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eCheck Payment Gateway

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AmeriNet Integrated Banks

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A Few of our Current Clients

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Stuff here

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Industry Overview •

Merchants, Institutions, Utilities, Telco's, Governments,…virtually every organization is in the process of eliminating paper based systems and “going digital.” High on their agenda are plans to eliminate paper based payments, that is, mailed invoices and paper checks. Businesses and government have three basic payment options: Credit cards, debit cards or electronic checks. Electronic checks eliminate the high transactions costs and interchange costs imposed by the card networks. It is the preferred payment method for B2B, and in many cases is mandated by various governments and institutions.

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Other factors driving the conversion to electronic checks are new point-of-sale applications which convert paper checks to electronic checks in the client’s back office, eliminating the cumbersome process of physically depositing checks at the bank.

Growth in electronic checks is also benefiting from the increasing use of “Check 21”eligible transactions.

And in the near future, mobile banking will deploy to customers a wireless or contactless interface enabling the use of a cell phone as a POS device.

AmeriNet is now taking advantage of these new technologies in key industry verticals by being the first to integrate with the dominate players in each industry sector.

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Who we are •

AmeriNet, LLC is a leading electronic payment processor with a focus on electronic payments known as Electronic Checks or eChecks. Electronic checks digitally move funds from one checking account to another. eCheck avoid the expense of the credit or debit card networks. AmeriNet pioneered the use of eChecks for telephone customer-not-present applications in 1994 and continues to lead the industry. Some of the nations largest payment gateways, banks, financial institutions and enterprises now outsource their electronic payment processing to AmeriNet.

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Through its extended architecture and comprehensive product suite, AmeriNet offers its clients real-time access to a variety of resources including originating banks, positive and negative files and consumer ID validation, in addition to its own extensive internal capabilities.

AmeriNet also offers flexible terms, detailed and customized reporting, and a host of integration, processing, reporting and customer service options designed to fit our clients’ needs.

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What we do •

AmeriNet offers a suite of alternative payment processing services and a variety of products that provide for easy integration with a broad range of customizable features. AmeriNet provides full service on the front end, with a comprehensive menu of due diligence, compliance, and risk management options. First we integrate the client with a variety of vendors, including banks, gateways, portals, and fulfillment centers. AmeriNet is the hub in the center that controls the flow of transactions between the client, vendors and banks.

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AmeriNet takes the digital payment transaction from the client’s customer and then we translate, repair or reject it, process it, track it, and settle the funds.

We provide the reporting, accounting and reconciliation to the merchant, and notification to the fulfillment center that the order is paid and ready for shipment.

Finally, we handle exception management via our integrated “trouble ticket” service.

The emphasis is on total end-to-end management of all elements the payment process.

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How we make money •

AmeriNet’s revenue model is built on the concept of recurring fees, which create ongoing revenue over the lifetime of the client relationship.

Recurring revenue is based on:

1.

Transactions Fees

2.

Discount Rate (a % of each transaction)

Because AmeriNet service as the central hub or “switch” which controls transactions flowing between the client, vendors, gateways and banks, AmeriNet manages the integration between the parties and becomes the critical link which keeps that processes flowing.

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Batch fees

4.

Monthly minimums / connect fees

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Set-up and integration fees

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Ancillary service fees (ID validation, etc)

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Compliance services

This initial integration can be slow and expensive. However, when complete, it creates for competitors a significant barrier to entry. Replicating this extensive integration involving many entities makes it very difficult and expensive for a competitor to displace AmeriNet.

8.

Custom reports

9.

Exception processing

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10. Customer service

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Strategies and Tactics •

Keep It Simple For an electronic payment option to be effective, it must be simple to use. AmeriNet is continuously enhancing our systems to make electronic payments easier for our Bank, Gateway and Enterprise clients.

About 40% of U.S. consumers do not use credit cards either because they prefer not to, are at their credit limit, or simply don't have one. And business often do not want to pay for b2b transaction by credit card. Nearly everyone has a bank account. Clients can extend their reach by adding the electronic check option.

Get Entrenched Early Because of the complex integration between many vendors, it is best to be first. It is easier to defend an entrenched position than to displace an entrenched vendor. Control Critical Components

Reach Everyone

Design a Lean Business Model AmeriNet’s lean business model has three basic elements:

AmeriNet provides the technical interface, network, systems and processing services that tie together the client, the client’s bank, gateways, portals and the client’s customers.

