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Prism Payment Technologies

Prism Payment Technologies. Llewellyn Walters Group Sales Director - Prism Holdings. VeriFone VIP Vendor Forum Athens 10 th – 11 th May2006. P Agenda. Prism – A short history The markets that we address The evolution of FlexiLANE What we had to work with…

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Prism Payment Technologies

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  1. Prism Payment Technologies Llewellyn Walters Group Sales Director - Prism Holdings VeriFone VIP Vendor Forum Athens 10th – 11th May2006

  2. P Agenda • Prism – A short history • The markets that we address • The evolution of FlexiLANE • What we had to work with… • The solution that we built • FlexiLANE roadmap • How can this benefit you? • Questions and answers

  3. Prism – A short history

  4. Prism Early Days – 1994 to 1997 • Started in 1994 as a buy-out of a payment switching business. • By 1997 had office locations; • Fourways, Sandton (Head office) and Wynberg, Cape Town (Hardware and Software Development) • Staff complement; • 15 in Johannesburg and 17 in Cape Town • Comprising 80% software development and general engineering personnel

  5. Company Milestones 1999… • Acquire Prism TranSwitch Services (PTSS / EasyPay). • Prism lists on JSE. 1998… • Sign up as VeriFone VIP. • Buy chip card plant from TEMSA. 1994… Prism founded as a result of a Management buy-out of Linkdata. 2000… Acquire VeriFone South Africa 2005 1998 1999 2001 2003 2004 1994 2001… • Acquire SMG from Nanoteq. • Expand operations into APAC and set up offices in KL. 2004… • Prism fastest growing VIP. • Prism turns 10. • Sign 10-year development agreement with Nasdaq-listed Radiant Systems, Inc • Awarded 1st place for VTU in TT100 programme. 2003… • BEE deal with Gijima Technologies (EasyPay empowered). • Awarded honourable mention in TT100 programme. 2005… • Prism Black empowered via MIC. • Win IDC award for creativity in technology development. • First in Africa to achieve FIPS 140-2 certification. • Awarded 1st place for TSM410 in TT100.

  6. 1 1 2 5 Prism Today - 2006 • Turnover : $ 60m , Staff complement : 286 • 75% still software development and engineering support personnel • Currently being acquired by NASDAQ listed Net1UEPS (UEPS)

  7. Prism Today – 2006 cont Fourways – Head Office • Administration • Terminal Development • Wireless Development Cape Town • Rondebosch – EasyPay Switch and VAS Operations • Wetton – Development, Support and Repair Facilities Durban – Crypto Hardware and Software Development Springs – Smart Card Production Plant Asia – Sales and OPT Production offices UK and Europe satellite representation

  8. P The markets that we address

  9. Banking ABSA Bank (Barclays PLC) BankServ Barclays Bank PLC First National Bank Kenya Commercial Bank Mercantile Bank of Lisbon Nedcor Rennies Bank Stanbic Standard Bank Telecommunications Axalto Celcom Giesecke & Devrient Infineon Marconi Communications MTN Group Oberthur Smart Communications Telkom Vodacom The markets that we address • Retail • Clicks • Edcon Group • Makro • Pick ‘n Pay Group • Shoprite Holdings • Petroleum • BP • Caltex • Radiant Systems Inc. • Shell • Tas ‘Helat • Total • Utilities • Eskom • Various SA Local authorities • PayShop • Other • South African Post Office • DHL

  10. The evolution of the FlexiLANE

  11. PPS Requirement History - Asia • Petroleum Client with Prism OPT and 3rd party POS • full payment server – Prism Payment Server is born • switch integration • full OPT and POS integration • existing magnetic stripe debit/credit acceptance • MEPS PMPC acceptance • Timing estimates • January 2000 - commence development • August 2000 - implementation

