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Tyfone   Next Gen Mobile Financial Services
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  • 1. NEXT GEN Mobile Financial Services BANKING :: SECURITY :: NFC :: RETAILconvergence multi mobile idonline-offline platform secure elementhardware-software device neutral issuer © 2011. TYFONE INC. PATENTED OR PATENTS PENDING. CONFIDENTIAL.
  • 2. mobile financialservices requirements © 2011. TYFONE INC. PATENTED OR PATENTS PENDING. CONFIDENTIAL. PAGE: 2
  • 3. TYPICALMobile Consumer… HOW SECURE IS IT? CAN ITAP THISCOUPON? WHAT IS MY BALANCE? US - GEN Y WHO 90% have PC OWNS MY 90% have mobile phone and/or tablet WALLET? 50% have internet on mobile 80% of top experience choices are tech driven © 2011. TYFONE INC. PATENTED OR PATENTS PENDING. CONFIDENTIAL. PAGE: 3
  • 4. 2011 NEW COMPUTING DEVICE GLOBAL SALES 1 375 million 50 million 390 million Increasingly mobile world MULTIPLE OS platforms CONSUMER Smartphones and tablets on the rise MULTIPLE device form factors EXPERIENCE Increasingly connected world 2 BILLION people on internet 2 DRIVEN © 2011. TYFONE INC.[1] Deloitte [2] Internetworldstats.com PATENTED OR PATENTS PENDING. CONFIDENTIAL. PAGE: 4
  • 5. ALWAYS ON……………… MOBILE ONLINE FIN SRVS Mobile enables ALWAYS ON YOU ………MOBILE OFFLINE @ POS COMMERCE Convergence Note: NFC enables communication. Secure element enables POS payments. Secure element ownership is key for NFC. of people will be is how much your of retail commerce happen managing finances via online commerce online3. Offline @ POS is 95%. mobile by 20201 identity is worth2 Mobile converges 100% Informational services are necessary SOFTWARE platform BANKING :: RETAIL Mobile ID needs strong authentication HARDWARE secure element SECURITY :: NFC © 2011. TYFONE INC.[1] Future Foundation, 2009 [2] Bloomberg Businessweek, 2010 [3] US Census Bureau, 2011 PATENTED OR PATENTS PENDING. CONFIDENTIAL. PAGE: 5
  • 6. Current Gen Next Gen CONSUMER’S WALLET paid for by consumer contents decided by consumer owned by consumer ID SOLN / PLASTIC online banking access OFFLINE driver’s license Transactions membership cards owned by issuer ONLINE Transactions Y PAYMENT PLASTIC PERSONAL ARTIFACTS credit accounts photographs debit accounts passwords prepaid accounts ONLINE & OFFLINE owned by consumer owned by issuer CONVERGENCECURRENT GEN NEXT GENWallet = Offline, PC = Online MOBILE must support online – offline convergenceConsumer has multiple cards MOBILE WALLET must support multi-issuerWallet is consumer owned MOBILE SECURE ELEMENT must be neutral © 2011. TYFONE INC. PATENTED OR PATENTS PENDING. CONFIDENTIAL. PAGE: 6
  • 7. DEVICES TECHNOLOGY CONVERGENCE multiple form factors software for information services multiple operating systems hardware secure element for single user with multiple devices strong auth & NFC SECURE ELEMENT USE CASE CONVERGENCE is the electronic wallet mobile online commerce consumer owned & likely pays for itmobile NFC offline @ POS commerce multi-tenant needs secure element issuer neutral EXAMPLE USE CASES mobile banking / retail software only online mobile biz banking w/ secure / strong auth software + hardware offline mobile NFC tap and pay @ POS (needs secure element) © 2011. TYFONE INC. PATENTED OR PATENTS PENDING. CONFIDENTIAL. PAGE: 7
  • 8. Owns SIM secure element Owns embedded Carriers secure element Device Payment makers Assn Will prefer & Chip Issuers + benefit from makers Perso bureau Neutral Secure Could own embedded Element secure element OS/App Acquirers+ vendors MerchantsMobile eco-system stakeholders New revenue opp! Fraud liability?Commerce stakeholders Can own liability! Mobile ecosystem’s intentions?Note: Historically empowering commerce stakeholders with technology to leverage the channel has scaled better. © 2011. TYFONE INC. e.g. 1983 Videotex + AT&T Viewtron (Link) vs. 1995 Web + Amazon PATENTED OR PATENTS PENDING. CONFIDENTIAL. PAGE: 8
