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Overview & User Applications June 12, 2015
SugaPay “The Sweetest Way to Pay”
www.sugapay.com facebook.com/.sugapay
SugaPay is value that is safer than cash, easy to use, available to everyone and can be managed online or using via a mobile device.
Transacting Channels: Cards - POS/ATM/Online Acceptance
Mobile – Device 2 Device Transacting (P2P/P2G/G2P, etc.)
eCommerce & gCommerce - Online Services
API Integration – System2System or Service2Service
Unlimited Applications …
What is SugaPay?
www.sugapay.com
ConsumersA new, safe, convenient, interest free, low cost method of storing value and managing an individual’s payment needs using a prepaid card, a mobile device and/or an online portal. Simply LOAD & Use!
MerchantsAn efficient, multifaceted, mobile method of accepting payments that is less costly than the
traditional, provides for real-time funds validation, increases walk-in and online customer activity and provides a safer and more efficient method of managing our business.
What is SugaPay?
www.sugapay.com
Major Benefits Simple Registration Process Simple Fee Structure Lowest Maintenance/Services Fees Security of not carrying cash Convenience of Add-On Services Administration via Mobile or Online Interfaces Mobile Device Neutral & Financial Institution Neutral Optional SMS Receipts and/or Email Alerts Loyalty Services, …
for Consumers
www.sugapay.com
Card Options (Current & Future)Prepaid Debit
Limited Life [ ~ 2 Years ] Gift - Single or Multi-Load options Instant Issue Model Single or multi-currency EMV (Smart Chip) Contactless
Card Usage Purchases via POS/mPOS
Supported ATMs Online [Local, Regional & International Q3 2015]
for Consumers
www.sugapay.com
SugaCUBE mPOS
Financial Eco System
Funds In: Funds Out:
Balance Inquiry
Activity InquiryAccount
Management
GPC enabled Portals(Money & Account
Management)
Merchant Management
DirectDeposit
Payments
Payments
Remittances From
(Family & Friends)
Transfer from Bank Account
In-Bank Branch Loads
Merchant Location Loading
DirectDeposit
Loan Proceeds
Purchases
Pay a Merchant
Remittances To(Family & Students)
Transfer To Bank Account
In-Bank Cash Advances
Merchant Location Cash
Outs
ATM Withdrawals
Loan Payments
Bill Payments
Cell Phone Top Ups
eCommerce
POS Purchase
mCommerce
gCommerce
ActivityAlerts
POS/ATMAlerts
FI’s Integration
Platform
www.sugapay.com
Fund Flows/Reconciliations
Major Benefits Efficient Registration & Setup Processes Lowest Cost Merchant Acquiring Solution Exact Value Purchasing – No Change Float Mobile App with Zero cost of ALL updates Unrivaled Mobility and Fully Portable system 1st Tier State-of-the-Art Technology – Cutting Edge Complete Electronic Audit Trail of Activities Full Merchant Reporting & Reconciliation service Standard POS terminals (wireless)
for Merchants
www.sugapay.com
Major Benefits In-App Push-Marketing Opportunities (coming soon) Flexible & Scalable Loyalty Programs available Flexible EOD ProcessTimely Settlement (VISA/MC can be a week or more)
Zero Risk of Bounced Cheques Less Cash to Reconcile & Reduced Fraud Internal Fraud Highly Secure Plethora of Unit Lease/Ownership models Access to Experienced & knowledgeable Personnel Data Exportable to Merchant’s Accounting system
for Merchants
www.sugapay.com
Highly Competitive Merchant Discount Rates (MDR) Less than HALF of VISA/MasterCard rates
Flexible Settlement Cycles To SugaPay Merchant Account To Bank Account – a bit more timely (fees vary by Bank)
Merchant Tailored - End of Day Capability
Multiple SugaCUBE Ownership/Rental Models Includes Smart APP Outright Purchase Lease to Own Month to Month Rental
Fees & Settlement
www.sugapay.com
Our Initial Offering Merchant Acceptance System – SugaCube
Android
IOS (Apple)
Consumer Account
e-Account / e-Wallet
Card
Electronic Transaction Receipts
Consumer Smart App
www.sugapay.com
Initial Offering
Back Office Customer Service Support Access to Customer Service Agents 24/7 Monitoring & Reporting support services Merchant Support for Technical Issues
ATMs Access for Cash Out needs Island-wide rollout imminent, Regional rollout - phased
Business Back Office Additional Consultative Support
Business Technical
Support Services
www.sugapay.com
Controls: Centralized system logic – ‘Rules Engine’