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Outsource all non-core functions.

Eliminate all processes and procedures that are not digital and scalable.

Be the low cost producer 10


Marketing Strategy

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AmeriNet’s Marketing strategy is to create partnerships and alliances with the largest payment aggregators.

These typically are Banks, Gateways, Processors and Portals

AmeriNet then uses these partners to sell AmeriNet’s Electronic Payment services.

AmeriNet has established relationships and integrated technologies with the Major National players.

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Benefits to Banks •

AmeriNet maintains interfaces with the nation's largest banks offering merchants the ability to originate payments from their own bank accounts at low cost while providing banks with additional revenue opportunities and important ancillary services. AmeriNet provides the specialized services merchants require but banks traditionally do not offer. These include a variety of interfacing options (directly or from the major payment gateways) comprehensive compliance review and monitoring, risk management and detailed reports.

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AmeriNet makes it easy for the merchant to use and easy for the bank to sell as an additional services provided by the banks.

Treasury management and merchant services sales organizations benefit from AmeriNet's expertise in electronic debit applications and can help close the deal and get the client up and running smoothly and quickly.

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Marketing Partners Banks

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Here’s how it works with AmeriNet’s major Bank Partners. Example:

A senior Relationship Manager at Bank of America has a Global client (i.e., Samsung) that needs turnkey full service Electronic Check Services.

The Bank of America executive refers his client to AmeriNet, as the trusted BofA eCheck Partner.

AmeriNet contracts and integrates directly with the Client on the front end, and links the client through AmeriNet to BofA on the Back end. AmeriNet does all of the work in the middle. 13


Benefits to our Gateway Partners

AmeriNet's Gateway partners have established long-term client relationship with a wide variety or merchants, ISOs, portals and banks. These gateways have been providing their clients with credit card processing and related services for many years. Integrating with AmeriNet enables the gateways to easily offer an important new payment method: electronic checks from AmeriNet.

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Now they can provide to their clients electronic check payments with the same ease and speed as credit card payments, but at a lower cost.

AmeriNet's electronic check service drives traffic and generates recurring transaction revenue.

The worlds largest Internet payment gateways are now interfaced with AmeriNet.

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Marketing Partners Gateways

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Here’s how it works with AmeriNet’s major Gateway Partners. Example:

An Account Executive at CyberSource has a client (i.e., the portal LaGarde) that needs turn-key full-service Electronic Check Services.

The CyberSource executive refers his client to AmeriNet, as the trusted CyberSource eCheck Partner.

AmeriNet contracts directly with the client on the front end, and links to the client through the Portal to the CyberSource gateway to AmeriNet to the client’s bank on the back end.

AmeriNet does all of the work in the middle, and provides reporting, reconciliation and exception processing of the back end.

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Benefits to our Portal Partners •

AmeriNet's Portal partners have established long-term client relationship with thousands of merchants in specific industry verticals.

AmeriNet’s portal partners sell AmeriNet’s service, which drives traffic and generates transaction revenue for the portal.

These portals have been providing their clients with credit card processing and related services for many years.

Many of the largest Internet payment portals are interfaced with AmeriNet to offer turnkey services to their merchants.

Integrating with AmeriNet enables the portal to easily offer an important new payment method: electronic checks from AmeriNet.

AmeriNet's partners include portals designed for specific industries such as utility bill payments, university tuition and campus card programs, prepaid cellular and phone card products, state, county and municipal tax payments, charitable donations, union dues and church donations.

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Marketing Portal Partners

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Here’s how it works with AmeriNet’s major Portal Partners. Example:

An Account Executive at JSA Technologies has a National client (i.e., University of Michigan) that needs turn-key full-service Electronic Check Services.

The JSA executive refers his client to AmeriNet, as the trusted JSA eCheck Partner.

AmeriNet contracts direct with the client on the front end, and links to the client through the JSA Portal to the client’s bank on the back end.

AmeriNet does all of the work in the middle, and provides reporting, reconciliation and exception processing of the back end. 17


Marketing Strategy Results: Top Tier Clients in Each Major Industry Sector

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AmeriNet targets the Industry leaders in each industry sector.

Example: Harvard in Education, Samsung and Qualcomm in Technology, United Way in Non-profits, Providence in Healthcare, etc.

