Powerpoint

Report
vNett – A Virtual Card Platform
Presented to the Big League User’s Group
21 September 2011
Darryl Jang
SVP, Americas
+1 (415) 999-7083
[email protected]
Copyright © eNett International (Jersey) Limited. Confidential and Proprietary
Agenda
1) Introductions
2) vNett – A Virtual Card Platform
3) vNett – What It Can Do
Copyright © eNett International (Jersey) Limited. Confidential and Proprietary
2
Key Facts
Copyright © eNett International (Jersey) Limited. All
Confidential
rights reserved.
and Proprietary
Launched
2005
2011 Revenue
~USD23 Million
2011 TTV
~USD40 Billion
Clients & Users
>8,200
Employees
59
Ownership
Joint venture between
Travelport & PSP
International
3
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
Copyright © eNett International (Jersey) Limited. All
Confidential
rights reserved.
and Proprietary
Corporate,
Melbourne, Australia
4
A powerful payment solution that enables single-use and
multi-use MasterCard virtual account numbers to
facilitate payments to suppliers
Used for Supplier Payments
• Air, Car, Hotel
• Destination Providers, Tours, Attractions
• And more…
Used for Vendor Payments
Virtual MasterCard
Credit Card
Copyright © eNett International (Jersey) Limited. Confidential and Proprietary
• Online Marketing (e.g. Google & Facebook Ads)
• Phone and Telecommunications
• And more…
5
The Benefits
• Streamlines Invoicing & Payment
• Mitigates Risk
• Offers A Revenue Stream
Copyright © eNett International (Jersey) Limited. Confidential and Proprietary
6
How vNett Works
Rebate Paid Monthly
6
1
Travel Agent Requests Virtual Credit Card
2
Agent /
Consolidator / TMC
Virtual Credit Card Generated
Supplier Paid with
Virtual Card
Funds are pre-paid into
vNett Virtual Ledger to
cover virtual card issuing.
5
3
Card
Settlement
Card Is Processed By Supplier
4
vNett Virtual Ledger
Supplier’s Merchant Bank
Supplier
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7
Credit Card Revenue Model
$100
Agency
Bus Tour
$100
$100
$97.50
$98
Acquiring Bank
Credit Card
Issuer
Interchange Fees $ 2.00
Acquirer Fees $ 0.50
Cost of Sale $ 2.50
Copyright © eNett International (Jersey) Limited. Confidential and Proprietary
8
vNett Revenue Model
vNett Issues
$100 MasterCard
$100
Agency
$100
$100
$97.50
$98
Acquiring Bank
Bus Tour
$2 Credit Card
Issuer
Percentage Rebate on Interchange
Revenue Stream
Copyright © eNett International (Jersey) Limited. Confidential and Proprietary
9
Key Features
•
•
•
•
•
A Credit Card Payment
Pay-As-You-Go
Issuing & Activation
Amendments & Cancellations
Single-Use / Multi-Use
Copyright © eNett International (Jersey) Limited. Confidential and Proprietary
• PCI Compliance
• Reporting Capabilities
• Multi Currency
• AUD, EUR, GBP, USD
• Cross Border / Cross Currency
10
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 risk mitigation
• Remove credit challenges
• Eliminate security requirements
• Remove costly central bill programs
• Manage future payables
Copyright © eNett International (Jersey) Limited. Confidential and Proprietary
11
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
Copyright © eNett International (Jersey) Limited. Confidential and Proprietary
12
Contact Information
Darryl Jang
SVP, Americas
[email protected]
+1 (415) 999-7083
Copyright © eNett International (Jersey) Limited. Confidential and Proprietary
13

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