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U S I N G C A R D S T O I M P R O V E R E
S U L T S
S T R I C T L Y   P R I V A T E   A N D 
 C O N F I D E N T I A L
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Transferability of Tickets the Smart Card
Enabling the Wireless Resort
Charlie LEsperance, RTPJohn Creel,
RapidtronAndy Brown, J.P. Morgan Chase
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Agenda
Introductions
About RapidTron
About JPMorgan Chase
Benefits of EZPay
EZPay Capabilities and Options
Questions and Answers
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Introductions

• John Creel President and CEO RapidTron(949)-798
  -0652jcreel_at_rapidtron.com
• Andy Brown Vice President JPMorgan Chase
  Bank(201) 601-4352 andy.m.brown_at_jpmchase.com

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About JPMorgan Chase

• J.P. Morgan Chase Co. is a banking leader in
  the United States and one of the largest banks in
  the world, with 803 billion in assets (2003)
• With revenues of 2 billion, JPMorgan Treasury
  Services operates in all major world financial
  markets, serving a network of nearly 3,000
  correspondent banks, foreign branches and
  international agencies in 60 countries.
• JPMorgan Treasury Services is a world leader in
  providing treasury and cash management, trade
  finance and payment and investment services to
  corporations, financial institutions,
  broker/dealers, and governments and government
  agencies around the world.
• No other bank does more funds transfers, clears
  more dollars, handles more institutional payments
  or offers a broader range of products.
• Treasury Services emerging electronic commerce
  initiatives are transforming the industry
• JPMorgan Chase is the leading (80 market share)
  provider of government issued benefits payments
  and prepaid stored value cards used by state and
  federal government agencies, as well as stored
  value services for private institutions. 

• 1 in ACH items originatedNACHA, 2002
• 1 in Customer Satisfaction in the Australian
  Corporate Transaction Banking Market East and
  Partners, 2003
• 1 in Quality of Overall Service Delivery in Asia
  Pacific East Partners, 2002
• 1 in controlled disbursement total checks
  paidErnst Young Survey, 2002

• Best Global Trade Service Provider Trade
  Finance Magazine, 2003
• Best Outsource Provider in EMEA Treasury
  Management International, 2003
• Best Cash Management SpecialistThe Asset, 2003
• "Best Implementation of Straight Through
  ProcessingBanking Technology Magazine Awards,
  2002

Industry Ranking
Industry Awards
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Benefits of using EZPay

• There are several benefits to using EZPay
• New Revenue Streams You earn float on the
  dollars on each account in the program.
  Transaction fees and breakage can also provide
  revenue.
• Reduce Merchant Fees Ability to route
  cardholder transactions over the internet
  directly to EZPay for authorization, avoiding
  association merchant fees.
• Introduce Micro-Payments Facilitate purchases
  using new payment mechanisms
• Mitigate Buyer Credit Quality Minimize the
  credit risk of buyers by providing payment
  mechanisms that allow clients to have surety of
  payment.
• Improve access control Introduce smart cards
  with biometrics (Fingerprints, Facial, Signature)
  to manage and control usage and access. Pay by
  finger is also an option
• Improved Reporting and Reconciliation
  Electronic records of all transactions with the
  ability to report on Who used What When and Where
• Reduce Payroll Costs Eliminate the high costs
  associated with distributing and cashing checks
  and increase the convenience factor for employees
  by depositing pay directly to a debit card

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EZPay Our Solution

• EZPay is a high-quality, low-cost, secure
  processing engine in the electronic payments
  arena, that provides the ability to support
  public and private sector companies wishing to
  digitize the cash in their product solution
• Evolution
• EZPass Electronic Toll Collection in Eastern
  US
• Payroll Cards
• US Treasury NavyCash
• Proven Solution
• In production since 1998 (26MM to develop, 2MM
  additional annual investment)
• Has processed over 16 million transactions in a
  single day (EZPass)
• Passed US Navy Security Testing
• Hundreds of thousands of accounts, millions of
  transactions processed

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EZPay Options

• JPMorgans service offers multiple options for
  launching a personalized card program
• White labelstandalone/ATM classic/MasterCard
  debit / Cardless
• Smart Cardcontact/less (RFI)/magnetic
  stripe/biometric transactions
• Card management/issuance (Payroll, Gift, Transit,
  Campus, etc.)
• Settlement reporting
• Customer service
• Cash management
• Loyalty/Rewards
• Biometrics (Fingerprints, Facial, Signature)
• Based on your requirements and business rules!

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EZPay Platform Capabilities
E-Z PayProcessingSystem

• Settlement
• Vendor A
• Vendor B
• Bank A
• Bank B

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Success Stories

• Government
• U.S. Treasury, Navy, Marines, National ID
• Secure
• Cashless Smart card solution (NavyCash)
• White labeled
• Online/Offline processor
• Payroll
• Replenishment (funding)
• ACH
• Credit card
• Cash
• Wire
• Post payment (billing)
• Controlled spending accounts
• City/State/Government accounts and welfare
• US Debit Card
• Participants in other government initiatives
  throughout the world including
• National ID
• Welfare Programs

• Transportation
• EZPass, Peace Bridge, TCA, NYC Transit (elderly)
• Tolls
• Mass transit
• Commercial applications
• Controlled spending accounts
• Wireless
• New offering MasterCard/JPMorgan Chase
• Replenishment of prepaid phone minutes
• Requests via
• SMS
• WAP
• Internet
• Funding via
• Credit card
• DDA / ACH
• MasterCard offering (International)

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EZPay at Resorts

• Accounts tied to lift tickets
• Use lift ticket to purchases (food, lessons,
  tubing, etc.)
• Parents can fund a child lift ticket
• Eliminate child losing cash or credit card
• Pay by finger option
• Since all transactions are tracked, no value is
  lost, cards can be replaced
• Biometrics to eliminate / greatly reduce season
  lift ticket transferability issues
• Bring resort merchants into program
• Reduce merchant fees to associations
• Provide incentive / loyalty back to cardholders

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Sample Solution
Dollars Sit Here
Accounting Entries Occur here
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Benefits of using EZPay

• There are several benefits to using EZPay
• New Revenue Streams You earn float on the
  dollars on each account in the program.
  Transaction fees and breakage can also provide
  revenue.
• Reduce Merchant Fees Ability to route
  cardholder transactions over the internet
  directly to EZPay for authorization, avoiding
  association merchant fees.
• Introduce Micro-Payments Facilitate purchases
  using new payment mechanisms
• Mitigate Buyer Credit Quality Minimize the
  credit risk of buyers by providing payment
  mechanisms that allow clients to have surety of
  payment.
• Improve access control Introduce smart cards
  with biometrics (Fingerprints, Facial, Signature)
  to manage and control usage and access. Pay by
  finger is also an option
• Improved Reporting and Reconciliation
  Electronic records of all transactions with the
  ability to report on Who used What When and Where
• Reduce Payroll Costs Eliminate the high costs
  associated with distributing and cashing checks
  and increase the convenience factor for employees
  by depositing pay directly to a debit card

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EZPay Summary

• EZPay enables JPMorgan clients to
• Transform their business processes, reduce costs,
  and improve efficiency
• Exchange paper-based payment methods for debit
  and accounts
• Introduce new transaction capabilities that
  digitize cash or data and enhance customer
  loyalty

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Q A

• Any questions?