Professional Summary
The Idea is to build A transaction-driven, virally growing Web 3.0 network.
To be the challenger in online payments.
Services portal for business.
Online Electronic Documents.
Finance Management Tools.
Customer centric Products.
MSP Space (Management Service Provider).
Personal Payments:
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Salient Features
Money from Consumer to Consumer
Payments from Customers to principals or from Student to School etc.
Money transfer using email id - Unique identifier for the accounts.
Transfer of Money across distant geographic borders
Uses
Students get funds from parents or lending institutions
Consumers pay Gas Bills, Credit Card Payments, Phone Bills.
Immigrants Transfer Money into receiver’s account in another country
Colleges collect payments from students
Business Payments:
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Salient Features
Money from corporates to customers and other corporates
Business transactions across geographic areas
Data Export, Extraction, reconciliation and reports
Front ending with additional servicing and support
Secure and insured payments
Integration with Legacy Accounting Systems
Uses
Manufacturing Companies can collect payments from dealers
Traders can exchange money with Principals.
Websites pay commission to affiliates
Value Chains (Vertical Markets) exchange payments
Web Cash/Ecash Payments:
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Salient Features
Payments from POS terminals
Purchase transactions across US
Wireless access using PDAs
Secure and insured payments
Intgration with Payment & Legacy Accounting Systems
Uses
C2B POS payments without the ATM or Cash
ATM Free withdrawl of cash.
Bill Payments:
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Salient Features
2nd generation hybrid-operating model - supports Push & Pull
Secure - S/MIME and a secure connection with 128 bit SSL/TLS.
Manage - Complete administrative 'command and control' system
Scale - designed to support millions of users.
Support for multiple payment mechanisms while system is running.
Integration of promotional content with bill message.
Intgration with Legacy Accounting Systems
Uses
Regularly billed Companies collect payments from consumers
Process integration - ESD allow total statement handling
Further marketing & revenue opportunities for Sender.
Value chains provide a universally accessible Invoice