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