wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom 1

Welcome to

White Eagle (Europe) Plc

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Introduction to White Eagle (Europe) Plc

bull White Eagle (Europe) Plc is a privately owned and funded company

bull Established in March 2007

bull Corporate Head Office based in Buckinghamshire United Kingdom

bull Approved MasterCard and Visa Service Provider

bull Award winning technology provider of global end-to-end prepaid card e-payment e-wallet and mobile banking payment solutions

bull White Eagle owns its dynamic E-money Payment Platform and Gateway designed specifically for this market which is continually developed to ensure our technology is at the cutting edge of market changes

bull Provide a number of E-money services and ldquoplug and playrdquo integration with other parties

bull Authorised to issue e-money solutions in the SEPA region

bull Adhere to a strict security policy and comply with the PCI DSS security compliance (PCI DSS Level 1)

bull Adhere to PRINCE II Project Managements quality standards for on-time and

on-budget programme delivery

3

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Card BureauWhite Eagle

BIN Sponsor

Bank Account

Programme ApprovalBIN Allocation

Fund ManagementReconciliation amp

Settlement

Issuer amp AcquirerCard amp Transaction

ManagementFraudtransaction

monitoring

Processor

Secure management of

funds

Card production amp personalisationCard fulfilment

Printing facilities

ClientClient transfers funds

to account to pre-fund card loads

Programme build and set-upProgramme monitoring

(compliance)Customer service

Marketing

Programme Director loads

cards with funds from client

3

Our Role

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

The role of the Programme Director

The Programme Director (White Eagle) is the integrating partner working between the Issuer Processor Loading Agencies and Card Production to deliver the programme to the client

In summary the programme manager

Contract with the client to deliver clientrsquos programme in full

Contract with and integrate with the issuerBin SponsorBank

Contract and Integrate with the processor

Manage the reconciliation for all parties

Manage compliance aspects both Scheme and Regulatory

Manage interconnection of value added services

Manage the call centre operation

Design build and test the relevant online portals

Implement and maintain the anti fraud protection

Deliver all CRM reports on all aspects of the programme

4

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Our Services

White Eagle provides end-to-end E-moneyMobile money prepaid solutions allowing our clients to focus on core business

Consultation and Professional Advice regarding Scheme Type

Submission of Scheme to Regulatory Bodies (SIA Approval)

Production of PID (Project Initiation Document)

Production of PSD (Project Scope Document)

Appointment of Dedicated Project Manager (Prince 2 min)

Productionongoing management of Project PlanGant Chart

Management of all Compliance matters including AML JMLSG PSD banking code data protection PCI DSS

Bespoke Card Design and Approval

Card Carrier Design and Approval

Payment Service Provider (PSP) provision

Fully functional online card application pages

Provide Customer Service operations inc call centre Web and SMS

Multilingual IVR (Interactive Voice Response) solution

Access to the MasterCard retailer and ATM network

Design support of marketing collateral

Services that White Eagle Prepaid typically provides include

5

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Our Services (continued)Management of all 3rd Party integrations including

Processor

Post OfficePayPoint etc

Card Manufacturer

Personal Data Verification (KYC)

Local Load ChannelsRetailers

Website Design including

Application Pages

My Account

FAQrsquos

Terms and Conditions

Contact Us

General Content

Provision of SMS and IVR services - Balance Block Unblock

Share Lost etc

Provision of Real Time Reporting including

E-walletCard Ordering

E-WalletCards Activated

E-WalletCards Loaded (by type - Bank Post Office etc)

Transaction Activity Report (ATM POS Load Channel etc)

E-WalletCard Status

Ongoing Account Management including lsquoFraud

Monitoringrsquo and Customer Services 247365

6

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom 7

The Market

Prepaid e-payment and e-wallet

E-money electronic payments and Prepaid Cards can be used for a multitude of purposes such as Money Remittance Employee Payroll Government Benefits Corporate Expenses Incentives Travel and Gifts In addition Prepaid Cards provide services to consumers excluded from traditional banking relationships

Industry being fuelled by trend towards electronic payments as opposed to cash-based payments The use of Prepaid Cards which are essentially ldquodebitrdquo cards and E-money payments set to see further significant growth over the coming years

The electronic card market in the UK alone accounts for 274m transactions per day worth some pound156bn or pound5694bn annually (Creditactionorguk)

