Mobile Payment for Hospitality

March 8, 2012 Paul Fiore, CEO

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Mobile Payment Questions

• Swipe vs. Tap?• Near field or Far field?• New hardware for merchants or POS integration?• Existing plastic networks or disruptive?• Stored value or tap into existing accounts?• Credentials stored in cloud or on device?• Device technology chip, screen, other?• Mobile carrier dependent or not?• Smart phone based app or mobile enabled?

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Hospitality

• Casinos • Hotels• Restaurants• Bars• Nightclubs• Stadiums

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Point of Sale (POS) is the Engine

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Venue Environment

• POS drives the venue operations– Kitchen printers– Management reports– Merchant processing– Cash draw– Inventory– Accounting– Staff operations, labor

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Unique vs. Traditional Retail

• Many servers share few touch-screen terminals• Payment acceptance terminal not always near

customer• Laser scanners not generally in use• Pre authentication needed prior to close-out• Tip component• Need for consumer to review / validate tab– No ‘beep’ like at grocery or retail

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Our Tailored Solution

• Integrated with POS systems• Leverage existing merchant processing

systems• Extend fixed location touch screen payment

terminal to every consumer with smartphone• Easy social media / check-in integration

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Tabbedout Approach

• Swipe vs. Tap? Neither• Near field or Far field? • New hardware for merchants or POS integration?• Existing plastic networks or disruptive? Both• Stored value or tap into existing accounts?• Credentials stored in cloud or on device?• Device technology chip, screen, other?• Mobile carrier dependent or not?• Smart phone based app or mobile enabled?

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Tabbedout Solution

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