The bank-centric

Identity Trust

Framework

FACTSPPI

Who we are

Prime supplier of cash management and accounting SW for >$20B of family assets

50 yrs. servicing HNW community in 2015

Full service bank – 158 Years – $6B

Among top banks in profitability

Out-of-Band-Authentication patents

Serving 3 of top 5 eCommerce brands

and >20 of the top 40 banks

Large payout network in Latin America

Ground-breaking payee benefits

Proven

VIRAL

COMPLIANT

OPERATING

SIMPLE

NORTH AMERICA

NORTHAMERICA

NORTH AMERICA

Problems

Who's my identity bureau on the Internet?

Bank

A

Bank

C

Bank

B

ACH, IBAN & Debit Nets

ATM

BankCards

Cash

Checks

Who's willing to vouch for me to third parties?

What does a bank need from me so I can get started?

Yes

No

BankRegistered?

accelerates migration to electronics by lowering

transaction risk

On-Bank

Off-Bank

Security level

High

Low

$50B

$16B

$ 9B

High Transfer cost Low

High Value Payments Small Value Payments

Traditional Payment Nets Internet Mobile

> $1,000✓ < $1,000

Gaps

Protected

Solution

Public deposit-only epayment addresses

Only accredited entities can register participants

Registry NEVER knows final destination account numbers

An Identity Attribute Registry

Solution

Security enhanced by eliminating intermediaries

Public Attributes

Greenlist® provides:– Consumers’ highest level of account security

– Legal protection with consumer “opt-in”

– Support for consumer privacy

– Faster deposits and quicker access to cash

Private Attributes

Public Identifiers Routable, Publicly Discoverable ePayment Addresses Privacy Protection

Name Customer and/or Bank Supplies a.k.a. UPIC or LCA-ACH Bank Account Number

City Proxy and/or VISA Supplies "Masking/Tokenized" PAN Personal Account Number "PAN"

Mobile Phone Number 1-630-880-0873 071000505 - 1348098709071000505 - 1344230947

Nickname: "MyGreenlistID" (Next Banking Day)Receiver’s Greenlist ID Pedro@gmail.com 123456-123456789012-1

123456-493847605942-4(International: Linked Sender’s Greenlist ID) P-24-0598234-059843 (Instant Class of Service)

Relying Parties only receive PII that consumers wish to

have divulged about themselves

Global reach

JAPAN

PHILIPPINES

PAPUA

NEW GUINEA

AUSTRALIA

NEW

ZEALAND

UNITED STATES

OF AMERICA

CANADA

ALASKA (USA)

MEXICO

COLOMBIA

VENEZUELA

BRAZIL

PERU

BOLIVIA

HONDURAS

NICARAGUA

ECUADOR

GUYANA

SURINAME

FRENCH

GUIANA

COSTA RICA

PANAMA

GUATEMALA

CUBA

PARAGUAY

ARGENTINA

URUGUAY

CHILE

GREENLAND

ICELAND

REPULIC OF

IRELAND

NORWAY

SWEDEN

FINLAND

DENMARK

ESTONIA

LATVIA

LITHUANIA

POLAND BELARUSGERMANY

CZECH

REPUBLIC

NETHERLANDS

BELGIUM

FRANCE

SPAIN

PO

RT

UG

AL

SWITZ.

AUSTRIA

SLOVAKIA

HUNGARY

ROMANIA

BULGARIA

ITALY

UKRAINE

TURKEYGREECE

SYRIA

IRAQ

SAUDI

ARABIA

YEMEN

OMAN

UAE

EGYPTLIBYA

ALGERIA

MOROCCOTUNISIA

WESTERN SAHARA

MAURITANIA

MALI

NIGER CHAD

SUDAN

ETHIOPIA

SOMALIAUGANDA

SENEGAL

GUINEA

LIBERIA

COTE

D’IVOIRE

BURKINA

GHANA

NIGERIA

CAMEROON

CENTRAL

AFRICAN REPUBLIC

GABON CONGO

DEMOCRATIC

REPUBLIC OF

CONGO

KENYA

TANZANIA

ANGOLA

ZAMBIA

NAMIBIA

BOTSWANA

ZIMBABWE

REPUBLIC

OF SOUTH

AFRICA

MADAGASCAR

RUSSIAN FEDERATION

KAZAKHSTAN

GEORGIA

IRAN

UZBEKISTAN

TURKMENISTAN

AFGHANISTAN

KYRGYZSTAN

TAHKISTAN

PAKISTAN

INDIA

CHINA

NEPAL

MYANMAR

THAILAND

SRI

LANKA

MONGOLIA

NORTH

KOREA

SOUTH

KOREA

TAIWAN

CAMBODIA

LAOS

VIETNAM

MALAYSIA

INDONESIA

UK

Target Countries for Licensing

BANCwire License Coverage

Patents Issued

Source:

Patent and license coverage

Patents Pending

Business Model

• User-asserted Privacy Preferences

• Hardware-authentication Linkage

• IDP provenance and liability for registrant data

• Transaction-based income for Identity Providers (IDPs)

• Based on revenue share of Relying Party fees

• Authoritative Parties deploy sub-root registries that are synchronized

• RP click fees logged, reported, aggregated

• Open Systems Architecture – API

Unique qualities of Greenlist Business Model

PAIN

SMALL BUSINESSES Cashiers checks inconvenient & exposed

to ACH and check fraud, International ACH has issues

Non-bank alternatives expensive

40% SMBs do not accept plastic

BANKS Card compromises nightmare

Cashiers checks issuance & processing $

Counterfeit fraud losses

Customer loss to instant payment banks

BANKS Earn fee new income

Turn regulatory burden into revenue

Very little capital required

Trademarked service enhances brand

SMALL BUSINESSES Reduce check & ePayment fraud

Save money

Faster more convenient access to cash

Eliminate card compromises

BENEFITS

CONSUMERS Digital Noise – Coupon Spam

Privacy concerns – Facebook Fatigue

Too many useless mobile apps

CONSUMERS Apps that “watch your back”

Save money & faster access to cash

Eliminate privacy compromise

Answers

PUBLICLYDISCOVERABLE

ePAYMENTADDRESSES!

Why

MANY REASONSWHY WE NEED

Paypal & Western Union

Profits

Banks’

Non-InterestIncome

Electronic payroll

deposits to banks

The CFPB challenges banks to do

better

BACKGROUND

REASONS

Opportunity

FFIEC

LAYERED

WANTS

PROTECTION

Regs drive banks

1

DODD-FRANK 1073

IDENTITY

REQUIRES

PROOFING ANDTRANSPARENCY

US regs lead

1

NOW BANKS

THEIR KYC

MONETIZE

INVESTMENT

Banks crave NII

1

WHATCUSTOMERS

ACTION

BANKS NEED TO TELL

TO TAKE

Sell services

BANKS

EARNYOU THE MOST MONEY

WHEREVER, WHENEVERHOWEVER YOU SHOP

Message

SIMPLE

IDEASLIKE

REBATES

Why we care

2

RECEIVE

MONEYTRUSTEDDIRECTLY TO YOUR

BANK ACCOUNT

Message

DATA

PLUSUSE

= SECURITY

MINIMIZATION

LIMITATION

How

3

BANK-CLASS

IDENTITYSAFEGUARDS

PROTECT YOU

BY DESIGN

Best of breed

4

BANKSAT THE CENTEROF CUSTOMERS’FINANCIAL LIVES

When if not now?

5

GREENLISTKEEPS

Income for Identity Attribute Providers

Governments: systemic compliance– Identity verification and AML reporting

– Correlated transit activity

– Correlated Foreign Exchange activity

Banks: increase Non-Interest Income (NII)– KYC leveraged as competitive advantage

– Improved ROA of Payment Networks

– CRA Credits earned

– Reduced Relying Party Risk

Summary

Globally consistent identity trust agreements

IdentityAttributeProvider

RelyingParty

TrustTrust

Consumers: a safer way to pay– Security and privacy protection by design!

– Actual Account numbers NEVER disclosed to merchants or networks

– Rebates paid instantly when consumers purchase certain goods and services

Merchants: instant loyalty reward delivery– No systemic chargebacks

– No repudiation due to lack of authorization

– Increased shopper frequency and spend

For more ways to harness the power of Greenl ist ® to create world-changing ident ity appl icat ions based on bank trust, visit : www.paymentpathways.com

robrien@paymentpathways.com

312-346-9400