UK Prepaid E-money payments are expected to represent 79 of all card volumes which equates to pound4495bn annually (source MasterCard 2010)

European prepaid market conducted by US research consultancy Boston Consulting Group (BCG) According to the study spending on prepaid payment cards in Europe is estimated to reach $164 billion by 2010 with the UK being Europersquos largest single market for prepaid card payments by volume httpwwwvrl-financial-newscomcards--paymentscards-internationalissuesci-2007ci380european-prepaid-spending-setaspx

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Introduction to White Eagle (Europe) Plc

bull White Eagle (Europe) Plc is a privately owned and funded company

bull Established in March 2007

bull Corporate Head Office based in Buckinghamshire United Kingdom

bull Approved MasterCard and Visa Service Provider

bull Award winning technology provider of global end-to-end prepaid card e-payment e-wallet and mobile banking payment solutions

bull White Eagle owns its dynamic E-money Payment Platform and Gateway designed specifically for this market which is continually developed to ensure our technology is at the cutting edge of market changes

bull Provide a number of E-money services and ldquoplug and playrdquo integration with other parties

bull Authorised to issue e-money solutions in the SEPA region

bull Adhere to a strict security policy and comply with the PCI DSS security compliance (PCI DSS Level 1)

bull Adhere to PRINCE II Project Managements quality standards for on-time and

on-budget programme delivery

3

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Card BureauWhite Eagle

BIN Sponsor

Bank Account

Programme ApprovalBIN Allocation

Fund ManagementReconciliation amp

Settlement

Issuer amp AcquirerCard amp Transaction

ManagementFraudtransaction

monitoring

Processor

Secure management of

funds

Card production amp personalisationCard fulfilment

Printing facilities

ClientClient transfers funds

to account to pre-fund card loads

Programme build and set-upProgramme monitoring

(compliance)Customer service

Marketing

Programme Director loads

cards with funds from client

3

Our Role

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

The role of the Programme Director

The Programme Director (White Eagle) is the integrating partner working between the Issuer Processor Loading Agencies and Card Production to deliver the programme to the client

In summary the programme manager

Contract with the client to deliver clientrsquos programme in full

Contract with and integrate with the issuerBin SponsorBank

Contract and Integrate with the processor

Manage the reconciliation for all parties

Manage compliance aspects both Scheme and Regulatory

Manage interconnection of value added services

Manage the call centre operation

Design build and test the relevant online portals

Implement and maintain the anti fraud protection

Deliver all CRM reports on all aspects of the programme

4

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Our Services

White Eagle provides end-to-end E-moneyMobile money prepaid solutions allowing our clients to focus on core business

Consultation and Professional Advice regarding Scheme Type

Submission of Scheme to Regulatory Bodies (SIA Approval)

Production of PID (Project Initiation Document)

Production of PSD (Project Scope Document)

Appointment of Dedicated Project Manager (Prince 2 min)

Productionongoing management of Project PlanGant Chart

Management of all Compliance matters including AML JMLSG PSD banking code data protection PCI DSS

Bespoke Card Design and Approval

Card Carrier Design and Approval

Payment Service Provider (PSP) provision

Fully functional online card application pages

Provide Customer Service operations inc call centre Web and SMS

Multilingual IVR (Interactive Voice Response) solution

Access to the MasterCard retailer and ATM network

Design support of marketing collateral

Services that White Eagle Prepaid typically provides include

5

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Our Services (continued)Management of all 3rd Party integrations including

Processor

Post OfficePayPoint etc

Card Manufacturer

Personal Data Verification (KYC)

Local Load ChannelsRetailers

Website Design including

Application Pages

My Account

FAQrsquos

Terms and Conditions

Contact Us

General Content

Provision of SMS and IVR services - Balance Block Unblock

Share Lost etc

Provision of Real Time Reporting including

E-walletCard Ordering

E-WalletCards Activated

E-WalletCards Loaded (by type - Bank Post Office etc)

Transaction Activity Report (ATM POS Load Channel etc)

E-WalletCard Status

Ongoing Account Management including lsquoFraud

Monitoringrsquo and Customer Services 247365

6

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom 7

The Market

Prepaid e-payment and e-wallet

E-money electronic payments and Prepaid Cards can be used for a multitude of purposes such as Money Remittance Employee Payroll Government Benefits Corporate Expenses Incentives Travel and Gifts In addition Prepaid Cards provide services to consumers excluded from traditional banking relationships