AmeriNet then leverages these marquee clients to expand into the other major players in that industry segment.

AmeriNet has been successful in landing top tier Clients in Next each targeted segment.

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Clients Resulting from our Marketing Strategy

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Industry Sectors Financial

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Each of these AmeriNet clients is a category leader in their segment of the financial industry.

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Fidelity National is a leader in core card processing, transaction processing and mortgage processing for financial institutions.

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Industry Sectors Insurance •

AmeriNet is establishing a strong position in the Insurance sector.

Aetna: is #1 on Fortune’s list of Most admired Health Care Insurers

Midwest Family: is rated

“A” by A.M.Best among multiple line property/casualty insurers.

Fidelity National: is the

leader in Title Insurance and real estate related products and services.

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Industry Sectors Healthcare

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AmeriNet has establish a strong foothold in the important Healthcare Industry, with major build-outs in progress with Hospital chains and Healthcare Benefits providers.

• • • • • • • • • • • • • •

Aetna Central Texas Medical Alliance Health Benefits Mount Carmel Healthcare System Providence Health Providence Medical Group Providence Medical Group South Providence Portland Medical Center Providence TelePay St.Vincent Hospital Duluth Clinic Polinsky Medical Rehab St Mary's Medical Center St Mary's Superior

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Industry Sectors Non-Profit / Religious / Membership

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AmeriNet has built significant positions in the non-profit, religious and membership sector.

AAA: the Largest auto club

United Way: the Largest coalition

Hundreds of Churches

• • • • • • • • • •

Marine Toys for Tots The Yosemite Fund Partners In Health Scleroderma Foundation Senior Living Ministries St. Joseph's Indian School Florida Family Association Harmony Foundation Local 891 Cope Planned Parenthood

of charitable organizations.

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Industry Sectors Colleges & Universities

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Colleges and Universities are rapidly converting to Electronic Payments. AmeriNet is deeply involved in three areas: loading value onto student cards, tuition payments and fundraising.

Clients include:

• • • • • • •

Harvard University Sarah Lawrence LSU Georgetown University Temple University of Michigan NCAA

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Industry Sectors Utilities

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Utilities are start to change the way they receive payment. Instead of waiting for a paper check to arrive in the mail, they are proactively debiting their customers’ bank accounts.

AmeriNet is actively involved in enabling these electronic payments for both private and public utilities.

City of Reedley Gas & Electric / Vandenberg Village Service District / Valley of the Moon Water District / Lee Lake Water District / Aquila, Inc / Pepco / Kentucky Utilities Company / Louisville LG&E / City of Biggs / City of Parlier / City of Suisun / La Cumbre Mutual Water / Quartz Water Dept / South Placer Municipal Utility District / Bear Valley Community Utilities / North Coast Water District / Rosamond Service Utility District / City of Gridley Utility

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Industry Sectors Government

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Across the nation, state and local governments are mandating that businesses and consumers make payments to the government online.

AmeriNet is a leader is this vertical.

Example: when a company is

Delaware: Division of Corporations

incorporated in the State of Delaware, the company must pay their annual registration fees via electronic check. AmeriNet processes those transactions for our partner Mellon Financial.

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Industry Sectors Telecom & Technology

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Telecommunications and Technology companies are eliminating paper payments.

AmeriNet plays the dominant roll in this sector.

Example: If the owner of an AT&T

Qualcomm

Samsung

Wireless phone needs to add minutes to his prepaid account, AmeriNet processes the electronic payment.

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Benefits to our Clients •

Offering alternatives to paper based systems and credit cards will increase sales, reduce costs and extend the reach to 100% of U.S. consumers, including the 40% who do not have credit cards or choose not to use them.

AmeriNet's alternative payment options enable our clients’ customers to use their check just like a credit card. They can pay online or over the phone, or present a paper check which the business converts to an electronic payment. It's easy to implement, safe and secure.

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With expertise in a number of key industries, AmeriNet's clients include Fortune 500 companies, state and municipal government agencies and taxing authorities, public utilities, telcos, major universities, hospitals and health insurance providers, national charitable organizations, churches and other non-profits. AmeriNet's services are also well-suited to small-tomedium businesses of all kinds.

Wherever an electronic check payment is required, AmeriNet can help.

