Tabundle is developing software to aggregate multiple transactions on a single credit or debit card into a single transaction at bars and restaurants. This reduces credit card processing fees. The software integrates with POS systems and identifies when a card is swiped multiple times, delaying additional charges until end of day to process as one transaction. Testing at a sample restaurant showed potential to save over $7,000 annually in fees. The founders aim to launch beta testing in May 2012 and expand throughout New England in the second half of the year.

1. Tabundle
patent pending
Chuck Svirk & Matthew Valich

2. 4 Problems
 Patrons open and close a tab multiple times on the
same card
 Unnecessary charges in fixed credit card fees
 Wasted efficiency closing the batch at the end of the
night
 Multiple receipts per patron
 Restriction of sales on smaller priced menu items

3. The Solution
 Tabundle’s software
 Seamless integration through the POS API
 Software identifies credit/debit cards that have been
swiped more than 1 time
 Patent Pending algorithm initiates the aggregation of
transactions
 The latest transaction waits in a queue until the end of
the night to be processed
 Result:
1 transaction per patron = 1 fixed fee
 Transactions are processed as one at a later time
designated by the merchant

4. The Solution Process
 MICROS Flowchart: Aggregated Charges Before
Batch
Patron orders
Merchant swipes card and performs
preauthorization
Software detects card in MICROS system
Software closes previous sales ticket to $0.00 cash
Software adds items from first sales ticket to new
sales ticket with latest order
Software leaves sales ticket open in MICROS

5. Case Study: Symphony 8
 $850,000 in 2010-2011 revenue
87% from credit/debit sales
 WorldPay (Payment processing company)
1.5% of sale + 32¢ per transaction
3,200 credit/debit transactions per month
 $30,000 in credit/debit fees
$12,288 in fixed fees
 Average cost per month = $1,024

6. Case Study: Symphony 8 cont’d
 2.5 transactions per patron using same card
3,200 / 2.5 = 1,280 patrons per month
 If there was 1 transaction per patron
1,280 patrons * 32¢ = $410
 Difference in amount saved = $614
 $614 * 12 = $7,368 annually

7. Potential Market
 Bars, Nightclubs, & Drinking Places (Target)
Sport Stadiums
Large Venues
 Concerts, Theaters, Trade shows
Casinos
 Industry: Drinking Places & Bars
Market Cap: 23 Billion
Population: 66,000 establishment
Growth Rate: 2.1% annually

8. Potential Competitors
 Tabbed Out
smart phone application
 Level Up
2.00% flat processing fee
 Google Wallet
NFC (only sprint)
 POS (Micros, Aloha, etc.)

9. Legal Risks
 PCI Compliance
Credit Card breach fees
 Fraud
 Service failure

10. P&L
 Total Start-Up Funds Required: $75,000
 Profit & Loss Statement : 3 years
Year 1 Year 2 Year 3
Revenue $60,000 $120,000 $240,000
COGS $1,000 $2,000 $3,000
GP $59,000 $118,000 $237,000
Expenses $9,100 $35,500 $158,400
NI $32,264 $53,503 $50,653
 *Note salaries start in Year 3

11. Milestones
 March 2012
-Apply for gap funding
-Apply to Summer@HIGHLAND program by end of March
 April 2012
-Use gap funding to hire Keven Beach of Beyond POS, Inc. to develop software for
MICROS 3700 system
-Begin Alpha testing at developer’s site
-Begin Alpha testing on the Company’s MICROS terminal
 May 2012
-Begin beta testing at Symphony 8
 June 2012
-Collect data on patrons’ credit and debit card swipes
 July 2012-November 2012
-Launch website and secure accounts throughout New England
-File patent for payment process

12. Q&A
o Video link here