Pay Fair - PowerPoint PPT Presentation

Loading...

PPT – Pay Fair PowerPoint presentation | free to download - id: 487238-NTY4N



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

Pay Fair

Description:

* * * * * * * * * * * * * * * * * * * * * * * payfair_at_mobile - benefits Retail payments can be made using any mobile phone in the world Extremely Secure the phone ... – PowerPoint PPT presentation

Number of Views:96
Avg rating:3.0/5.0
Slides: 41
Provided by: ORB70
Learn more at: http://www.pos.ru
Category:
Tags: fair | pay | road | safety

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Pay Fair


1
(No Transcript)
2
payfair Innovation in Payments
  • Stephan Becker
  • CEO Chief Executive Officer
  • www.payfair.eu

2
3
Who is payfair?
  • A highly visible initiative
  • Supported by the Central Banks
  • Supported by the European Commission
  • Supported by National Competitive Authorities
  • A well funded initiative
  • Investor Janivo Holding (NL), known as long
    term founding investor of TeleAtlas (sold to
    TomTom in 2008)
  • A clear company structure
  • An experienced multidisciplinary European team
  • Coming from banks, schemes, ICT, Telco,
  • processors, networks, public affairs,
    retail,

4
What is payfair?
  • payfair is a NEW Payment Scheme
  • first European scheme that is fully SEPA
    compliant
  • 4 party model and 3 party model (depending on
    required solution)
  • Independently owned and operated
  • payfair is offering card based and virtual card
    based solutions
  • EMV card based products (both contact and
    contactless)
  • Mobile based solution to enable secure solutions
    on the internet, the POS environment, ATMs and
    attract new businesses

4
5
How is payfair different?
  • Key differentiators
  • Enhanced consumer convenience
  • Example payfair_at_Internet
  • Reduced entry barriers for merchants and banks
  • Example PayFair Mobile low cost terminals
  • Example low implementation costs
  • Improved security and trust
  • payfair PAN number is worth 0 EUR for hackers !
  • No charge-backs on internet (unless service not
    rendered imposed by law not the case in
    continental Europe)
  • Transparency on pricing, interchange, open
    governance
  • Merchants do like payfair for that reason while
    price is in line with current market practices

6
Why payfair?
  • or a new scheme that brings
  • Banks are calling for secured income and
    transparency
  • An open four party model, without national
    barriers
  • A transparent business model a fair price
    accepted by all stakeholders
  • Merchants are calling for stability and a fair
    cost sharing
  • A balanced governance a scheme that addresses
    the interests on one side the financial world
    (banks) and on the other side the merchants
  • A value proposition extending the efficiency of
    the national schemes
  • Consumers are calling for convenience and safety
  • A consumer experience that is consistent across
    the globe in
  • Security
  • Convenience
  • Innovation

6
7
What makes payfair so unique?
  • State of the Art technology
  • Easy to implement, lower costs, introducing new
    features and products
  • Innovative products and solutions
  • Enhanced consumer convenience
  • Reduced entry barriers for merchants and banks
  • Using Standard Interfaces
  • Using mobile - low cost terminals
  • Improved security and trust
  • payfair PAN number is worth 0 EUR for hackers !
  • Transparency on pricing, interchange, open
    governance
  • Merchants like payfairbecause they understand the
    pricing and the services they receive! A
    transparent model not seen as bank driven and
    owned

8
payfair the true alternative
  • payfair as a scheme is offering a solution for
  • a new Global Scheme with none US governance
  • introducing a new national scheme
  • replacement of existing national schemes
  • extension and upgrade of national schemes
  • Mobile operators inter connectivity in payments
  • resolving legacy issues
  • serving niche market and niche products
  • closed loop solutions
  • launching of new technologies and products

8
9
Why a new Payment Scheme in EMEA?
Where is EMEA ?
The New transparent and FAIR Solution for
the World
9
10
Why a New Payment Scheme?
  • Who will drive the future world of payments?
  • Mobile operators (Vodaphone, Orange.)
  • Phone and Hardware producers (Apple, Microsoft,
    Nokia)
  • E-Commerce shops (Amazon, eBay,.PayPal)
  • Social Networks (Facebook.)
  • Where are the Banks?
  • In certain emerging markets
  • already up to 80 of the monthly salaries are
    paid to mobile accounts
  • 80 of the populations have a mobile phone, but
    only 20 a bank account
  • Globally the Young Generation is early and more
    often used to Mobile Phones than Bank Accounts.
  • Banks Still insisting of owning and protecting
    the last mile (before having access to the bank
    account) in place of being concerned about the
    first customer contact !

