Preventing Online FraudDynamic CVV2 for yourCredit, Debit, & Prepaid Cards

$38 BillionThe Global Fraud Problem

Card Fraud losses to Card Issuers, Acquirers, and Merchants in 2018

$6.4 BillionThe Online Fraud Problem in the USA

United States Card Not Present (CNP) Fraud Losses in 2018

©2020 Keyno, Inc. 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.4

*

CNP Fraud Losses 2011 – 2018 20%+ Annual Growth

Where is Credit & Debit Card Fraud happening?

• In-Store: The Chip (EMV) is working, preventing fraud.

• Online: Card-Not-Present(CNP) fraud is growing 20% per year

• “CNP fraud accounts for 54% of all fraud losses ….but accounts for less than 15% of all sales billed to cards.”

Online Fraud is 54%

of all FraudOnline is

only 15% of all Sales

Source: The Nilson Report January 2020

©2020 Keyno, Inc. 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.5

88% of consumers are concerned their data will be stolen

Concerned Your Account/Data Will be Stolen in the Future?

*Source:2018 TSYS Consumer Payment Study

30% Extremely concerned

58% Moderatelyconcerned

12% Not very

concerned

©2020 Keyno, Inc. 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.6

Do Cardholders Want Dynamic

Security Codes?

4 out of 5 Consumers Prefer a dCVV2 to a Static CVV2

Source:, Forbes “This week in Credit Card News” March 25, 2016. Survey was of consumers who were familiar with dCVV2

A total of 1,013 online surveys were returned via Qualtrics among a national panel.

Ea sy To U n d e r s ta n d

Wo u l d Fe e l S a fe r U s i n g

Wo u l d L i ke l y U s e

8 0 %

6 7 %

7 4 %

Dynamic CVV2 is

©2020 Keyno, Inc. 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.7

Keyno provides a dynamic CVV2 that replaces the static CVV2 on your card

• Keyno CVVKeyTM is 2FA for your Credit & Debit Cards• Easy for Visa Card Issuers to implement

in 6-8 Weeks starting in 2Q 2020

• Validates seamlessly on VisaNet, Worldwide

• Works on already issued cards

• Individual cardholder sign up

• Available as Keyno’s App, a White Label App, or as an SDK Plug-in to a Bank’s App

The #1 way that online merchants prevent fraud is by requesting theCard Verification Numbers (CVV2/CVC2),and it is requested by over 87% of online merchants

Card Verification Number is generic name for the security code printed on the back of your card. CVV2 for Visa, CVC2 for MasterCard.

Source: Payment Forum 2019

©2020 Keyno, Inc. 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.9

Visa is the LargestU.S. Credit & Debit Card Network

Keyno is in collaboration with Visaon dynamic CVV2

©2020 Keyno, Inc. 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.10

Market AssessmentWorldwide Market - 2020• 15+ Billion Credit & Debit Cards Worldwide• 3+ Billion Credit & Debit Cards are Visa

©2020 Keyno, Inc. 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.11

Recent Industry Recognition of the Keyno Service

Nilson Report January 2020https://nilsonreport.com/upload/links/CNP_Fraud_Prevention_for_Issuers.pdf

Visa Security Conferences

Visa US Security ConferenceAug 19-21, 2019 San Francisco

Visa CEMEA Security Conference Oct 30-31, 2019 Barcelona Spain

Visa LAC Security Conference March 11-12, 2020 Miami Florida

Visa AP Security Conference Tokyo Japan (being rescheduled)

Keyno Team

Lester DiazFounder & CTO

MS Computer Science

15+ Years in Payments/Fintech

Former Lead Architect at FIS

Robert J SteinmanFounder & CEO

Engineer/MBA

6+ Years in Payments/Fintech

Serial Entrepreneur

Bryan A SteinmanProduct Manager &

Designer

Doctorate in Physical Therapy

5+ Years in Payments/Fintech

PMP, DBS , & PCI Compliance

Rustin CarpenterChief Revenue Adviser

BA / MBA - Finance

22+ Years in Payments

Datacard, ViVOtech, FIS,

Amex, Accenture, D&B

3

Russell PrettitoreRevenue Adviser

BS - Marketing

26+ Years in Payments

Saylent, MasterCard,

Metavante, First Data, NYCE

Thank You.