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Benefits to our Clients’ Customers •

AmeriNet's alternative payment options enable our clients’ customers to use their check just like a credit card. They can even pay by cash online or over the phone.

It's easy to implement, safe and secure. And most of all, choices are as essential to electronic commerce as they are anywhere else.

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AmeriNet's services are also well-suited to small-to-medium businesses of all kinds. Wherever a customer-not-present application requires an alternative to credit cards, AmeriNet can help.

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Features & Benefits AmeriNet originate ACH entries directly between the client's own bank account and their customer’s bank account. This is the safest, quickest and least expensive way to process payments AmeriNet has developed a suite of products to create the right fit for each client.

Standard Validation Each transaction sent to AmeriNet is carefully examined, in real-time, to check for • validity and negative history.

Extended Account Validation AmeriNet offers an optional extra-strength validation that reaches out to information provided directly by banks to help us determine if an account is in good standing. •

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Consumer Identity Validation (IDV) AmeriNet's optional IDV service ensures that the consumer's personal information, including name, address, date of birth and, the last 4 digits of their Social Security number are correct, current and valid.

Regulatory Compliance

AmeriNet has expertise in the complex regulations that govern the ACH network. Our compliance review and ongoing monitoring ensure that everything is by-thebook and alerts clients to trouble spots before they become problems. AmeriNet LLC 30


Comprehensive Regulatory Review

Regulatory Compliance AmeriNet’s Risk Department has expertise in the complex government regulations that govern the Federal Reserve’s ACH (Automated Clearing House) network and the guidelines issued by NACHA, the bank industry trade association. Our compliance review and ongoing monitoring ensure that everything is by-thebook and alerts clients to trouble spots before they become problems.

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AmeriNet is Integrated with Key Industry Vendors.

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Real-time integration with key industry vendors enables AmeriNet to gather and evaluate critical information with subsecond response time.

AmeriNet is pushing application onto the “cloud” to reduce cost and stay current with the latest technology.

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Outsourced Data Center: Verizon

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Technical Team - Staff, management tools, and operational processes to keep the entire configuration running smoothly around the clock.

Remote Application Management - Manage and monitor-critical applications and infrastructure.

Network management - over 3,700 customer networks in 142 countries around the world.

Security management Thousands of companies and government agencies around the world have trusted Verizon Business to manage their security services for the past 15 years.

Infrastructure Investment - 5 Network operation centers, 7 Security operation centers, 4 managed hosting centers, 200+ co-location centers. 33

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Highly Scalable Automated Boarding

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Automated systems reduce the cost of merchant boarding.

All data is linked and cross reference to all other systems.

Any information is just a click away.

Source documents are digitally stored and instantly retrievable.

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Highly Scalable Compliance / Due Diligence / Risk Management •

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Compliance, Due Diligence and Risk Management systems are scalable and cost effective. Labor intensive tasks are minimized.

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Digitized and Secure Document Systems.

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All documents stored and retrieved digitally

Secure offsite storage

Instant online retrieval

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Highly Scalable Web-based Customer Service

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AmeriNet’s Web based Case Management or “Trouble Ticket” service is completely integrated into the core systems.

Quick turnaround and “one-call-resolution” produces long term clients and happy customers.

Web based customer services systems are cost effective and scalable without large increases in headcount.

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Customer Service Portal

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Clients log in,

Search for a solution or open a trouble ticket.

AmeriNet response time is usually same business day.

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Web based Project Management systems keep multiply project on schedule

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AmeriNet serves as the Project Manager on complex integrations between large enterprises. For example: Integrating the Client – Client’s systems integrator Portal - Website - Gateway – Bank.

AmeriNet’s Web based Project Management System in tightly integrated with all other systems and enables close collaboration between all of the participants.

Overlapping project can be closely monitored and brought in on schedule. 39


Web based Project Management systems keep multiply project on schedule

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AmeriNet serves as the Project Manager on complex integrations between large enterprises. For example: Integrating the Client – Client’s systems integrator Portal - Website - Gateway – Bank.

AmeriNet’s Web based Project Management System in tightly integrated with all other systems and enables close collaboration between all of the participants.

Overlapping project can be closely monitored and brought in on schedule. 40


AmeriNet: eCheck Payment Gateway

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AmeriNet: Making Electronic Payments Simple

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AmeriNet Presentation to Cybersource  

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