How to transform, and why, the million of Paper Lunch Vouchers into simple and quick Prepaid Stored Value Cards

1. Supporting Lunch Voucher “evolution” from Paper to Electronic across Europe Giuseppe Di Marco epay Italy Managing Director Prepaid Cards Summit Rome, 13th of November 2009

2. Processing more than one billion transactions annually for customers in 42 countries. Euronet Worldwide Business Segments and Countries of Operation Euronet Countries of Operation EFT CORPORATE PREPAID MONEY TRANSFER

5. The Euronet Worldwide Group More than 150 Mobile Operators connected More than 100 banks and financial institutions connected CARD CONNECTIONS OTHER CONNECTIONS FINANCIAL CONNECTIONS MOBILE CONNECTIONS RETAIL CONNECTIONS DATA CENTERS WITH CONNECTIONS TO 43 COUNTRIES

6. e-pay Division Digital Content 220,000 Retailers $9 Billion Sales

7. E Voucher Customer pays retailer the value of the selected voucher. Customer requests E Voucher. Retailer selects product type and denomination . Customer takes voucher. Customer enters voucher details via requested method (mobile handset or online). Credit is applied to customers account. EPoS terminal prints a voucher with an active voucher number.

8. Stored Value Card Customer selects product. Customer requests activation of card at the point of sale. Customer pays Retailer card value. Retailer activates card through EPoS terminal and voucher number is activated and ready to use. Customer enters card voucher number via user interface (mobile handset or online). Credit is applied to customer’s account. Card can now potentially be used as E Top-up card.

9. E Top-up / Wallet Load Customer pays retailer top-up value. The card is swiped / scanned through EPoS terminal. Credit is applied to customer’s account. For example, airtime top-up is delivered to consumer’s handset or their online account / wallet is credited with the amount. Customer requests E Top-up and hands over their top-up card to retailer and requests amount to be added. E Top-up card is already linked to their account / wallet. Customer is able to access credit immediately .

10. Today Lunch Voucher schema Daily : the Employee pays the lunch with the voucher 4 6 The issuer checks the delivery ~45 days later , the Retailer gets the money: the total facial value of the vouchers minus the commission % 7 Employer Employee Employer 3 Monthly : delivers the vouchers to the Employees 5 Monthly : delivers the vouchers to the Issuers 1 Monthly : requests and receives the Vouchers 2 Retailer

15. Going with the Closed Loop Cards Schema The Retailer receives the money from the Issuers The Employee uses the Card to pay the Lunch to the Retailer The Retailer swipe the Card to complete the transaction and manage the settlement The Employer gives the single Card to its Employees The Issuer gives the Cards and the system to load and control the Cards to the Employers The Issuer produces personalized Cards

19. Will the “Chicken and Egg” problem continue?

20. Giuseppe Di Marco [email_address] Mobile: +39 335 7716461 Please consider the environment before continuing to print Lunch Vouchers!