model… A “Simple Payment Solution” ……….. • Increased enrollment • More deposits on account and transaction fees. The card will cost the end user between one to five pesos. • This system fosters customer loyalty • Mitigates customer “churn”, and • Makes un-bankable money, bank-able. • Better Spread And Increased Casino Traffic

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