  12. PPS Requirement History – SA Client Shoprite - 2001 • Need for a payment gateway for Large Multi-lane Retailer • Supported Integrated ECR / PIN pad devices • DOS based ECR’s • Store Server Integration • Value Added Gateway Application Server • Remote device and server management - Netmons • Prism offered: • Linux and Java based technology • 3 tier Security approach • Open Standards approach

  13. PPS Requirement History cont • Integration into non-bank switch – EasyPay • Support for Bull Vendstar POS • Electricity vending for ESCOM – National Electricity Supply • Migration to VeriFone PIN pads – thick client • Bill Payment • Phone top-up – fixed line and cellular operators (currently 4) • Gift Vouchers / Gift Cards • Private Label Card Schemes • Upgrade from DOS to Windows ECR / Store server • Integration into embedded 3rd party solutions – POSTEC • EMV upgrade

  14. Specific requirement : Petroleum • We had rolled out terminals into a major Petro group in SA, and had seen the problems faced by the merchants: • Reconcilliation of daily totals : Bank control • Payment problems • Site-wise velocity checking • General lack of control • Speed of VAS implementations • Multi merchant views • Payment device portability • Convenience store integration • Electronic backup • Etc… • When we investigated further, we realised that we had all the components for the perfect solution , made easier by : • Verix and portability to VerixV • VeriFone introduction of WiFi.

  15. What we had to work with ….

  16. Multi-Lane Payment Server • Enabling merchants to maximise the benefits associated with adopting a retail-automation strategy. • Seamlessly integrating with industry standard transaction security technology. • Enables the merchant to handle all major payment tokens, accepted via a myriad of devices, for a host of different transaction types. • Small software footprint allowing it to co-exist on legacy POS/Site Server infrastructure

  17. FlexiGATE • A Central Host that supports: • FlexiLANE platforms • Stand Alone VeriFone POS terminals • Terminal Management • Hotcard management • BIN management • Terminal parameter / configuration • Transaction Logging • Interface to Switch or Bank Host • Pushes FlexiVIEW heartbeat messages to FlexiVIEW server • Value Added Services routing

  18. FlexiGATE / FlexiLANE – Thick Client FlexiLANE – a Software Solution

  19. Components for Forecourt / C-Store

  20. The Bigger Picture - FlexiLANE • Forms an interfacing and concentration layer • Ability to interface with various payment and VAS devices simultaneously • Contains a fully-fledged EFT processing engine • Architectural flexibility

  21. The solution that we built

  22. FlexiGATE / FlexiLANE Thin Client

  23. FlexiLANE Menu of Services

  24. FlexiLANE Server- Specification Hardware Description • 2.5” HHD - IDE UltraDMA-33 controller – 40Gb HHD (scalable) • Microprocessor - 266 Mhz 586 class Geode single chip processor • Memory - 128 Mbytes SDRAM • External Ports - Three 10/100 Mbit Ethernet ports, 1 RS232 port • USB 1.1 external interface • Internal Slots - Slot for solid state Compactflash storage • Low power 3.3V PCI slot • Slot for miniPCI type II board • 2 x RS485 serial ports • Wireless Modem -Internal Local Area • Wireless WiFi card 802.11b

  25. FlexiLANE - Specification Software Description • Base firmware modules and database for FlexiLANE payment engine • Linux Mandrake 10.0 distribution • Linux kernel version 2.6.11.3, modified to accommodate hardware. • Apache 2.0.54 • MySQL database version 4.0.20 • PHP version 4 • Java JRE 1.4.2 • Prism supplied EFT payment engine • Prism supplied thin client software / API for Vx and SC5000 platforms • Key injection tools

  26. FlexiLANE – Prism Toolkit Software Description • Prism supplied thin client software / API for Vx and SC5000 platforms • Key injection tools • Message interface specification to support host development • SDK for this on roadmap as future deliverable.

