Seite 1 ePAYMENT - NEXT GENERATION NEXT GENERATION E-BANKING Independent direct payments Cooperating with leading Dutch Payment Service Providers Online

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ePAYMENT - NEXT GENERATIONNEXT GENERATION E-BANKING

Independent direct payments

Cooperating with leading Dutch Payment Service Providers

Online Betaal Congres5th of March 2009Media Plaza Utrecht

Mr. Andrea AnderheggenCOO Payment Network AG

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ePAYMENT - NEXT GENERATION

Payment Network AG is a privately hold German

limited corporation founded in December 2005.

The company’s objective is to market the

innovative payment system based on Online

Banking systems in Europe and worldwide.

A major investor of the company is the family office

Reimann-Dubbers,

Reimann Investors Advisory GmbH, the family

office of the Reimann-Dubbers family has invested

in Payment Network AG early 2008.

Under the Reckitt Benckiser corporation

Reimann has created world renowed brands:

The Company The company is managed by Mr. C. Klein (CEO),

Mr. A Anderheggen (COO), Dr. J. Lütcke (CFO),

R. Piater (CMO) and S. Krautkrämer (CTO)

We are generally bank independent although we

work together with banks as marketing partner.

Today we employ 41 full time equivalents.

Since the official market launch of

sofortüberweisung.de / DIRECTebanking.com

in October 2006 over 11.000 eCommerce

companies have registered.

We have already performed several million

transactions mainly in Germany, Switzerland and

Austria and are live in the Netherlands since

January 2009.

Our aim is to offer DIRECTebanking.com all over

Europe within the next 12 to 18 months.

Key Facts

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After choosing our payment system DIRECTebanking.com, the buyer just has to go through simple stages. Everything else will be done automatically by the system.

How DIRECTebanking.nl works

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Initialize payment: select country and enter bank code

The buyer enters his bank sorting code

After clicking on „next“ DIRECTebanking.com selects the right bank gateway out of thousands of banks.

Bank coverage today:

95.1% in Austria

90.2% in Switzerland

99.3% in Germany

97.5% in the Netherlands

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Initalize payment: enter account number

Payment reasons, amounts and the bank of the remittee are entered automatically.

The Buyer can locally save his data: the second payment the first two steps are skipped!

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Legitimation: enter online-banking login data

DIRECTebanking.com logs into the bank account of the buyer, checks the credit limit and enters automatically a direct bank transfer to the merchant.

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Transmission: enter transaction number (TAN)

The buyer confirms the transaction by entering the TAN (eBanking payment confirmation data).

A real-time payment confirmation is sent to the money recipient.

Goods and services can be delivered instantly.

Our software supports all kinds of TAN systems: iTAN, smartTAN, mTAN etc.

Our software supports SEPA transactions.

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Fact: After several million transactions with sofortüberweisung.de / DIRECTebanking.nl, we did not have one single case of identity theft!

1329398468349562234543673702034536094326

Changing TANs

2352968545667567857834537869234212310234

3459498623421233923301346313918572846123

Credit card data:• Same for every transaction• Many merchants have access to these data• Several million identiy theft cases per year.

Online Banking systems:• Changing passwords or transactions numbers (TAN)• TAN can only be used once• Only available offline

Main reason: The one time password (TAN) is only available offline and can be used once only.

Security: online banking systems protecting against fraud

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Based on BSI an ISO-2007 principles

Online-banking data (PIN/TAN) are not accessible to employees.

Transactions using DIRECTebanking.com can not be manipulated by Payment Network AG or third party staff.

Data transfers security based on secure Triple DES (168/112 bit) connections.

Banking data centers are certified according to industry best-practice online banking standards.

Users can check DIRECTebanking.com authenticity thanks to the certified 128-bit SSL certificate.

Continous checks by the TÜV

Security: TÜV certified data privacy

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The customer using DIRECTebanking.com is insured against online banking data fraud and identity theft cases. The insurance company is one of the largest German bank insurance corporations.

Buyers are insured up to 5.000 EUR per individual case. 5.000 EUR normally corresponds to the maximum amount transferable per transaction number (TAN).

Insurance against data fraud

and identity theft

Security: insurance against identity theft

§§

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We closely work together with the European market leader of customer protection programs Trusted Shop

Therefore in many shops, buyers paying with DIRECTebanking.com are protected in case merchants do not deliver goods.

More information here:www.trustedshops.com

Security: money back guarantee for buyers

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Country Status

Germany Live since 2005

Austria Live since 30.11.2007

Switzerland Live since 01.08.2008

Netherlands Live since 15.01.2009

* UK Going-Live: April / May 2009

* Belgium Going-Live: May / June 2009

* France Going-Live: July / August 2009

Poland Going-Live: September 2009

Nordics Going-Live: October 2009

Spain Going-Live: December 2009

USA Going-Live: 2010

vis

ion

European expansion plan (status 05.03.2009)

OneOne harmonized, harmonized, internationalinternational online banking transfer system online banking transfer system offering a offering a gateway to the local online bank gateway to the local online bank

accountaccount

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How are we entering the Dutch market?

Work with existing eCommerce customers from other countries. Best known in the Netherlands:

Start cooperation with leading Dutch payment service providers to facilitate integration. Already live or signed:

(Live)

(Live) (Live)

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How are we entering the Dutch market?

Open an office in the Netherlands (Amsterdam) with Dutch business development, customer care and integration support managers.

Presentation of DIRECTebanking.nl in leading eCommerce magazines, forum, blogs and on the most important eCommerce events in the Netherlands.

Direct approaches to Dutch merchants, payment service providers, banks and service companies within the Dutch eCommerce industry.

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Benefits : why DIRECTebanking.nl?

DIRECTebanking.nl costs less than competitors.Standard fees for Dutch retail merchants:

• 1% or 50 Cent per transaction• 39.90 Euro setup fees

• 4.90 Euro monthly maintenance fees

• No further costs

• Free support

We award innovative partners helping us entering a new market

More information on www.directebanking.nl/kosten

Save money!

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DIRECTebanking.nl is easy to integrate.• We work together with leading payment

service providers.

• We offer standard plugins for over 80 shop systems such as:

More information on www.directebanking.nl/installatie

Easy integration

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Customer reach in million online banking users

0.0

20.0

40.0

60.0

80.0

100.0

Netherlands (competitor) DIRECTebanking.nl today DIRECTebanking end of 2009

Mio

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line

ban

kin

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sers

Netherlands Germany Switzerland Austria UK Belgium France Norway Sweden Denmark Poland Spain


DIRECTebanking.nl reaches a lot more customers and helps increasing your revenue.

International= more revenue!

• Reach 47 Mio. instead of 9 Mio. potential customers today!

• By end of 2009 we will reach over 90 million customers

• We will reach approx. 2.5 Mio. flemish speaking customers

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Thank you

& QA Payment Network AG

Fussbergstrasse 1D - 82131 Gauting

Andrea AnderheggenChief Operating OfficerTel: +49 89 20 20 889 14Email: [email protected]

Documents

Seite 1 ePAYMENT - NEXT GENERATION NEXT GENERATION E-BANKING Independent direct payments Cooperating with leading Dutch Payment Service Providers Online