Akasha 8 Payments Development

Snapshot for Discussion Purposes Only

Proposal High Level Overview

• Establish a Payments Subsidiary in the Gibraltar (NewCo)• Purpose of company is a Payment Service Provider (PSP)• NewCo to certify with card associations (PCI)• NewCo to establish gateway relationships and banking relationships• NewCo to certify with the FSA for an Electronic Money Issuer License

(ELMI)• NewCo to establish its own card association

NewCo Software initiatives:

• Payment Software• Customer retention software• Dynamic cashier and messaging analytics• Intelligent transaction profiling and routing• Analytics and BI tools for merchant base• Fraud Reductions tools • Consolidated Reporting• Issuing relationships to issue prepaid card products• Wallet technology• Smart Card/Phone Technology

Phase 1

• Build or lease payment, wallet, reporting and fraud technologies• Certify with card associations• Begin certification for FSA/ELMI• Certify with gateways and banks for processing• Certify with ODFI or ACH provider• Consolidate all payments to NewCo• Establish analytics and profiling technologies• Establish consolidated reporting• Introduce customer retention initiatives via analytics (featurespace)• Introduce fraud reduction initiatives via analytics (featurespace)

Phase 2

• Introduce prepaid cards to customers• Introduce wallet technology to customers• Introduce marketing analytics and affinity programs

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Phase 3

• Build or lease Smart Card payment technologies• Establish NewCo card association (Non profit) Compliance

Functionality of Card Association and Smart Card/Phone:

• Card present payment system• Digital finger print on all transaction• Track IP, hardware, smart card and reader• Affinity marketing program with Brick and mortar • Jurisdictional compliance• Age Verification system• Taxation tracking system• Establish NewCo association rules and regulations for usage• Bridging the gap between brick and mortar and e-commerce

Value Proposition

NewCo:

• Awesome Events markets to drive adoption and acceptance of new payment technologies

• High level of ROI•

Akasha8 : http://patents.com/us-20080265020.htmlWhen someone steals an idea they do not steal the one’s brain that imagined it, if you steal you are stupid and these boys are pretty well the stupidest people I ever met in the market and they left out soooooooooo much : keith +Ranjith re do and add the missing and submit Patent

• ROI• Customer retention• Compliance• Profiled analytics• Fraud reduction

Jurisdiction:

• Taxation tool• Compliance• Age verification compliance

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• E-commerce fraud reduction• Card association fraud reduction

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