GATE

G lobal A utomated T ransactioning E nvironment

The G.AT.E. Corporation’s purpose is to become the first mover to discover, develop, and deploy a new globally based financial transactioning environment. Primarily this will include the creation of a protocol and network to substantially change the way the world considers and conducts financial transactions by providing an alternative system to the current and antiquated banking systems (ACH & FedWire), that is innovative, secure, immediate, and a globally transactioning network infrastructure. Executive Summary With over 16 billion ACH and 132 million FedWire transactions in the United States alone, the industry yields approximately $1.1 billion in fees. The G.AT.E. Corporation’s desire to capture a global market implies an annual potential market revenue of over $10 billion in fee-based revenue alone.

Prior to 1974 Bank Bank Funds are transferred from one bank to another by physical transportation

The Year 1974 Bank Bank An electronic network is created Funds are transferred from one bank to the Federal Reserve then to another bank upon its request electronically via ACH (Automated Clearing House) FedWire (Wire Transfers) Federal Reserve pull pull

Today’s Transactions Bank Bank Funds are electronically transferred from one bank to a middle-tier vendor (ACH Operator) offering additional features then to another bank upon its request electronically via ACH (Automated Clearing House) FedWire (Wire Transfers) Federal Reserve ACH Operator pull pull pull

W hat’s W rong W ith T his S ystem ?

Current Limitations Bank Bank Funds are transferred from one bank to another electronically via ACH (Automated Clearing House) FedWire (Wire Transfers) Federal Reserve ACH Operator ,[object Object],[object Object],[object Object],[object Object],Because banks pull their transactions at undetermined times, transactions are not able to be completed and are delayed causing overdrafting, security, and administrative risks Because different nations utilize different transaction networks, further delay, redundancies, and costs are perpetuated Because of middle-tier vendors and transaction delay banks are required to create data redundancies adding to security risk, inaccurate data, and additional administrative overhead Because banks are dependent upon middle-tier vendors to quicken the ACH process vendors are able to inflate costs to the banks as desired

A n E lite A lternative: P ush D on’t P ull

Tomorrow’s Transactions Funds are transferred in real time from one bank to another, while being monitored for security, exchanged, and immediately dispersed Int’l Bank push push push Bank Bank Federal Reserve ACH Operator pull pull pull (ACH NETWORK) (OUTSIDE THE ACH)

S o W hat M akes G . A . T . E . T he E lite A lternative ?

G.A.T.E. Advantages ,[object Object],[object Object],[object Object],[object Object],Any approved participating bank anywhere in the world will be able to seamlessly utilize the G.A.T.E. Network. The G.A.T.E. Network will also provide XML API standards allowing for potentially limitless market growth and innovation for vendors to easily add new features and value In keeping with Offices of Foreign Asset Control, the G.A.T.E. Network will manage and monitor that all transactions are compliant with the originating and receiving nations’ requirements The G.A.T.E. Network will manage transactions, exchanging them to the given rate of the destination country on-the-fly Banks belonging to the G.A.T.E. Network can transact in real time with participating banks, transactions are reconciled and posted immediately and completely or not at all

H ow A re W e G oing T o A ccomplish T his ?

Routes to Market ,[object Object],[object Object],[object Object],Approval, and if possible mandates, from State Departments will ensure a greater market acceptance of the G.A.T.E. Network’s utilization since this will substantially reduce overhead and risk for both state departments and financial institutions who transfer funds across national lines We will bring three or more of the top-five financial institutions to establish a joint venture development, testing, and utilization of our network The G.A.T.E. Network’s services will most closely resemble the immediacy of a “wire transfer” and may be more readily accepted as a replacement for this service, especially considering the tremendous personnel and cost reduction this would provide

The G.A.T.E. Team ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],(Advisors) ,[object Object]

Tier One: Financial Institutions push push Bank Bank Tier One participants (financial institutions) must meet required G.A.T.E. Network standards to qualify. Revenue is generated through per transaction fees

Tier Two: Merchant Resellers push push Bank (3rd Party Recipient) Bank ( Merchant ) Merchant (MoneyGram, Paypal, VISA, ADP, etc.) Customer Tier Two participants will serve as intermediaries for customers who want to send funds via the G.A.T.E. Network. Revenue is generated through the Merchant with per transaction fees

Tier Three: Point-of-Sale Bank ( Customer ) Bank ( Merchant ) Merchant (Starbucks, McDonald’s, etc.) Customer (POS) Revenue for Tier Three participants is generated from customers with a per transaction fee

W ho’s T he C ompetition ?

The Competition Tier One (Financial institutions) Tier Two (Merchant Resellers) Tier Three (Point-Of-Sale) ,[object Object],[object Object],[object Object]

L et’s T alk N umbers . . .

GATE

Recommended

Recommended

More Related Content

What's hot

What's hot (12)

Similar to GATE

Similar to GATE (20)

Recently uploaded

Recently uploaded (20)

GATE