HitMe Cash App. Sed t Card, Inc s Patent Pending Blockchain-Based Financial Application and Network to Replace Credit Cards

Transcription

1 HitMe Cash App Sed t Card, Inc s Patent Pending Blockchain-Based Financial Application and Network to Replace Credit Cards Managem ent Presentation - Con fid e n tia l

2 We re not a cryptocurrency, but we take advantage of underlying blockchain technology to deliver secure, fast & inexpensive t ransact ion p rocessing. 2

3 Why HitMe exists Traditional credit card paym ent processing networks are archaic, expensive & error prone Identity Theft Fraud High Fees Exp ensive Card Associat ion Fees for Issuers & Acq uirers ENTER HitMe 3

4 Com pany Overview Hit M e s m ission is t o com p let ely overh aul a b roken p aym ent s p rocessing syst em b y st art ing from scrat ch. HitMe is a fa ste r, sa fe r p a ym e n t tra n sfe r solution that sa ve s buyers and m erchants 50%+ on tra d ition a l c re d it card p roc e ssin g fees Patent-p e n d in g d istrib u te d ledger technology protocols m in im ize s the opportunity for id e n tity th e ft & fra u d Real-tim e tra n sa c tion processing e lim in a te s unexpected chargebacks Ap p m akes p a ym e n t g a te w a ys and h ard ware a th in g of the past HitMe is a com p le te ly independent,standalone fin a n c ia l network DEMAND IN ACTION: Our network will be m anaged by Series 7 Licensed Brokers that work for com panies like E*t rad e, Scottrade, Fidelity Investm ents, Charles Schwab and Raym ond Jam es Supercharged user growth th rough a referral system that reward s referring agents w ith an ongoing 17 c per tra n sa c tion success fe e 4

5 Th e Past : Credit Card Transaction Processing A credit card is authorized at the point of sale. At the end of the day, authorized transactions are settled and cleared as a batch. Card Network Cardholder Merchant Merchant Bank Cardholder Bank Sale Authorization Authorization Who pays w hat CARDHOLDER MERCHANT MERCHANT S BANK CARDHOLDER S BANK Annual Card Fee $30 -$500 p.a. Transaction Fee 3% Interchange Fee 0.25% Card Associat ion Fees Interest & Other Fees 19 % + Paym ent Gateway Subscription & Hardware (Varies) Card Associat ion Fees 5

6 Th e Fut ure: HitMe Transaction Processing Buyer & Seller each have the HitMe app Buyer HitMe Paym ent Network Merchant 1. Buyer w ants to m ake a p urchase 2. Buyer presented with Merchant s Hitm e ID Purch ase 3. Buyer selects New Transaction in the HitMe App 4. Buyer enters Merchant HitMe ID, the transaction am ount and a sh ort description of the p urchase 5. Buyer confirm s by entering PIN Who pays w hat 6. Merchant receives in st an t confirm ation of the transaction through their HitMe App and releases p urchase to buyer BUYER $0.645 Per transaction MERCHANT $0.645 Per transaction 7. Fund s are im m ediately transferred to Merchant s HitMe account and can be used, st ored or transferred into cash and deposited in Merchant s bank account 6

7 How HitMe Keeps PSI Safe Our patent-pending Personal Sensitive Inform ation (PSI) security protocol is a giant leap forward for paym ent networks. It begins the m om ent a user onboards by creating an additional encrypted layer to protect PSI SIGN UP & ENTER PSI Referral ID First Na m e Last Nam e Em a il Mobile number Four or six-d ig it p in Connect bank account via routing number & account number NO PSI SENT ENCRYPTED PSI SENT User takes a photo or selects an im age from their sm art device HitMe app reduces the im age to an encrypted form at And send s it to a Paym ent Card Ind ust ry Data Securit y Standard (PCI) com pliant server Th e encrypted data from the im age is broken down into a Public Key and a Private Key on the PCI com pliant server Th e Public Key is sent back to the sm art device as random chunks of encrypted data. Th e Public Key encapsulates the PSI on the sm art device and encrypts it Th e encrypted data st ream is sent back to the PCI com pliant server via secured w eb services for decryption b y t he Privat e Key residing on the server Th e Private Key distributes the inform ation to m ultiple databases located across m ultiple Am azon Web Services server farm s -each of which is secured with encrypted login and p assw ord s 7

8 Th e HitMe Platform of Exchange is called an SEDT Card HitMe users transfer balances between their linked fiat account and their HitMe account instantly and for free 1 SED T Card $1 8

9 Our Core Custom ers and How We Reach Them The Com pany s referral system offers a uniquely appealing incentive for brokerage firm s, e-com m erce platform s, social m edia influencers and charities to recom m end HitMe to users. BUYERS Will em brace HitMe s ease of use and its low, fixed and transparent transaction fees ONLINE INFLUENCERS HitMe s generous, ongoing referral fee offers an appealing way to m onetize influence. BROKERS & BROKERS AGENTS Within three weeks, we have had 7K individual brokers sign up as referring agents to encourage potential users to connect their trading accounts to HitMe. MERCHANTS Merchants will initially em brace HitMe as an alternative paym ent m ethod. Our low fees, security and im m ediate clearance will quickly m ake us a preferred provider. 9

10 Revenue Model Transaction Fee Buyer $0.645 Merchant $0.645 Gross Reven u e $ 1.29 Less Profit Sh a re Bu ye r Referrer $ 0.17 Se lle r Referrer $ 0.17 Net Revenue HitMe $

11 Industry and Competition = Wide Open Road Accounts affected by ONE Yahoo data breach in $3B $774M Losses from 13 m illion credit card and identity theft com plaints from to TOP 3 COMP ETITORS (ratings out of 5 ): The only thing the legacy networks have going for them is their current m onopoly 32.4% of all cyber attacks are carried out on Ecom m erce websites 32% 4 $450 Median am ount paid per com plaint The m obile paym ent players just operate on top of legacy networks. Venm o = Mastercard Net w ork, Cash = VisaNet Bad options for paym ent n et w orks - everything is built off VisaNet, Mastercard Netw ork, Am erican Exp ress & Discover PayPal is Visa in a p oorly secured d isguise.

12 Financial & Operational Projections 4M TRANSACTIONS EVERY M ONTH FROM Y2 Millio n s $250 $200 $150 $100 2M USERS TOTAL BY Y2 $50 $- Year 1 Year 2 Year 3 Year 4 Year 5 60% $42M Revenue EBITDA EBITDA MARGIN IN Y1 REVENUE IN Y2 12

13 Unique Paym ent Proposition We are filling a m ajor unm et need by pioneering our novel low-cost h igh-securit y p aym ent p rocessing network Large & Growing Digital Paym ents Market Unprecedented PSI security for maximum privacy Node Marketing Strategy Very Little Meaningful Com petition Appealing Profit Sh are Strategy Best Mover Advantage App-based platform m eans low barrier to uptake Highly Scalable Platform Proprietary Network Created on Top of Open Source Technology 13

14 JOIN US ON THIS EPIC JOURNEY to change the world of financial paym ents forever GET IN TOUCH 14