Transaction Blocking Multi-Level Limit & Fee Structures Dispute management Event Logging/Change Logging KYC – setup/graphic uploading AML/ATF
OFAC World Compliance Open Ended capability for system ‘bolt on’
Postilion Back Office/Reconciliation Built in and Ad hoc Report generation Exception reporting/alerting Portal Authentication 5-point Fraud Guard System
Control Systems
www.sugapay.com
Applications For the Unbanked For SMEs/General Business/Fis Shopping Online (UPI)
For gCommerce For Insurance (Premium Collections/Settlement Payments/Real-Time Commissions Allocation)
For Events For Benefit Payments (MedBen/School Meals/Travel Allowances)
For Fleet Management For Payroll For eCommerce For Credit Unions (Expanding Product/Service Offering)
For Tax Collection For Bill Payments (Hire Purchase/Recurring Pmts/School Fees …)
Not For Profit (Churches – Collections/Tithing/Special Projects)
For Remittances …
The Ideal Cash Alternative
www.sugapay.com
Card(s)
Gov’tGov’tConsumer BConsumer B
P2PTransfers & Remittances
PrivateBusinessPrivate
BusinessFI’sFI’s
Account TransfersLoan Payments
BENQ
ATM WithdrawalsCash Advances
Account TransfersMicro-Loan Disbursments
Payments [G2G]& Taxes [P2G]
Payroll [G2P] & Payments -
Benefits, Goods &Services (G2P]
Bill Payments [P2B]B2B Payments
Payroll [B2P]Payments [B2B]
eAccount(s)
Consumer AConsumer A
Transfers Transfers
www.sugapay.com
SugaPay is for All Sectors
Public Sector - eGoverment Equally:
Multifaceted Convenient Efficient Mobile Less Costly Safe
Greater emphasis on: Scalability Ease of Connectivity to External Systems - System Agnostic
FI Neutral (Bank, Credit Union, Card Assoc., Other)
for Public Sector
www.sugapay.com
No. Process Description Application 1. B2P Business to Customer/Person/Cardholder Card, Wallet, Virtual Cards, Alert, Mobile-
Internet- Banking Portals, Transfers, BillPay, Tax Acceptance, Payments capture, Ecommerce, Benefit Payments, Payouts, Payroll, Travel, Interest Bearing, Loyalty, Agent Processing & Commissions
2. B2B Business to Business Card, Virtual Cards, Wallet, Alert, Mobile & Internet Back-office/Portals, ASP Processing services, Transfers, Bill-Pay, Fleet Mgmt, A/P and A/R management, payments capture, Ecommerce, MCommerce, Agent Processing & Commissions
3. P2P Person to Person Card, Virtual Cards, Wallet, Alert, Mobile, Internet Portal, Remittances, Billpay, TopUp, MCommerce, Barter,
4. B2Sys Business to System ASP Processing, E-Government, Transaction Switching, ATM Capture, POS Capture, Mobile Payments Capture, Merchant Alerts, Banking alerts.
5. P2Sys Person to System Portals, Banking/Transaction Alerts 6. Sys2Sys System to System ASP Processing, E-Government, Transaction
Switching, Central ATM Networking, Central POS Networking,
Private Sector Applications:
www.sugapay.com
can be Used for …
Public Sector Applications … Groupings:No. Process Description Service Application 1. P2G Customer/Person/Cardholder to
Government Inward payments – Payroll deductions, Income Tax, Property Tax, Embarkation Tax, Duties, Levies, License Collection, Allowance Management, …
Card, Wallet, Virtual Cards, Alert, Mobile-Internet- Banking Portals, Transfers, BillPay, Tax Acceptance, Payments capture, e-Cheque capture, Ecommerce, Payouts, Payroll, Travel, Interest Bearing, Loyalty, Agent Processing & Commissions
2. B2G Business to Government Social Security, Medical Benefits, Education Levy, PIT – Payments, Customs Duties, Road Tax, Permits, Filings, Licenses, Fleet Management, …
Card, Virtual Cards, Wallet, Alert, Mobile & Internet Back-office/Portals, ASP Processing services, Transfers, Bill-Pay, Fleet Mgmt, A/P and A/R management, payments capture, Benefit Payments, Ecommerce, MCommerce, Agent Processing & Commissions
3. G2G Government to Government Intra Gov’t office activities, Inter-Gov’t Office Activities - Finance, Planning, Statistics, , …
Card, Virtual Cards, Wallet, Alert, Mobile, Internet Portal, Remittances, Billpay, TopUp, MCommerce, Barter, …
4. G2Sys Government to System OECS , ECCB, IMF, USAID - reporting, collaboration; Health, Education, Insurance claims processing …
ASP Processing, e-Wallet Commerce, Transaction Switching, ATM Capture, POS Capture, Mobile Payments Capture, Merchant Alerts, Banking & Transaction Alerting.