Industry being fuelled by trend towards electronic payments as opposed to cash-based payments The use of Prepaid Cards which are essentially ldquodebitrdquo cards and E-money payments set to see further significant growth over the coming years

The electronic card market in the UK alone accounts for 274m transactions per day worth some pound156bn or pound5694bn annually (Creditactionorguk)

UK Prepaid E-money payments are expected to represent 79 of all card volumes which equates to pound4495bn annually (source MasterCard 2010)

European prepaid market conducted by US research consultancy Boston Consulting Group (BCG) According to the study spending on prepaid payment cards in Europe is estimated to reach $164 billion by 2010 with the UK being Europersquos largest single market for prepaid card payments by volume httpwwwvrl-financial-newscomcards--paymentscards-internationalissuesci-2007ci380european-prepaid-spending-setaspx

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Card BureauWhite Eagle

BIN Sponsor

Bank Account

Programme ApprovalBIN Allocation

Fund ManagementReconciliation amp

Settlement

Issuer amp AcquirerCard amp Transaction

ManagementFraudtransaction

monitoring

Processor

Secure management of

funds

Card production amp personalisationCard fulfilment

Printing facilities

ClientClient transfers funds

to account to pre-fund card loads

Programme build and set-upProgramme monitoring

(compliance)Customer service

Marketing

Programme Director loads

cards with funds from client

3

Our Role

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

The role of the Programme Director

The Programme Director (White Eagle) is the integrating partner working between the Issuer Processor Loading Agencies and Card Production to deliver the programme to the client

In summary the programme manager

Contract with the client to deliver clientrsquos programme in full

Contract with and integrate with the issuerBin SponsorBank

Contract and Integrate with the processor

Manage the reconciliation for all parties

Manage compliance aspects both Scheme and Regulatory

Manage interconnection of value added services

Manage the call centre operation

Design build and test the relevant online portals

Implement and maintain the anti fraud protection

Deliver all CRM reports on all aspects of the programme

4

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Our Services

White Eagle provides end-to-end E-moneyMobile money prepaid solutions allowing our clients to focus on core business

Consultation and Professional Advice regarding Scheme Type

Submission of Scheme to Regulatory Bodies (SIA Approval)

Production of PID (Project Initiation Document)

Production of PSD (Project Scope Document)

Appointment of Dedicated Project Manager (Prince 2 min)

Productionongoing management of Project PlanGant Chart

Management of all Compliance matters including AML JMLSG PSD banking code data protection PCI DSS

Bespoke Card Design and Approval

Card Carrier Design and Approval

Payment Service Provider (PSP) provision

Fully functional online card application pages

Provide Customer Service operations inc call centre Web and SMS

Multilingual IVR (Interactive Voice Response) solution

Access to the MasterCard retailer and ATM network

Design support of marketing collateral

Services that White Eagle Prepaid typically provides include

5

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Our Services (continued)Management of all 3rd Party integrations including

Processor

Post OfficePayPoint etc

Card Manufacturer

Personal Data Verification (KYC)

Local Load ChannelsRetailers

Website Design including

Application Pages

My Account

FAQrsquos

Terms and Conditions

Contact Us

General Content

Provision of SMS and IVR services - Balance Block Unblock

Share Lost etc

Provision of Real Time Reporting including

E-walletCard Ordering

E-WalletCards Activated

E-WalletCards Loaded (by type - Bank Post Office etc)

Transaction Activity Report (ATM POS Load Channel etc)

E-WalletCard Status

Ongoing Account Management including lsquoFraud

Monitoringrsquo and Customer Services 247365

6

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom 7

The Market

Prepaid e-payment and e-wallet

E-money electronic payments and Prepaid Cards can be used for a multitude of purposes such as Money Remittance Employee Payroll Government Benefits Corporate Expenses Incentives Travel and Gifts In addition Prepaid Cards provide services to consumers excluded from traditional banking relationships

Industry being fuelled by trend towards electronic payments as opposed to cash-based payments The use of Prepaid Cards which are essentially ldquodebitrdquo cards and E-money payments set to see further significant growth over the coming years

The electronic card market in the UK alone accounts for 274m transactions per day worth some pound156bn or pound5694bn annually (Creditactionorguk)