  27. FlexiLANE • Scaleable for use in any merchant which has 2 or more devices • Use in Retail, Hospitality, Multi-merchant and Petroleum locations • Support for RS232,485,422 and TCP/IP based POS devices • VeriFone Omni3750, Vx devices • VeriFone SC5000 PIN pad • Prism OPT • Slim-line version • Combined POS aggregator and Network hub for smaller locations • IFSF Support

  28. FlexiVIEW

  29. FlexiVIEW Monitor Features and Benefits • Asset management • Monitors POS estate • By region or as required • Software versions • Hardware types • Used by • Client Business & IT • Support teams, etc.

  30. FlexiVIEW Monitor cont Features and Benefits • Dashboard monitor • Country • Regional • Merchant location • Customised alert parameters • Create reports on demand

  31. FlexiVIEW Monitor cont Features and Benefits • ECR / POS lane view • VAS network interfaces • Host interfaces

  32. Some pictures

  33. Merchant Counter Clutter! *Special thanks to our Greek VIP counterpart PRINTEC

  34. Site Pictures – Vx610 WiFi An open and shut case for Vx610’s!

  35. Site Pictures – Vx510 Ethernet Versatile use of Vx510 Ethernet

  36. Site Pictures : FlexiLANE components

  37. Strategic roadmap

  38. Strategic Roadmap – FlexiLANE 2.01 up to Q3 2005 2.01 FlexiLANETM Q4 2005 Omni & Vx • Support “Old” Thick client WiFi terminals as a Communications hub. • Terminal BINs, SAF via existing Terminal Gateway • Support for Thin or Thick SC5000 and Vx510 / 610 terminals • FOCUS ON THIN CLIENT THEREAFTER • FlexiVIEW (Netmons) as per currently deployed • No additional validation of transactions processed via the platform • Routing and logging only • Can support SAF • No stand alone terminal viewing via FlexiVIEW yet FlexiPOSTM FlexiGATE WiFi Vx610 Portability Debit Cards Device Management Single Point of Service Portable Terminals Dr & Cr & EMV Capable Value Added Services

  39. Strategic Roadmap – FlexiLANE 2.02 2.01 FlexiLANETM 2.02 FlexiLANETM Q2 2006 Q4 2005 • Multi Client / Multi Merchant support • Can have Crypto if required – 3 tier for off-line payment schemes • File management and Terminal Management via common web based GUI’s • ECR integrated devices / prompt for ECR lane • Retail and Petroleum marketplace supported • Transactional view per client • Can have additional transaction validation by BIN and Velocity checking • STAND IN capabilities • Bed down the customer specific requirements • Expose technology to VIP’s as a potential channel New Value Added Services

  40. Strategic Roadmap – FlexiLANE 2.03 2.02 FlexiLANETM 2.03 FlexiLANETM Q1 2007 Q2 2006 • Stand Alone Omni and Vx device support via FlexiGATE / FlexiVIEW GUI’s • Support for VAS Risk Management • Other VAS supported • Bill Payment • Card based Gift Voucher • SAF – Pass through mode • Reconciliation and settlement • Pump Interface for POSTEC, PEC (Shell SA specific now)and ANOTHER • Support other Prism Payment products via FlexiVIEW for monitoring only • Installation and Configuration Wizards • Performance Measurement and Tuning • SDK for Source and Sync node development by 3rd party developer

  41. What are the benefits to you?

  42. Benefits to you, the VIP… • This solution drives device sales – big time! • .. And not just one device type, Vx, SC, and OPT can integrate. • It’s the neatest solution for any site that has more than 2 devices, and the real beauty to the merchant is: • RECONCILLIATION – LIKE THEY’VE NEVER EXPERIENCED! • Our competitors don’t have anything like it….the software is the differentiator.. • Prism will license the software components to the VIP and have made available the API for the thin client…. • Prism will sell the FlexiLANE server to you. • Its ready and demonstrable, right here.

  43. Questions & Answers Thank you! Demonstrations available…

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