  • 9. tyfone’s solution © 2011. TYFONE INC. PATENTED OR PATENTS PENDING. CONFIDENTIAL. PAGE: 9
  • 10. Convenient Secure Element Form Factors with Over The Air Access Mem Card  Mem Card  Mem Card USB  USB  USB  Embedded  Embedded?  Embedded?  SIM  SIM?  SIM?70% of mobile phones have microSD memory slot 180% of tablet models have microSD memory slot 299.97% of laptop/netbook models have memory slot 2 Memory Card (SD protocol, MicroSD SD interface is more open than embedded form factor) is the most common slot or SIM – therefore NEUTRAL cross platform interface. USB is similar but inconvenient in phones © 2011. TYFONE INC.[1] SanDisk [2] cnet.com PATENTED OR PATENTS PENDING. CONFIDENTIAL. PAGE: 10
  • 11. Advantages of MicroSD as the Mobile Wallet Secure Element SIM Slot Hardware Secure Element = Mobile Wallet Embedded Removable / Add-on MicroSD Slot (80% of phones today) MicroSD with Device issuer controlled & managed SIM Issuance management tied to device SmartCard Chip Portability is not possible Single user multi-device not seamless TYFONE Who owns the consumer’s wallet? Consumer owns the wallet Carrier controlled & managed Managed by Neutral Party consumer chooses Portable cross device & easier issuance Wallet Account Issuer Controlled Single user multi-device not seamless Portable cross device and carrier. Easiest issuance management. Who owns the consumer’s wallet? Multi-device single user will be seamlessMicroSD as Mobile Wallet Secure Element enables MicroSD as a Secure Elementcommerce stakeholders to manage their destiny is not a transition technology!Note: Historically empowering commerce stakeholders with technology to leverage the channel has scaled better. © 2011. TYFONE INC. e.g. 1983 Videotex + AT&T Viewtron (Link) vs. 1995 Web + Amazon PATENTED OR PATENTS PENDING. CONFIDENTIAL. PAGE: 11
  • 12. SideTap PRODUCTS microSD PATENTS MicroSD, Mini USB iPhone sleeve (Memory + iPhone sleeve with microSD 5 issued Secure Element) HVM Perso machine slot for SideTap 20+ pending Mini USB SideTap™ Hardware (Memoryu4ia® Software PEOPLE 40+ + Secure Element) Attached to device Client + Server or in key chain SaaS Mobile Banking Silicon Hardware Web Services for OTA Manufacturing Software – Client Software – Server Security + GP Applets + API Go to market PLATFORM PARTNERS © 2011. TYFONE INC. PATENTED OR PATENTS PENDING. CONFIDENTIAL. PAGE: 12
  • 13. Mobile Transaction Authentication MethodsOnline – Software Authentication PC Online – HardwareOnline – Hardware Authentication Authentication Offline @ POS – Hardware © 2011. TYFONE INC. PATENTED OR PATENTS PENDING. CONFIDENTIAL. PAGE: 13
  • 14. Banking System Multi-Mode Setup + Integration Mobile Banking Subscription Fees ONLINE Setup + SOFTWARERetail Integration Mobile Loyalty Transaction AUTH Fees PC / Mobile / Multifactor + Secure Corporate Card + Setup +PCSC Interface on Tablet Secure Online Banking Subscription USB / MicroSD Multifactor ID Transactions Fees Secure Card + ONLINE Merchant Checkout Online Subscription HARDWARE Integration E-Commerce Fees AUTH Engineering Solutions Card + OpenID Secure Subscription Integration SSO Fees Perso/TSM Mobile NFC Perso OFFLINE @POS Platform Contactless m/c Integration Prepaid Topup © 2011. TYFONE INC. PATENTED OR PATENTS PENDING. Card + Setup + Subscription Fees M/C + Lic + AMC CONFIDENTIAL. PAGE: 14
  • 15. Leverage existing connections Tyfone influenced connections  Connection deployed or  Bank Test connection validated Merchant ID  Government ISSUER Corporate Plastic Manufacturer / PERSO M/C    Perso Bureau / TSM SERVER u4ia® Mobile Transaction Platform ONLINE or CLIENTOFFLINE @ POS SideTap™ API / PCSC 3rd Party APPS In-house Client DistributionTRANSACTION  (Wallet/ID) Communication (APP/WEB/SMS) SideTap™ Products MicroSD  Mini USB Sleeves   Perso m/c OTA SIDETAP™ PRODUCTS Prepaid Topup © 2011. TYFONE INC. CONSUMER (OPTIONAL FOR ONLINE) PATENTED OR PATENTS PENDING. CONFIDENTIAL. PAGE: 15
