Online Fraud Prevention for Credit, Debit, & Prepaid Cards€¦ · be disclosed, reproduced, or...

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Online Fraud Prevention for Credit, Debit, & Prepaid Cards

Transcript of Online Fraud Prevention for Credit, Debit, & Prepaid Cards€¦ · be disclosed, reproduced, or...

©2019 Keyno, I. All Rights Reserved. The contents of this presentation are confidential and should not be disclosed, reproduced, or distributed, to any third party without the prior written consent of Keyno, Inc.

Online Fraud Prevention for Credit, Debit, & Prepaid Cards

©2019 Keyno, I. All Rights Reserved. The contents of this presentation are confidential and should not be disclosed, reproduced, or distributed, to any third party without the prior written consent of Keyno, Inc.

What problem are we solving?

$38 Bil.Worldwide

Card Fraud losses to Card Issuers, Acquirers,

& Merchants in 2018

$14Profit Increase to

US Card Issuing Banksusing Keyno solution

After all feesPer Credit Card

Per Year

$6.4 Bil.United States

Card Not Present (CNP)Fraud Losses in 2018

CNP Credit Card Fraud Losses 2011 – 2018 20%+ Annual Growth

©2019 Keyno, I. All Rights Reserved. The contents of this presentation are confidential and should not be disclosed, reproduced, or distributed, to any third party without the prior written consent of Keyno, Inc.

CNP Fraud Prevention for Credit, Debit, & Prepaid Cards

is a dynamic CVV2 on your mobile phone that replaces the static CVV2 on the card

• Easy to implement • Validates seamlessly on VisaNet• Works on already issued cards

©2019 Keyno, I. All Rights Reserved. The contents of this presentation are confidential and should not be disclosed, reproduced, or distributed, to any third party without the prior written consent of Keyno, Inc.

Prevention (Issuing Bank)KEYNO CVVKey blocks fraud before it can occur

Detection (Merchant & Issuing Bank)Other fraud products hope to detect fraud by providing a risk score

Clean-up (3rd Party)Many fraud products are reactive and clean up fraud’s aftermath

We Prevent Fraud from occurring, others just try to detect it

©2019 Keyno, I. All Rights Reserved. The contents of this presentation are confidential and should not be disclosed, reproduced, or distributed, to any third party without the prior written consent of Keyno, Inc.

How big is the Market for Keyno?Worldwide 14B+ Cards & Growing

United States 1.5B+ Cards & Growing 1.2B+ Visa & MasterCard

©2019 Keyno, I. All Rights Reserved. The contents of this presentation are confidential and should not be disclosed, reproduced, or distributed, to any third party without the prior written consent of Keyno, Inc.

Survey Results* Smart phone based dCVV2A total of 1,013 online surveys were returned via Qualtricsamong a national panel.

*Surveys were conducted from January 26th through February 4th, 2016. Significance testing was performed at the 95% confidence level.

Customers prefer Keyno to a static CVV2

4 out of 5 consumers prefer a dynamic CVV2 to a static one.Source: Forbes, This week in Credit Card News March 25, 2016. Survey was of consumers who were familiar with dCVV2

©2019 Keyno, I. All Rights Reserved. The contents of this presentation are confidential and should not be disclosed, reproduced, or distributed, to any third party without the prior written consent of Keyno, Inc.

Visa US Security Conference Aug 19-21, 2019 San Francisco

Visa Security Conferences

Visa CEMEA Security Conference Oct 30 -31, Barcelona Spain

Visa LAC Security Conference March, 2020

©2019 Keyno, I. All Rights Reserved. The contents of this presentation are confidential and should not be disclosed, reproduced, or distributed, to any third party without the prior written consent of Keyno, Inc.

Financial Projections

$0

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

April 1 2019 - March 312020

March 31 2021 March 31 2022 March 31 2023 March 31 2024

Revenue Expenses

Budget Year April 1 – March 31 March 31, 2020 March 31, 2021 March 31, 2022 March 31, 2023 March 31, 2024Revenue $0 $649,297 $9,925,779 $29,956,806 $55,848,995Expenses ($1,200,840) ($2,743,172) ($5,733,841) ($11,850,025) ($16,966,190)

Revenue Assumptions: Contract signing to deployment is six months, sign in the fall deploy in spring, or vice versa, 18 months to reach Banks potential after deployment, 25% penetration, 1 Bank in BY20, 7 BY21, 27 BY22 , 37 BY23, 56 BY24, Staff –18 BY21

©2019 Keyno, I. All Rights Reserved. The contents of this presentation are confidential and should not be disclosed, reproduced, or distributed, to any third party without the prior written consent of Keyno, Inc.

CompetitionFeature Keyno

Dynamic Security Code Cards(Motion Code Card)

Fraud Dedection Solution (3D Secure)

Protects CNP transaction if the card is lost or stolen

Works on existing cards in market

Qualifies as a PSD2 Knowledge Element (Allowing for simpler online purchases in Europe)

Supports multiple cards

Supports any card type

Card Issuer implimented vs. merchant controlled

Minimal Card Issuer integration required

Preventive vs detective

Reduces false positive declined transactions

©2019 Keyno, I. All Rights Reserved. The contents of this presentation are confidential and should not be disclosed, reproduced, or distributed, to any third party without the prior written consent of Keyno, Inc.

Milestones & Goals

April 1, 2019

July 2019

First Client

Q3 2020 Q4 2020

Launch

Visa Integration

Q1 2020

First Income Series A

1M Customers

Widespread Industry Acceptance

Q1 2021

August 2019

Visa Security Summit

©2019 Keyno, I. All Rights Reserved. The contents of this presentation are confidential and should not be disclosed, reproduced, or distributed, to any third party without the prior written consent of Keyno, Inc.

Team

Robert J SteinmanFounder & CEO

Rustin CarpenterChief Revenue Adviser

Lester DiazFounder & CTO

Bryan A SteinmanProduct Manager

*MS Computer Science*15+ Years in Payments/Fintech*Former Lead Architect at FIS

*Engineer/MBA*Serial Entrepreneur (63M) *5+ Years in Fintech

*BA / MBA - Finance*22+ Years in Payments*Datacard, ViVOtech, FIS, Amex, Accenture, D&B

*BS / DPT Health Sciences*Compliance Expertise*Marketing & Social Media*5+ Years in Fintech

The experience, knowledge, and skills to succeed The most experienced in the industry on dCVV2 Relationships at 67 of the top 100 North Am Banks

©2019 Keyno, I. All Rights Reserved. The contents of this presentation are confidential and should not be disclosed, reproduced, or distributed, to any third party without the prior written consent of Keyno, Inc.

Thank You

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