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Mobile Money Payment Gateway System - An Overview of System Process. Prepared by: Neowave E-commerce Team Version /2/2006

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Mobile Money Payment Gateway System

- An Overview of System Process

Prepared by: Neowave E-commerce Team

Version 1.0 25/2/2006

(2)

PAYMENT MODE 1 - REMOTE PAYMENT

REMOTE OR DELAYED ORDERING PAYMENT BY SECURITY PIN

REQUESTED BY MERCHANT VIA FIXED PHONE LINE (IVR)

MERCHANT’S BANK

ACCOUNT

(ANY BANK)

BANK

BANK

ATM ACCOUNTS

- Savings Acct

- Checking Acct

- Credit Card Acct

MERCHANT

MERCHANT

Via Fixed

Phone Line (IVR)

Toll-Free 1-800- IVR

Mobile Phone No,

Amount, Bill No,

& Operator ID

CONSUMER

CONSUMER

Orders Goods/ Services By

Phone/Fax/Website/Email

& Gives Mobile Phone Number.

Transaction Confirmed SMS Payment Request via SMS Confirms Payment via SMS Transaction Confirmed SMS MM System Checks with Customers Bank for Approval

CLEARANCE

SETTLEMENT

SYSTEM

Merchant gets paid in 2 days

MM receives its

transaction fee

Establish MM Bank Account

tied to Mobile Phone / T-Pin

MM System Initiates Payment Process

1

2

4

5a

3b

3a

5b

(3)

PAYMENT MODE 2 – BATCH REMOTE PAYMENT

MERCHANT REMOTE BATCH OR MONTH END BILLING

REQUESTED BY MERCHANT VIA BATCH PROCESSING

MERCHANT’S BANK

ACCOUNT

(ANY BANK)

BANK

BANK

ATM ACCOUNTS

- Savings Acct

- Checking Acct

CREDIT CARD

ACCOUNT

MERCHANT

MERCHANT

Via Electronic

Interface

Merchant sends

their Batch File

of Customer

Mobile Phone

No.,

Amount., Bill No.,

Merchant ID.

CONSUMER

CONSUMER

Customers Consumes

Products or Services from

Merchants on regular basis

Transaction Confirmed SMS Payment Request via SMS Confirms Payment via SMS Transaction Confirmed SMS MM System Checks with Customers Bank for Approval

CLEARANCE

SETTLEMENT

SYSTEM

Merchant gets paid in 2 days

MM receives its

transaction fee

Establish MM Bank Acct

tied to Mobile Phone / T-Pin

MM System Initiates Payment

Process

Toll-Free 1-800- IVR

1

2

4

5a

3b

3a

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PAYMENT MODE 3 – E-commerce Website (Weblink) Payment

Remote Payment via webShaper e-commerce website + Mobile Money Weblink

MERCHANT’S BANK

ACCOUNT

(ANY BANK)

BANK

BANK

ATM ACCOUNTS

- Savings Acct

- Checking Acct

CREDIT CARD

ACCOUNT

MERCHANT

MERCHANT

E

E

-

-commerce

commerce

Website

Website

Powered

Powered

By

By

webShaper

webShaper

ecommerce

ecommerce

Via WebLink

Bill No./Merchant

Ref. No., Mobile

No, Last 4 Digits

of IC No., Amt.,

Description

CONSUMER

CONSUMER

Transaction Confirmed SMS Payment Request via SMS Confirms Payment via SMS Via WebLink MM System Checks with Customers Bank for Approval

CLEARANCE

SETTLEMENT

SYSTEM

Merchant gets paid in 2 days

MM receives its

transaction fee

Establish MM Bank Acct

tied to Mobile Phone / T-Pin

MM System Initiates Payment Process

Toll-Free 1-800- IVR

For online purchase,

consumer choose to

pay by MM & keys in

Mobile Phone No. &

Last 4 Digits of IC No

Date, Time,

Payment Ref. No

Bill No./

Merchant Ref. No,

Amt., Description

& Status

1

2

4

3a

3b

5b

5a

(5)

Mobile Money – Benefits to Merchants

Low transaction and maintenance costs

– Credit Card Transaction rate 2% - 3% vs 1.5% for Retail Shops

– Credit Card startup fees of RM2,000 plus with RM150 maintenance

– MOTO / Internet Payment Gateway 4.5% vs 2.5% (Mobile Money WebLink)

Low startup or sign-up fees

– Only RM100 (For Retailers) or RM300 (For Corporate) one time registration,

charged only after 10

th

transactions

No minimum monthly transactions, No Rental Fees

No merchants account required

Selling to anyone, anywhere & anytime

Gets paid fast and faster turnover in T+2 Days

Flexible methods to Request for Payment: Fixed Line IVR, SMS, WebLink,

Mobile Money website

Good audit trail and secure ticketing

Marketing & points system opportunities using the Mobile Money SMS

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Mobile Money Merchant Application & Sign

Up Process

Complete Merchant Application Form and Agreement

Pay RM100 (For Retailers) or RM300 (For Corporate) one time

registration fee. Charge after first 10 transactions.

Pay RM10.00 stamping fee. Charge after first 10 transactions.

Need Letter of Authorization from a Director/Partners

Need 1

st

page of Bank Statement for verification

Need a Mobile Phone number tied to Merchant ID account

Approvals will be notified via SMS. Upon successful signup, you will

receive a Merchant Kit consists of Startup Guide, Merchant Guide,

MMSOS Directory and Stickers.

More info available at

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Want to know more?

Please check out detailed information at:

http://www.neowave.com.my/mobilemoney_overview.asp

(8)

Who are we?

Neowave specializes in providing business-to-consumer e-commerce

solutions. We help businesses to capitalize on established web

technology to reach out and better serve their Clients. Our products

are webShaper e-catalog and webShaper e-commerce

solution.

Neowave is the first Malaysia Company to be awarded WorldPay

Accredited Storebuilder. We are also the first to integrate Mobile Money

Weblink as a Payment option our online storefont software.

Our philosophy is simple, we design solutions that help merchants to

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Why we are different?

• We Begin and End with The Customers in Mind

– Customer-Driven Innovation is our DNA

• We are FOCUS

– We do nothing more than producing neat piece of

e-commerce software.

• We are Business Savvy

– We seek to understand and provide only practical

solutions to every business needs.

• We have the Know-how

– We have the both business and technical know-how

to give you a competitive edge.

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The information contained in this document represents the current view of Neowave Sdn Bhd on the issues discussed as of the date of publication. Because Neowave must respond to changing market conditions, it should not be interpreted to be a commitment on the part of Neowave, and Neowave cannot guarantee the accuracy of any information presented after the date of publication.

This overview is for informational purposes only. Neowave MAKES NO WARRANTIES, EXPRESS OR IMPLIED, IN THIS SUMMARY. Complying with all applicable copyright laws is the responsibility of the user. Without limiting the rights under copyright, no part of this document may be reproduced, stored in or introduced into a retrieval system, or transmitted in any form or by any means (electronic, mechanical, photocopying, recording, or otherwise), or for any purpose, without the express written permission of Neowave Sdn Bhd. Neowave may have patents, patent applications, trademarks, copyrights, or other intellectual property rights covering subject matter in this document. Except as expressly provided in any written license agreement from Neowave, the furnishing of this document does not give you any license to these patents, trademarks, copyrights, or other intellectual property.

Neowave and webShaper are either registered trademarks or trademarks of Neowave Sdn Bhd in Malaysia and/or other countries. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

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