UK Prepaid E-money payments are expected to represent 79 of all card volumes which equates to pound4495bn annually (source MasterCard 2010)

European prepaid market conducted by US research consultancy Boston Consulting Group (BCG) According to the study spending on prepaid payment cards in Europe is estimated to reach $164 billion by 2010 with the UK being Europersquos largest single market for prepaid card payments by volume httpwwwvrl-financial-newscomcards--paymentscards-internationalissuesci-2007ci380european-prepaid-spending-setaspx

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

The role of the Programme Director

The Programme Director (White Eagle) is the integrating partner working between the Issuer Processor Loading Agencies and Card Production to deliver the programme to the client

In summary the programme manager

Contract with the client to deliver clientrsquos programme in full

Contract with and integrate with the issuerBin SponsorBank

Contract and Integrate with the processor

Manage the reconciliation for all parties

Manage compliance aspects both Scheme and Regulatory

Manage interconnection of value added services

Manage the call centre operation

Design build and test the relevant online portals

Implement and maintain the anti fraud protection

Deliver all CRM reports on all aspects of the programme

4

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Our Services

White Eagle provides end-to-end E-moneyMobile money prepaid solutions allowing our clients to focus on core business

Consultation and Professional Advice regarding Scheme Type

Submission of Scheme to Regulatory Bodies (SIA Approval)

Production of PID (Project Initiation Document)

Production of PSD (Project Scope Document)

Appointment of Dedicated Project Manager (Prince 2 min)

Productionongoing management of Project PlanGant Chart

Management of all Compliance matters including AML JMLSG PSD banking code data protection PCI DSS

Bespoke Card Design and Approval

Card Carrier Design and Approval

Payment Service Provider (PSP) provision

Fully functional online card application pages

Provide Customer Service operations inc call centre Web and SMS

Multilingual IVR (Interactive Voice Response) solution

Access to the MasterCard retailer and ATM network

Design support of marketing collateral

Services that White Eagle Prepaid typically provides include

5

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Our Services (continued)Management of all 3rd Party integrations including

Processor

Post OfficePayPoint etc

Card Manufacturer

Personal Data Verification (KYC)

Local Load ChannelsRetailers

Website Design including

Application Pages

My Account

FAQrsquos

Terms and Conditions

Contact Us

General Content

Provision of SMS and IVR services - Balance Block Unblock

Share Lost etc

Provision of Real Time Reporting including

E-walletCard Ordering

E-WalletCards Activated

E-WalletCards Loaded (by type - Bank Post Office etc)

Transaction Activity Report (ATM POS Load Channel etc)

E-WalletCard Status

Ongoing Account Management including lsquoFraud

Monitoringrsquo and Customer Services 247365

6

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom 7

The Market

Prepaid e-payment and e-wallet

E-money electronic payments and Prepaid Cards can be used for a multitude of purposes such as Money Remittance Employee Payroll Government Benefits Corporate Expenses Incentives Travel and Gifts In addition Prepaid Cards provide services to consumers excluded from traditional banking relationships

Industry being fuelled by trend towards electronic payments as opposed to cash-based payments The use of Prepaid Cards which are essentially ldquodebitrdquo cards and E-money payments set to see further significant growth over the coming years

The electronic card market in the UK alone accounts for 274m transactions per day worth some pound156bn or pound5694bn annually (Creditactionorguk)

UK Prepaid E-money payments are expected to represent 79 of all card volumes which equates to pound4495bn annually (source MasterCard 2010)

European prepaid market conducted by US research consultancy Boston Consulting Group (BCG) According to the study spending on prepaid payment cards in Europe is estimated to reach $164 billion by 2010 with the UK being Europersquos largest single market for prepaid card payments by volume httpwwwvrl-financial-newscomcards--paymentscards-internationalissuesci-2007ci380european-prepaid-spending-setaspx

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Our Services

White Eagle provides end-to-end E-moneyMobile money prepaid solutions allowing our clients to focus on core business

Consultation and Professional Advice regarding Scheme Type

Submission of Scheme to Regulatory Bodies (SIA Approval)

Production of PID (Project Initiation Document)

Production of PSD (Project Scope Document)

Appointment of Dedicated Project Manager (Prince 2 min)

Productionongoing management of Project PlanGant Chart

Management of all Compliance matters including AML JMLSG PSD banking code data protection PCI DSS

