Zipmark product and market overview


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Zipmark Product Overview with Examples of Markets we are working in.

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Zipmark product and market overview

  1. 1. free your moneyWednesday, April 3, 13
  2. 2. 2PaymentsThe Zipmark platform satisfies billers by providing faster, more secure digital check payments with asimpler, lower fee structure.Market Need:Easy eCheck Payments• Reduce cost and risk associated withpayments• Improve cash management formerchants• Inexpensive, clear fee model• No need to store customer financialdata• No additional payment or merchantaccounts• Secure eCheck payment option foreCommerce and e-Billing• API allows realtime integration todigital or print interfaces• Zipmark’s Check 21 compliant solutionis fully aligned with banking securityand privacy norms• One Fee, No Returns: 1% with $5 maxSolution:Zipmark Digital ChecksWednesday, April 3, 13
  3. 3. 3SettlementProcessSecurePaymentManagerCheck 21ComplianteCheckCreationFraud GatewayRisk ManagementAuthorizationPayer initiatestransaction onZipmark appCheck 21 demanddraft submittedACH creditapproved andsubmittedCheck Deposit ACH CreditPayer’s RegisteredBanking InstitutionZipmark Agent Bank Payee’s RegisteredBanking InstitutionPayee receivesfunding messageon Zipmark app4321Zipmark’s secure platform improves the way checking transactions are settled.Wednesday, April 3, 13
  4. 4. 4PaymentRecordUser bank accounts will always display a clear record of Zipmark transactions.• Users see all Zipmark transactions in their existing bank account management websites• Financial management tools such as Mint or Quicken work with Zipmark• Zipmark transactions carry the familiar image of a check, clearly indicating all transaction elements, includingpayee, amount and account numbersWednesday, April 3, 13
  5. 5. 5ClientValueZipmark offers the simplest and most compelling way to accept check paymentsACH Paper ChecksEase of UseImmediate merchant onboardingCan be used as inline payment for e-Invoices, billing apps and APIAll payments have invoice dataOpaque underwriting requirementsmost SMBs unable to qualifyPayer bank account data requiredNo remittance dataPaper administration costsEfficiency tied to on site scannerNo remittance dataCost & Settlement1% of transaction (capped at $5)Settles in 1 business dayNo returnedTransaction $0.25-$0.50+Monthly $100-$500+Returns $4.00-$15.004 days to settle & 60 day repudiationFree Transaction+Returns $5-$20+4-10 days to settleBenefitsSaves money & time vs.ACH or paper.Access via apps and partners or APIto build a custom user experienceFaster than paperUser experience cannot bemodernizedNo process change required toaccept.Wednesday, April 3, 13
  6. 6. 6PaperChecksIn a 2012 survey conducted by FIS of 3,204 consumers, 52% reported writing at least one paper check withinthe past 30 days to pay either a recurring or occasional bill0%20%40%60%Paper Check Bank Bill Pay Credit Card Debit Card Biller Site ACH CashWednesday, April 3, 13
  7. 7. User Experience and PresentmentWednesday, April 3, 13
  8. 8. 8RecurringBillersCustomized bill payment portal brings businesses like utilities into the 21st century with a single click.Wednesday, April 3, 13
  9. 9. 9PropertyManagementFully-customizable rent payment portal allows tenants to pay for their homes while at home.Wednesday, April 3, 13
  10. 10. 10CloudInvoicingSmall businesses can save time and money on transactions by billing with our e-invoicing partners.Wednesday, April 3, 13
  11. 11. 11MobileExperienceSecure bill pay in the palm of your hand.Wednesday, April 3, 13
  12. 12. 12MobileExperienceUser sees total amount due, and isalso able to view the detailed billDetailed bill displaying individualline itemsConfirmation Recurring PaymentSecure bill pay in the palm of your hand.Wednesday, April 3, 13
  13. 13. 13MobileExperienceUsers are able to set an upper limit on variable bills such as cable, utilities, etc.Any invoice less than or equal to that maximum amount will be automatically processed.Secure bill pay in the palm of your hand.Wednesday, April 3, 13
  14. 14. 14PartnersWednesday, April 3, 13
  15. 15. 15IntheNews“Top Tech Companies to Watch in Silicon Alley”Zipmark featured alongside Foursquare, Gilt Groupe and Tumblr“Zipmark leverages the existing check-processinginfrastructure to create a payment system that is fast,simple and cheap for users.”“Pay via mobile phones by using an app to generatean electronic representation of a check.”“Aiming to make paying by checking account cheaperand more convenient.”Wednesday, April 3, 13