5. G2P Government to Person Government Payroll, Benefit Payments, Tax Refunds, Travel, …
Portals, Banking/Transaction Alerts
6. G2B Government to Business Procurement, Tax Refunds, 7. Sys2Sys System to System Inter-Connect – OECS Switch, Caribbean
Switching, … ASP Processing, E-Government, Transaction Switching, Central ATM Networking, Central POS Networking,
www.sugapay.com
can be Used for …
e-Gov. Collections Model
Acceptance
Registries
Inland Revenue
Ports
Ministries
Treasury
Processing &Reporting
Control Systems
ConsumerConsumer
BusinessBusiness
GovernmentGovernment
AcceptanceChannels
Statutories
Other
Customs
Immigrations
MCommerce
ECommerce
POS
E-Cheque and e-
Document Capture
Control Systems
Processing &Reporting
www.sugapay.com facebook.com/.sugapay
Specific Public Sector Uses for SugaPay:
Collections (Online & Walk in)
Payments for Land Registry Services Online Courses/ Usage of on-Campus facilities (e- Education) Tax/Contribution Collections Management
Inland Revenue Department Social Security Med Benefits Board of Education Customs Immigrations
…
can be Used for …
www.sugapay.com facebook.com/.sugapay
Specific Public Sector Uses for SugaPay: Payments
Payroll, Pensions, Stipends & Benefit Payments;
Micro Lending (ABDB) - Personal & SME development
Travel Allowance Management
Fleet Management (Utilities/Public Works,…)
Payments to Suppliers;
Emergency Relief Distribution;
Education (School Meals, Uniform Allowances,…)
Transportation (School bussing, Fleet Mgmt.,)
Public & Smart-Health Services (Med.Ben) - Reimbursements
can be Used for …
www.sugapay.com
Is being Used to …
www.sugapay.com
Some Public Sector Spin-Offs from SugaPay:
Economic Growth-based Control Systems Improved Transparency Better Cost and Fraud Control Improved Compliance Increased Cash Flows Increased Efficiencies in Budgeting, Reporting &
Reconciliation Data-Mining Statistics Inter & Intra Department/Ministry Payments & Collaboration; …
facebook.com/.sugapay
e-Government. Ecosystem
Payments
Registries
Inland Revenue
Ports
Ministries
Treasury
Processing &Reporting
Control Systems
ConsumerConsumer
BusinessBusiness
GovernmentGovernment
AcceptanceChannels
Statutory
Other
Customs
Immigrations
MCommerce
ECommerce
POS
e-Cheque & e--Document
Capture
PaymentsGov’t
Pensions
Inland Revenue
Other
Statutories(MedBen, Soc,Sec)
Treasury
Cards
E-Wallet
s
PaymentsChannels
Ed. Levy(Scholarships)
PDVCaribe
Procurement
Fleet Management
Processing &Reporting
Control Systems
Closed Loop
www.sugapay.com facebook.com/.sugapay
Loyalty Programs Consumer Merchant
Anti-Fraud/Anti-Money Laundering Systems Pre & Post transaction analysis & Blocking Loading & Velocity Limits Fraud Analyzer – Rules Based Risk Scoring Engine
Periodic New Service Rollout Branded Cards (UnionPay International) Branded Card Acceptance (VISA, MasterCard, UPI) Bill Payment Mobile Top-up … NFC/Contactless Payments
This is Just the Beginning …
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Thank You
Questions
Improved Efficiencies
Better Controls
Increased Profitability
www.sugapay.com facebook.com/.sugapay
www.gpcantigua.com
Reporting
2. Batched LoanKYC & Loads
BusinessBusiness
GovernmentGovernment
BatchedNET Payroll File
(Direct or Via Bank)
MCommerce
ECommerce
TransactionAuthorizationProcessing
Payroll Load Funding
$Consumer
ConsumerConsumer
3. Card Usage @Card Acceptance Points
1. Micro-LoanApplication/Origination
Settlement Payroll LoadsDR Client A/cCR Card Settlement A/c
Card UsageDR Settlement A/cCR Merchant or Clearing A/c
Loan Payout on CardDR Bank – AdvancesCR Card Settlement A/c
Portal Access
Loan RepaymentDR Card Settlement A/cCR Bank - Advances
Expanded ATM Fleet
Low Cost/Mobile Enabled POS
Loan Servicing
Load $
Card Fulfillment
Credit UnionOr Bank
Credit UnionOr Bank
Payroll