Bespoke Card Design and Approval

Card Carrier Design and Approval

Payment Service Provider (PSP) provision

Fully functional online card application pages

Provide Customer Service operations inc call centre Web and SMS

Multilingual IVR (Interactive Voice Response) solution

Access to the MasterCard retailer and ATM network

Design support of marketing collateral

Services that White Eagle Prepaid typically provides include

5

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Our Services (continued)Management of all 3rd Party integrations including

Processor

Post OfficePayPoint etc

Card Manufacturer

Personal Data Verification (KYC)

Local Load ChannelsRetailers

Website Design including

Application Pages

My Account

FAQrsquos

Terms and Conditions

Contact Us

General Content

Provision of SMS and IVR services - Balance Block Unblock

Share Lost etc

Provision of Real Time Reporting including

E-walletCard Ordering

E-WalletCards Activated

E-WalletCards Loaded (by type - Bank Post Office etc)

Transaction Activity Report (ATM POS Load Channel etc)

E-WalletCard Status

Ongoing Account Management including lsquoFraud

Monitoringrsquo and Customer Services 247365

6

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom 7

The Market

Prepaid e-payment and e-wallet

E-money electronic payments and Prepaid Cards can be used for a multitude of purposes such as Money Remittance Employee Payroll Government Benefits Corporate Expenses Incentives Travel and Gifts In addition Prepaid Cards provide services to consumers excluded from traditional banking relationships

Industry being fuelled by trend towards electronic payments as opposed to cash-based payments The use of Prepaid Cards which are essentially ldquodebitrdquo cards and E-money payments set to see further significant growth over the coming years

The electronic card market in the UK alone accounts for 274m transactions per day worth some pound156bn or pound5694bn annually (Creditactionorguk)

UK Prepaid E-money payments are expected to represent 79 of all card volumes which equates to pound4495bn annually (source MasterCard 2010)

European prepaid market conducted by US research consultancy Boston Consulting Group (BCG) According to the study spending on prepaid payment cards in Europe is estimated to reach $164 billion by 2010 with the UK being Europersquos largest single market for prepaid card payments by volume httpwwwvrl-financial-newscomcards--paymentscards-internationalissuesci-2007ci380european-prepaid-spending-setaspx

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Our Services (continued)Management of all 3rd Party integrations including

Processor

Post OfficePayPoint etc

Card Manufacturer

Personal Data Verification (KYC)

Local Load ChannelsRetailers

Website Design including

Application Pages

My Account

FAQrsquos

Terms and Conditions

Contact Us

General Content

Provision of SMS and IVR services - Balance Block Unblock

Share Lost etc

Provision of Real Time Reporting including

E-walletCard Ordering

E-WalletCards Activated

E-WalletCards Loaded (by type - Bank Post Office etc)

Transaction Activity Report (ATM POS Load Channel etc)

E-WalletCard Status

Ongoing Account Management including lsquoFraud

Monitoringrsquo and Customer Services 247365

6

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom 7

The Market

Prepaid e-payment and e-wallet

E-money electronic payments and Prepaid Cards can be used for a multitude of purposes such as Money Remittance Employee Payroll Government Benefits Corporate Expenses Incentives Travel and Gifts In addition Prepaid Cards provide services to consumers excluded from traditional banking relationships

Industry being fuelled by trend towards electronic payments as opposed to cash-based payments The use of Prepaid Cards which are essentially ldquodebitrdquo cards and E-money payments set to see further significant growth over the coming years

The electronic card market in the UK alone accounts for 274m transactions per day worth some pound156bn or pound5694bn annually (Creditactionorguk)

UK Prepaid E-money payments are expected to represent 79 of all card volumes which equates to pound4495bn annually (source MasterCard 2010)

European prepaid market conducted by US research consultancy Boston Consulting Group (BCG) According to the study spending on prepaid payment cards in Europe is estimated to reach $164 billion by 2010 with the UK being Europersquos largest single market for prepaid card payments by volume httpwwwvrl-financial-newscomcards--paymentscards-internationalissuesci-2007ci380european-prepaid-spending-setaspx

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom 7

The Market

Prepaid e-payment and e-wallet

E-money electronic payments and Prepaid Cards can be used for a multitude of purposes such as Money Remittance Employee Payroll Government Benefits Corporate Expenses Incentives Travel and Gifts In addition Prepaid Cards provide services to consumers excluded from traditional banking relationships