  • 16. Leverage existing connections Tyfone influenced connections  Connection deployed or  Bank Test connection validated Merchant ID  Government ISSUER Corporate Plastic Manufacturer / PERSO M/C    Perso Bureau / TSM SERVER u4ia® Mobile Transaction Platform ONLINE or CLIENTOFFLINE @ POS SideTap™ API / PCSC 3rd Party APPS In-house Client DistributionTRANSACTION  (Wallet/ID) Communication (APP/WEB/SMS) SideTap™ Products MicroSD  Mini USB Sleeves   Perso m/c OTA SIDETAP™ PRODUCTS Prepaid Topup © 2011. TYFONE INC. CONSUMER (OPTIONAL FOR ONLINE) PATENTED OR PATENTS PENDING. CONFIDENTIAL. PAGE: 16
  • 17. Leverage existing connections Tyfone influenced connections  Connection deployed or  Bank Test connection validated Merchant ID  Government ISSUER Corporate Plastic Manufacturer / PERSO M/C    Perso Bureau / TSM SERVER u4ia® Mobile Transaction Platform ONLINE or CLIENTOFFLINE @ POS SideTap™ API / PCSC 3rd Party APPS In-house Client DistributionTRANSACTION  (Wallet/ID) Communication (APP/WEB/SMS) SideTap™ Products MicroSD  Mini USB Sleeves   Perso m/c OTA SIDETAP™ PRODUCTS Prepaid Topup © 2011. TYFONE INC. CONSUMER (OPTIONAL FOR ONLINE) PATENTED OR PATENTS PENDING. CONFIDENTIAL. PAGE: 17
  • 18. Leverage existing connections Tyfone influenced connections  Connection deployed or  Bank Test connection validated Merchant ID  Government ISSUER Corporate Plastic Manufacturer / PERSO M/C    Perso Bureau / TSM SERVER u4ia® Mobile Transaction Platform ONLINE or CLIENTOFFLINE @ POS SideTap™ API / PCSC 3rd Party APPS In-house Client DistributionTRANSACTION  (Wallet/ID) Communication (APP/WEB/SMS) SideTap™ Products MicroSD  Mini USB Sleeves   Perso m/c OTA SIDETAP™ PRODUCTS Prepaid Topup © 2011. TYFONE INC. CONSUMER (OPTIONAL FOR ONLINE) PATENTED OR PATENTS PENDING. CONFIDENTIAL. PAGE: 18
  • 19. m Retail Bankingm Corporate Bankingm Private Bankingm Strong Auth & Access Managementm RemittanceSecure Online TransNFC ID Provisioning Database Credit / Debit Middleware Pre-paid Server and Storage App server u4ia® Mobile Transaction Platform Client SideTap™ API / PCSC Communication (APP/WEB/SMS) SideTap™ Products 3rd Party Secure Mobile App Developers Multi-mode Multi-platform Java Card IdM & OAAM Applets J2ME Java © 2011. TYFONE INC. PATENTED OR PATENTS PENDING. CONFIDENTIAL. PAGE: 19
  • 20. Case Study• Mobile Web represented approximately 50% of all mobile transactions, while SMS and APPs each contributed 25%.• In addition, more than 40% of consumers of informational services use at least 2 out of the 3 modes in any given month.• US: Mid-tier bank and CU focus  100 million user base in US!• Global: Channel partners• Mobile banking users leading to mobile payment deployment. © 2011. TYFONE INC. PATENTED OR PATENTS PENDING. CONFIDENTIAL. PAGE: 20
  • 21. M ulti-platformM ulti-issuerN eutral © 2011. TYFONE INC. PATENTED OR PATENTS PENDING. CONFIDENTIAL. PAGE: 21
  • 22. Competitive Advantages for Tyfone’s MicroSDIn addition augmenting software business model and patent ownership enablesTyfone to pursue licensing of the hardware manufacturing to any memory cardmanufacturer. © 2011. TYFONE INC. PATENTED OR PATENTS PENDING. CONFIDENTIAL. PAGE: 22
  • 23. Corporate HQPortland, OR MANUFACTURING Taipei TAIWAN APAC HQ Bangalore INDIA Tom Spitzer Siva Narendra, Ph.D. Prabhakar Tadepalli Don Bloodworth Carol Grunberg Todd Nuzum Sam Wu Co-Founder Co-Founder Co-Founder Chief Financial Vice President Vice President Vice President Chairman President – NA President – APAC Officer Marketing Technology Manufacturing 25+ Patents 40+ People 2009 u4ia Platform 2010 2009 INNOVATION 2010 WIDEST 10 TRENDS FINALIST SideTapProducts AWARD HANDSET TO SHAPE FINANCIAL COVERAGE © 2011. TYFONE INC. Key Partners SERVICES PATENTED OR PATENTS PENDING. CONFIDENTIAL. PAGE: 23
  • 24. convergence multi mobile idonline-offline device secure elementhardware-software platform neutral issuer © 2011. TYFONE INC. PATENTED OR PATENTS PENDING. CONFIDENTIAL. PAGE: 24