11
Innovation in the Payment World
  • Since 2001 the global schemes work on contactless
  • Since 2003 different pilots on mobile payments
    initiated by banks and international payment
    schemes
  • The reality is that most of the successful
    projects are run by Mobile companies
  • e-Commerce is growing with the fastest pace
  • Banks missed the opportunity and left the field
    to PSPs, now starting to try to recover ground
  • New schemes are getting large market share
    (PayPal..)
  • Are ATMs the last bank driven innovation in
    Payments World?
  • Will the established actors drive the future of
    payments ?
  • Innovation will not come from established actors
    but from innovative and flexible entrepreneurs !!

12
Drivers for a new Payment Scheme in EMEA
  • Regulatory requirements (SEPA, PSD,.)
  • Governance and Legacy issues
  • Dependency on American (Visa, MasterCard, Amex,
    Diners, ) or other international schemes
    (JCB, CUP, )
  • Competition issues in certain markets
  • Flexibility of systems
  • Transparency in costs, governance, decision
    making .
  • Innovation!

13
Legacy just a comparison
(VW Golf I, 1977)
(VW Golf VI, 2010)
veteran car ! 
1977 Start of Most European Domestic Schemes
Is it reasonable to upgrade this original but
only local veteran version with todays new
standard features and characteristics ? At
what final cost ? Image reputation ? Uncertainty
about final performances and investments and
about future developments ...
  • normal mandatory features characteristics
    (  SEPA standards )
  • Consumption 3,7 l/100km
  • CO² 99 gr/km
  • ABS-EPS-DCS-Airbags
  • EuroNCap (anti collision test)
  • GPS-MP3-Electronics...

Better to opt straight for the new and better one
with cost reductions latest new technologies
the global payment scheme Payfair !
14
payFair_at_Internet
  • See following link for a short movie on the
    payfair internet solution
  • http//www.youtube.com/watch?vpP-hexP4Ufc
  • Or go to the payfair web side and see the movie
  • www.payfair.eu

14
15
Solutions - payfair_at_Internet
  • Solution
  • payfair can be used on the Internet for payment
    at E-commerce shops for products and services
  • payfair is offering two different ways of
    payment
  • Card based
  • As in all other payment schemes the card holder
    will type in his card number and other
    information and payment is generated on the
    Internet
  • Mobile phone based
  • Mobile Sound Identification used
  • No card data used - No Mass fraud

16
Solutions - payfair_at_Internet
  • What?
  • Consumers pay purchases at POS Terminals with
    their mobile phone without providing their
    physical card.
  • Bank
  • New trendy convenient service for its young and
    less young population
  • NO NEED to issue cards first ! Can be linked to a
    prepaid or normal account
  • Highly secure internet module no longer mass
    fraud risks with their high costs
  • Unique differentiation
  • Consumer
  • Convenience mobile always in the pocket (and no
    new NFC devices required)
  • No need to have a card (at least in the short
    term)
  • Security no card number or other sensitive
    financial details displayed on internet
  • Easy to use and trendy works with all current
    mobiles (Telco independent)
  • E-Commerce merchant
  • Secure process leading to minimal charge backs
    (only service not rendered)
  • Robust process ensuring all transactions get to
    completion
  • Competitive cost and pricing

16
17
payfair_at_internet - benefits
  • Reducing fraud on existing schemes and therefore
    losses by the issuer
  • Allowing merchants and acquirers to accept
    strongly secured transactions in the E-commerce
  • Allowing Internet transactions for card-less
    users
  • Allowing mobile phones holders either to pay on
    internet or to withdraw on ATM or to purchase on
    POS with the same mobile device, and the same
    virtual (or real) card associated to the mobile
  • Introducing new technology and being state-of-the
    art

18
payfair_at_money4you
  • payfair_at_money4you DEMO
  • Available as seperate file
  • or go to
  • www.payfair.eu

19
Solutions- Payfair_at_Money4you
  • Remittance solution
  • With payfair_at_Money4you anyone with a cell phone
    can conveniently send and receive remitted funds.
    Typically funds can be sent instantly on the web
    via the payfair web portal or by sms. Anyone with
    a mobile phone can receive money transfer.
  • The recipient may withdraw cash on ATM or at a
    local agent.