Industry being fuelled by trend towards electronic payments as opposed to cash-based payments The use of Prepaid Cards which are essentially ldquodebitrdquo cards and E-money payments set to see further significant growth over the coming years

The electronic card market in the UK alone accounts for 274m transactions per day worth some pound156bn or pound5694bn annually (Creditactionorguk)

UK Prepaid E-money payments are expected to represent 79 of all card volumes which equates to pound4495bn annually (source MasterCard 2010)

European prepaid market conducted by US research consultancy Boston Consulting Group (BCG) According to the study spending on prepaid payment cards in Europe is estimated to reach $164 billion by 2010 with the UK being Europersquos largest single market for prepaid card payments by volume httpwwwvrl-financial-newscomcards--paymentscards-internationalissuesci-2007ci380european-prepaid-spending-setaspx

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Market drivers

Consumer

convenience

Gift general

purpose

Digital products amp

distribution

Mobile banking

Developing

economies

Banking the

unbankedPaper to electronic

payments

Government payroll

Basic banking

regulations

Serving the

unserved

Increasing buying

power of youth

Youth cards

Work force

globalisation

Remittances

MARKET

DRIVERS

8

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Our Partners

9

BIN Sponsor

Transact

Current Trust AccountRoyal Bank of Scotland

Daily Settlement AccountHSBC Bank

ProcessorFIS

Cardholder Verification

GB Group

Intelligent ID

Card Manufacturing

Thames

Oberthur

Card Personalisation

ServerSide

Acquiring Network

Visa

MasterCard

Telco

Verizon

Cable and Wireless

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Our Partners

9

BIN Sponsor

Transact

Current Trust AccountRoyal Bank of Scotland

Daily Settlement AccountHSBC Bank

ProcessorFIS

Cardholder Verification

GB Group

Intelligent ID

Card Manufacturing

Thames

Oberthur

Card Personalisation

ServerSide

Acquiring Network

Visa

MasterCard

Telco

Verizon

Cable and Wireless

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

White Eaglersquos IP platform

10

MOBILE

bull Card Management SMS

bull Activate Account

bull Balance check

bull Last 4 transactionsmini statement

bull BlockUnblock

bull Money transfer ndashaccount to account

bull Block Unblock

bull EX ndash Check exchange rates- real time

IVR - CARD MANAGEMENT

bull Interactive Voice Response platform

bull Allows the 24 7 access to

bull Account activation

bull Balance last 4 transactions

bull PINPIN reminder

bull Foreign exchange

OBI (Online Business Intelligence)

REPORTING

bull Online reports data including

bull Carde-wallet orders

bull Account activated

bull Loads by value number type location

bull Transaction values and volumes spending trends by merchant code

bull Access via secure login

bull Differing functionality

bull Can be fully interrogated

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

White Eagle e-money Solution

White Eagle IP

BankTrust Account

Branded e-account card

11

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Routes to market

12

12

bull Targeting unbanked and sub prime C2DE population

bull Retail distribution contracts withbull Smiths and Menzies newspaper

chainsbull Cost Cutter Spar Palmer amp

Harvey Cash Generator Booker Shaktie Group

bull In excess of 10000 UK wide retailers

DIRECT SALES

WHITE LABEL

PAYROLL

bull Distribution to end users secured via customers

bull Lower cost of customer acquisition

bull lsquoStickierrsquo customer base due to brand loyalty

WEB amp

RETAIL

Govt Benefits

CORPORTE INCENTIVE

Instant Issue

Turnkey Solutions

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Live white label programs - White Eagle (December 2010)

13

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Achievements to date Strong third party supplier relationships

MasterCard and Visa lsquoMember Service Providerrsquo

Transact (BIN sponsors)

FIS (card processing services)

GB Group (KYC verification)

POS lsquotop uprsquo service providers eg PayPoint and the Post Office Retailers

To date White Eagle have built and delivered 14 lsquowhite labelrsquo programmes including Ceridian Evolution (the UKrsquos leading provider of HR and payroll services) and HSBC (the UKrsquos largest retail bank) ndash Many large Opportunities in current Sales Pipeline

Eagle IP developed a bespoke suite of e-money management solutions that includes SMS transfers and account management online account management and IVR (interactive voice response) customer enquiry management ndashthis in house solution offers strategic flexibility and represents a competitive advantage over rivals

