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vNett – A Virtual Card Platform for Streamlined Payments in Travel Industry

Explore the benefits and key features of vNett, a powerful payment solution enabling single-use and multi-use MasterCard virtual account numbers for streamlined payments to suppliers in the travel sector. Discover how vNett works, its revenue model, and the various sectors it caters to. Contact Darryl Jang, SVP Americas, for more information.

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vNett – A Virtual Card Platform for Streamlined Payments in Travel Industry

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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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