Graphiken PayNet

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NEXT GENERATION E-BANKING
Independent direct payments
Online Betaal Congres 5th of March 2009 Media
Plaza Utrecht Mr. Andrea Anderheggen COO Payment
Network AG
Cooperating with leading Dutch Payment Service
Providers
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Key Facts
The Company

• The company is managed by Mr. C. Klein (CEO), Mr.
  A Anderheggen (COO), Dr. J. Lütcke (CFO), R.
  Piater (CMO) and S. Krautkrämer (CTO)
• We are generally bank independent although we
  work together with banks as marketing partner.
• Today we employ 41 full time equivalents.
• Since the official market launch of
  sofortüberweisung.de / DIRECTebanking.com in
  October 2006 over 11.000 eCommerce companies have
  registered.
• We have already performed several million
  transactions mainly in Germany, Switzerland and
  Austria and are live in the Netherlands since
  January 2009.
• Our aim is to offer DIRECTebanking.com all over
  Europe within the next 12 to 18 months.

• Payment Network AG is a privately hold German
  limited corporation founded in December 2005.
• The companys objective is to market the
  innovative payment system based on Online Banking
  systems in Europe and worldwide.
• A major investor of the company is the family
  office Reimann-Dubbers,
• Reimann Investors Advisory GmbH, the family
  office of the Reimann-Dubbers family has invested
  in Payment Network AG early 2008.
• Under the Reckitt Benckiser corporation Reimann
  has created world renowed brands

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How DIRECTebanking.nl works
After choosing our payment system
DIRECTebanking.com, the buyer just has to go
through simple stages. Everything else will be
done automatically by the system.
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Initialize payment select country and enter bank
code
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• The buyer enters his bank sorting code
• After clicking on next DIRECTebanking.com
  selects the right bank gateway out of thousands
  of banks.

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• Bank coverage today
• 95.1 in Austria
• 90.2 in Switzerland
• 99.3 in Germany
• 97.5 in the Netherlands

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Initalize payment enter account number
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• Payment reasons, amounts and the bank of the
  remittee are entered automatically.
• The Buyer can locally save his data the second
  payment the first two steps are skipped!

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Legitimation enter online-banking login data
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• DIRECTebanking.com logs into the bank account of
  the buyer, checks the credit limit and enters
  automatically a direct bank transfer to the
  merchant.

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Transmission enter transaction number (TAN)
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• The buyer confirms the transaction by entering
  the TAN (eBanking payment confirmation data).
• A real-time payment confirmation is sent to the
  money recipient.
• Goods and services can be delivered instantly.

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Our software supports all kinds of TAN systems
iTAN, smartTAN, mTAN etc.
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Our software supports SEPA transactions.
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Security online banking systems protecting
against fraud
Fact After several million transactions with
sofortüberweisung.de / DIRECTebanking.nl, we did
not have one single case of identity theft!
Main reason The one time password (TAN) is
only available offline and can be used once
only.
Changing TANs
1329 3984 6834 9562 2345 4367 3702 0345 3609 4326
2352 9685 4566 7567 8578 3453 7869 2342 1231 0234
3459 4986 2342 1233 9233 0134 6313 9185 7284 6123

• Credit card data
• Same for every transaction
• Many merchants have access to these data
• Several million identiy theft cases per year.

• Online Banking systems
• Changing passwords or transactions numbers (TAN)
• TAN can only be used once
• Only available offline

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Security TÜV certified data privacy

• Based on BSI an ISO-2007 principles
• Online-banking data (PIN/TAN) are not accessible
  to employees.
• Transactions using DIRECTebanking.com can not be
  manipulated by Payment Network AG or third party
  staff.
• Data transfers security based on secure Triple
  DES (168/112 bit) connections.
• Banking data centers are certified according to
  industry best-practice online banking standards.
• Users can check DIRECTebanking.com authenticity
  thanks to the certified 128-bit SSL certificate.
• Continous checks by the TÜV

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Security insurance against identity theft

• The customer using DIRECTebanking.com is insured
  against online banking data fraud and identity
  theft cases. The insurance company is one of the
  largest German bank insurance corporations.
• Buyers are insured up to 5.000 EUR per individual
  case. 5.000 EUR normally corresponds to the
  maximum amount transferable per transaction
  number (TAN).

Insurance against data fraud and identity theft
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Security money back guarantee for buyers

• We closely work together with the European market
  leader of customer protection programs Trusted
  Shop
• Therefore in many shops, buyers paying with
  DIRECTebanking.com are protected in case
  merchants do not deliver goods.
• More information here
• www.trustedshops.com

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European expansion plan (status 05.03.2009)
One harmonized, international online banking
transfer system offering a gateway to the local
online bank account
vision
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How are we entering the Dutch market?
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Work with existing eCommerce customers from other
countries. Best known in the Netherlands
(Live)
(Live)
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Start cooperation with leading Dutch payment
service providers to facilitate integration.
Already live or signed
(Live)
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How are we entering the Dutch market?
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Open an office in the Netherlands (Amsterdam)
with Dutch business development, customer care
and integration support managers.
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Presentation of DIRECTebanking.nl in leading
eCommerce magazines, forum, blogs and on the most
important eCommerce events in the Netherlands.
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Direct approaches to Dutch merchants, payment
service providers, banks and service companies
within the Dutch eCommerce industry.
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Benefits why DIRECTebanking.nl?
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DIRECTebanking.nl costs less than competitors.
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• Standard fees for Dutch retail merchants
• 1 or 50 Cent per transaction
• 39.90 Euro setup fees
• 4.90 Euro monthly maintenance fees
• No further costs
• Free support
• We award innovative partners helping us entering
  a new market

Save money!
More information on www.directebanking.nl/kosten
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Benefits why DIRECTebanking.nl?
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DIRECTebanking.nl is easy to integrate.
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• We work together with leading payment service
  providers.
• We offer standard plugins for over 80 shop
  systems such as

Easy integration
More information on www.directebanking.nl/installa
tie
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Benefits why DIRECTebanking.nl?
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DIRECTebanking.nl reaches a lot more customers
and helps increasing your revenue.
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International more revenue!

• Reach 47 Mio. instead of 9 Mio. potential
  customers today!
• By end of 2009 we will reach over 90 million
  customers
• We will reach approx. 2.5 Mio. flemish speaking
  customers

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Thank you QA
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Payment Network AG Fussbergstrasse 1 D - 82131
Gauting Andrea Anderheggen Chief Operating
Officer Tel [phone] Email aa_at_paymen
t-network.com