20
Payfair_at_Money4you - Benefits
  • For senders
  • added value because simple, fast safe
  • Dual authentication (Secret Code Mobile Call)
  • Anytime, anyone, anywhere
  • For receivers
  • Any phone can receive funds if authorized, even
    without prior enrollment in the service
  • Extremely Securethe phone must be present to
    cash-out funds
  • No paper, no plastic, no Western Union!
  • For issuers
  • No skimming ? drastical reduction of fraud
    damages
  • No need of issuing plastic cards
  • Target
  • Migrant workers
  • Unbanked and/or cardless beneficiaries
  • Youth market
  • Emerging countries

21
Solutions- Payfair_at_Money4you
P2P Remittance
RECIPIENT (Cash-Out) SENDER (Cash-in)
PF_at_Money4you  
PF_at_ATM Money4you Enter TransUID 
1234567890 Secret Code  YYYY The system will
be calling you for sound authentication

ATM
PF_at_Money4you PORTAL Enter your Mobile 
32477675382 Your Secret Code XXXX Beneficiarys
Mobile 21620344677 Amount to transfer
200.00 Currency TND The system will be calling
you for sound authentication
PF Web Portal
Local Agent
e-Commerce
22
Solution - Payfair_at_Money4you
  • What?
  • Its P2P remittance via Payfair Web Portal
  • The sender uses PF Web portal to send money to a
    recipient mobile. The beneficiary could cash out
    the amount at mobile-enabled ATMs or at a local
    agent.
  • For senders
  • added value because simple, fast safe and MUCH
    CHEAPER than traditional money transfers (Western
    Union, MoneyGram, bank transfers, etc)
  • Dual authentication (PIN Mobile)
  • Anytime, anyone, anywhere
  • For recipients
  • No need to be enrolled
  • A payment solution that promotes highest
    convenience for consumers just a mobile device
    and a secret code, and cash can be taken from
    ATMs
  • For banks
  • Standard ISO 8583 transaction (no impact on core
    systems)
  • Drastically reduction of fraud damages
  • Additional revenue stream

ISO 20022 to be implemented when becoming the
new standard
23
payfair_at_pos
  • payfair_at_pos DEMO
  • Video is available separately
  • or go to
  • www.payfair.eu

24
Solutions payfair_at_POS
  • A new innovative way to pay goods at shops
    without any skimming risk nor forgotten cards
    issues. Using TagAttitudes NSDTTM sound
    authentication technology, consumers can shop by
    simply using their mobile phones.
  • Anyone with a cell phone can securely and
    conveniently use their phone to pay goods at POS
    terminals. This revolutionizes mobile money by
    attaining SIM card-present security level and
    opening POS services to the billions of un-banked
    mobile phone owners.

25
Solutions payfair_at_POS
  • What?
  • Consumers pay purchases at POS Terminals with
    their mobile phone without provide their physical
    card. They are authenticated by PIN code and/or
    sound recognition.
  • New disruptive technology to equip small
    shops (with or
    without normal terminal)
  • Compatible with 100 of the existing mobile park
    in the field (no NFC needed)
  • Convenient to reduce use of cash
  • Support for Low Value Payments
  • Sound Identification at POS is in production
    since April 2011

25
26
payfair_at_pos - benefits
  • Reducing fraud on existing schemes and therefore
    losses by the issuer
  • Allowing merchants and acquirers to accept
    strongly secured transactions without EMV
    technology on POS terminals
  • Allowing POS transactions for card-less users
  • Allowing mobile phones holders either to pay on
    internet or to withdraw on ATM or to purchase on
    POS with the same mobile device, and the same
    virtual (or real) card associated to the mobile
  • Introducing new technology and being state-of-the
    art
  • payfair_at_pos could also be run on simple cash
    registers

27
payfair_at_atm
  • payfair_at_atm DEMO
  • Video is available separately
  • or go to
  • www.payfair.eu

28
Solutions - payfair_at_atm
  • payfair_at_atm is the new innovative way to withdraw
    money at ATM without any skimming risk nor
    forgotten cards issues. Using TagAttitudes
    NSDTTM sound authentication technology, consumers
    can withdraw money by simply using their mobile
    phones.
  • Anyone with a cell phone can securely and
    conveniently use their phone to withdraw cash
    from an ATM. This revolutionizes mobile money by
    attaining SIM card-present security level and
    opening ATM services to the billions of un-banked
    mobile phone owners. 

