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Person To Business Payments On The Web
 

Person To Business Payments On The Web

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    Person To Business Payments On The Web Person To Business Payments On The Web Presentation Transcript

    • PERSON TO BUSINESS PAYMENTS ON THE WEB PRESENTATION TO TREASURY MANAGEMENT ASSOCATION OF CANADA VANCOUVER, BRITISH COLUMBIA 24 JUNE 2005 THE CANADIAN SOLUTION
      • MESSAGES
        • This is the Canadian solution
        • INTERAC Online is not debit
        • eCommerce in Canada is real
        • Consumers see value
        • Merchants see value
        • Roll out just started
      • PRESENTATION CONTENT
        • Acxsys Corporation Background
        • Industry Background
        • The Solution
        • Value Proposition
        • Project Timelines
    • ACXSYS COPORATION
      • Formed in 1996 and owned by:
      • The architects of INTERAC Association
      CREDIT UNION CENTRAL OF CANADA
    • ACXSYS COPORATION ACXSYS INTERAC ASSOCIATION FUTURE PARTNERSHIPS ROYALTY-FREE FOR-PROFIT SERVICE PROVIDER BUSINESS DEVELOPER CORPORATION BRAND IMN LICENSOR OWNER
    • NEW BUSINESSES
      • Cross Border Debit
      • INTERAC Email Money Transfer Service
      • INTERAC Online
    • GROWTH IN INTERNET SPENDING Source: Statistics Canada
    • WHERE ARE THEY BUYING
      • Travel
      • Consumer Electronics
      • Home Products
      • Apparel
      • Computer Hardware / Software
      % of Total 1 14% 13% 13% 11% 9% 1. Source: Forrester Research, October 2003
    • CANADIANS USE DEBIT MOST Source: Bank of International Settlements
    • THE COMPETITION
    • DIFFERENCES
      • Real time
      • Automatic re-direct back to merchant
      • Ubiquitous INTERAC-branded service
    • INTRODUCING INTERAC ONLINE
      • A new online payment service that allows consumers to pay for goods and services on the Internet directly from their bank accounts
      • Alternative to existing payment options
    • SERVICE TOUR www.interaconline.com
    • RELATIONSHIP MODEL Consumer Financial Institution Acquirer
    • INTERAC DIRECT PAYMENT VERSUS INTERAC ONLINE FACTOR SERVICE PROVIDER COST vs. PRICE AUTHENTICATION HARDWARE LIABILITY FOR FRAUD
      • INTERAC Direct Payment
      • INTERAC Association
      • Non-profit / 3B txn
      • Card & PIN
      • Terminals / PIN Pads
      • Voluntary DCCP
      • INTERAC Online
      • Acxsys
      • For profit / ? txn
      • Login ID & Password
      • None
      • Mandatory DCCP
    • CONSUMER VALUE
      • Canadians spent $3B+ on Internet shopping in 2003 1
      • 75% of these shoppers indicate concern about Internet transactions 1
      • 73% of online shoppers or online bankers are interested in the service 2
      • Provides options 2
      • No need for parent’s credit card 2
      • No need to worry about debt 2
      • Source: Statistics Canada, September 2004
      • Strategic Counsel, October 2004
      KEY DRIVERS
      • Security
      • Freedom
    • MERCHANT VALUE
      • Enhance current eCommerce strategy
      • No authentication requirement
      • Leverages existing eCommerce investment
      • Help SME compete
      • New revenue stream
      • GOOD FUNDS MODEL
    • COST OF NO GOOD FUNDS MODEL Source: Cybersource, September 2004
    • VALUE OF GOOD FUNDS MODEL Source: Cybersource, September 2004
      • PROJECT STATUS
    • ISSUER ROLL OUT SCHEDULE Mar Apr May Jun July Sep Oct Nov Dec 2005 RBC Royal Bank Scotiabank BMO TD Canada Trust Aug
    • ACQUIRER STATUS
      • Two Acquirers signed
      • Three Acquirers receiving inquiries from merchants and third party providers
    • COMMITTED MERCHANTS … many more on the way!
    • CONSUMER MARKETING ACTIVITIES Phase 1: Back to School Campaign Phase 2: Holiday Season July Sep Oct Nov Dec 2005 Aug
    • MESSAGES RECEIVED ?
        • Unique Canadian offering
        • Not debit as we know it
        • Canadians are buying online
        • Value exists
        • It’s not too late to participate
      • Barry Campbell
      • Director, Business Development
      • Acxsys Corporation
      • (416) 869-5093
      • [email_address]
      • www.interaconline.com
      QUESTIONS?