What is an EBank

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What is an E-Bank?

• An e-bank is a regulated financial organisation
  which is able to accept cash deposits and store
  them in electronic format. This means that a
  customer of the e-bank may pay cash into the
  e-bank and receive the equivalent in e-funds.
• These e-funds can be used for transactions
  electronically, so therefore a customer can
  transact by paying e-funds or receiving e-funds.
  The customer may also at anytime withdraw their
  e-funds back into cash.

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E-bank product offering

• E-wallets
• MasterCard and/or VISA cards
• SMS Services or M-wallets
• Merchant Acquiring Services
• Loyalty Schemes
• Money Movement

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Other comparable E-banks

• PayPal
• Netteller
• Moneybookers

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E-banks and the issue of cards

• One big question about putting your funds into an
  e-bank is how do I get my funds out. E-banks are
  able to become issuers of MasterCard and Visa and
  can therefore issue debit cards to customers so
  that they can access their funds in real time at
  any ATM or Point of Sale.

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Safety of e-banks

• Customers, especially in todays financial climate
  want the insurance that their money is safe.
• If you use conventional banks, these banks may
  use your deposits for what ever purpose they
  want.
• An e-bank is different, you must hold on deposit
  the equivalent of the amount of e-funds available.

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Why an E-bank?

• The world banking system is in complete chaos
• Lack of trust in current banking systems
• Organisation such as Quatro and EasyKard need
  e-bank who thinks outside of the box

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About Our E-bank

• Our E-bank will be registered and regulated in
  the UK. This FSA regulated e-bank will become
  either a MasterCard or Visa member and will apply
  for an Open Issuing license across the whole of
  Europe. The e-bank will be constructed from the
  offset to facilitate the requirements of Quatro.
  This fully customisable system will be built for
  a worldwide audience.

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Why not just go to an existing bank

• The existing banking and card networks do not
  understand that in todays age, business works on
  a worldwide level. They also do not understand
  how our businesses operate and what functionality
  we require in modern commerce to deal with the
  massive volume of cross border transactions.

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Benefits of the e-bank

• True and full control
• We take our business wherever we want to operate
  worldwide
• We are not restricted by other banks internal
  policies and procedures
• We do not have to pay other banks for services we
  can provide ourselves

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The Value of E-bank

• Paypal was acquired in 2002 for 1.5billion
• Over 45Billion transaction values running
  through the paypal system in 2006
• Moneybookers was bought for 105Million in 2008
  they have 5.5million registered users
• Netteller is on the stock exchange. Revenue for
  2006 was 257mil (profits after tax of 102M)?

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Where the current e-banks fail

• There is no easy way to get your money out of the
  system.
• We look to introduce a debit card so everyone has
  realtime access to their funds
• Customers will be able to order cheques and wires
  easily and quickly.
• Security
• Customers security will be exceptional as
  required under the regulatory regime, however our
  system will not unilaterally interrupt customer
  services or access to their money.

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Costs and Timescales

• The Project Phase set up for the e-bank is
  10-12months.
• There is a capital requirement of 12M for the
  project which includes capitalisation per
  regulatory obligation.
• This includes
• Creation of E-bank, approvals and authorisation
• MasterCard and/or VISA issuer membership
• CEPA open issuing across Europe licence
• MasterCard and/or VISA acquiring licence
• Certified Card Manufacturing and Distribution
  Centre
• Certified MasterCard and/or VISA Data Processing
  Centre
• Buildings and infrastructure to accommodate and
  operate the above.

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Projection
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Target markets and Uses

• Quatro
• EasyKard
• Gaming Industry
• Offshore businesses
• Payroll Bureaus
• MLM Commission Groups
• Small Businesses throughout Europe
• Local Governments to pay benefits to those
  without bank accounts

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