29
Solutions - payfair_at_atm
  • What?
  • Consumers withdraw cash at ATM with their mobile
    phone without providing their physical card.
    Consumers are authenticated by PIN and/or sound
    identification. Usable by card less or unbanked
    people to cash out or remittance.
  • New disruptive technology to equip ATMs with
    Sound identification
  • Compatible with 100 of existing ATMs
  • Only software update needed
  • Convenient and save
  • Alternative to Remittance/Money transfer

29
30
payfair_at_atm - benefits
  • Reducing fraud on existing schemes and therefore
    losses by the issuer
  • Allowing banks and ATM providers to accept
    strongly secured transactions without EMV
    technology at ATMs
  • Allowing ATM transactions for card-less users
  • Allowing mobile phones holders either to pay on
    internet or to withdraw on ATM or to purchase on
    POS with the same mobile device, and the same
    virtual (or real) card associated to the mobile
  • Introducing new technology and being state-of-the
    art
  • Remittance access for None banked customers

31
payfair_at_mobile
  • payfair_at_mobile DEMO
  • Video is available separately
  • or go to
  • www.payfair.eu

32
payfair_at_mobile
  • Customers can pay with their phone in a point of
    sale
  • This changes the rules of mobile payment by
    offering retail-appropriate proximity payments
    and offering electronic payments to billions of
    un-banked phone owners
  • All existing cell phones can be used
  • New types of merchants can accept electronic
    payment transactions
  • Low cost acceptance terminals (Mobile devices)
  • No physical/Land line connections needed

33
payfair_at_mobile
  • Contactless and cardless payment
  • Customers
  • payfair_at_mobile customers can make purchases in
    participating stores using their cell phone to
    sign for the transaction.
  • The customers payfair card is debited upon the
    approval of the transaction by the issuing bank
  • Merchants
  • Merchants can accept payments using a low cost
    Mobile Payment Terminal (MPT) or their own
    mobile phone.
  • The MPTs are designed to provide quick and user
    friendly point of sale transactions with similar
    ergonomics to card payment terminals.

34
payfair_at_mobile - benefits
  • Retail payments can be made using any mobile
    phone in the world
  • Extremely Securethe phone must be physically
    present to sign the transaction
  • Simple to usejust answer a phone call and bring
    it towards the chirp
  • Designed for retail environments where quick and
    simple payment is a must
  • Low cost and rapid time-to-market
  • No cash, no cards, no SMS, no hassle
  • No Land Line needed to connect merchant
    terminals

35
payfair_at_delivery
  • Logical extension to payfair_at_mobile with order
    and pre-authorisation
  • The customer will contact the delivery center to
    order the goods / services he wants to receive.
  • The delivery center will associate a purchase ID
    to the order of the customer
  • The delivery center requests a pre-authorization
    for the transaction amount at Payfair Portal
  • The issuing bank approves the pre-auth request
    and generates a pre-authorization number
  • The pre-auth number is assigned to the Order Id
    and the customer phone number

36
Payfair Contactless
  • payfair contactless offered on mobiles
  • Compatible on existing contactless network in the
    market
  • Product will also be on-line ? no specific risk
    management for banks
  • Contactless can be in the card or on a mobile

36
37
Innovating with payfair
  • payfair solutions enables
  • Cardless payments
  • Sound autentication
  • Dual factor authentication
  • Acces to new markets
  • Mobile phone is always nearby
  • as payment device
  • as payment acceptance device
  • A payment solution that promotes highest
    convenience for consumers just a mobile device
    and a secret code, and payments can be initiated
    at POS, ATMs, e-Commerce, Money Transfer,
    Remittance cash-out,!

38
Payfair - Product Road Map
  • Innovation for
  • unbanked/card less customers
  • more customer convenience
  • more electronic transactions
  • new and increased revenues
  • reduced risk and costs

Payfair Contactless
Payfair_at_ Money4you
Payfair_at_ PrePaid
Payfair_at_ ATM
Payfair_at_POS
Payfair _at_ Internet
Q2 2011
Q2 2010
Q3 2010
Q4 2010
Q1 2011
Q2 2011
Q2 2011
Q3 2011
Q4 2011
Q2 2011
39
Conclusions
  • No important investments required
  • SEPA card solution within short delay (fast deal
    with Payfair possible)
  • Revenue streams preserved, growth potential
    mass fraud reduction
  • Reasonable timing to set up a non disruptive and
    acceptable migration plan
  • Less resources need to implement new solution
  • No risk of potential competition issues
  • No dependency towards Visa/MasterCard and towards
    dominant operators
  • Great support from (European ) national
    authorities and from retailers merchants
  • Access to innovative products in short time
    frame
  • Increased number of electronic transactions

40

Questions Answers
Any questions? Interest in further
discussion? Feel free contacting us!
Stephan Becker stephan.becker_at_payfair.eu 32
479 81 66 45
6064 5312 3456 7890 1234 0 Europa Schuman ABCD
EFGH IJKLM EXP 12-2012
40
24
40
About PowerShow.com