The Company has received industry recognition

Shortlisted for ldquoBest Technology Initiativerdquo Card amp Payment Awards 2011

Winner MasterCard ldquoBest Marketing and Distribution Awardrdquo (2008)

Winner ldquoBest Card Cross Selling Programme of the Yearrdquo (Card Awards 2009 )

Winner rdquoEntrepreneurial Business of the Year 2009rdquo (BPCC Annual Awards 2009)

Winner ldquoBest Money Transfer Prepaid Cardrdquo (Prepaid365 Awards 2009)

Winner ldquoBest Payroll and Expenses Prepaid Cardrdquo (Prepaid365 Awards 2009)

14

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom 15

Contact White Eagle nowand explore the opportunities

wwwwhite-eaglegroupcomtelephone +44 (0) 7785 336 633warrenhardywhite-eaglecom

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

White Eagle e-money Solution

White Eagle IP

BankTrust Account

Branded e-account card

11

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Routes to market

12

12

bull Targeting unbanked and sub prime C2DE population

bull Retail distribution contracts withbull Smiths and Menzies newspaper

chainsbull Cost Cutter Spar Palmer amp

Harvey Cash Generator Booker Shaktie Group

bull In excess of 10000 UK wide retailers

DIRECT SALES

WHITE LABEL

PAYROLL

bull Distribution to end users secured via customers

bull Lower cost of customer acquisition

bull lsquoStickierrsquo customer base due to brand loyalty

WEB amp

RETAIL

Govt Benefits

CORPORTE INCENTIVE

Instant Issue

Turnkey Solutions

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Live white label programs - White Eagle (December 2010)

13

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Achievements to date Strong third party supplier relationships

MasterCard and Visa lsquoMember Service Providerrsquo

Transact (BIN sponsors)

FIS (card processing services)

GB Group (KYC verification)

POS lsquotop uprsquo service providers eg PayPoint and the Post Office Retailers

To date White Eagle have built and delivered 14 lsquowhite labelrsquo programmes including Ceridian Evolution (the UKrsquos leading provider of HR and payroll services) and HSBC (the UKrsquos largest retail bank) ndash Many large Opportunities in current Sales Pipeline

Eagle IP developed a bespoke suite of e-money management solutions that includes SMS transfers and account management online account management and IVR (interactive voice response) customer enquiry management ndashthis in house solution offers strategic flexibility and represents a competitive advantage over rivals

The Company has received industry recognition

Shortlisted for ldquoBest Technology Initiativerdquo Card amp Payment Awards 2011

Winner MasterCard ldquoBest Marketing and Distribution Awardrdquo (2008)

Winner ldquoBest Card Cross Selling Programme of the Yearrdquo (Card Awards 2009 )

Winner rdquoEntrepreneurial Business of the Year 2009rdquo (BPCC Annual Awards 2009)

Winner ldquoBest Money Transfer Prepaid Cardrdquo (Prepaid365 Awards 2009)

Winner ldquoBest Payroll and Expenses Prepaid Cardrdquo (Prepaid365 Awards 2009)

14

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom 15

Contact White Eagle nowand explore the opportunities

wwwwhite-eaglegroupcomtelephone +44 (0) 7785 336 633warrenhardywhite-eaglecom

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Routes to market

12

12

bull Targeting unbanked and sub prime C2DE population

bull Retail distribution contracts withbull Smiths and Menzies newspaper

chainsbull Cost Cutter Spar Palmer amp

Harvey Cash Generator Booker Shaktie Group

bull In excess of 10000 UK wide retailers

DIRECT SALES

WHITE LABEL

PAYROLL

bull Distribution to end users secured via customers

bull Lower cost of customer acquisition

bull lsquoStickierrsquo customer base due to brand loyalty

WEB amp

RETAIL

Govt Benefits

CORPORTE INCENTIVE

Instant Issue

Turnkey Solutions

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Live white label programs - White Eagle (December 2010)

13

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Achievements to date Strong third party supplier relationships

MasterCard and Visa lsquoMember Service Providerrsquo

Transact (BIN sponsors)

FIS (card processing services)

GB Group (KYC verification)

POS lsquotop uprsquo service providers eg PayPoint and the Post Office Retailers

To date White Eagle have built and delivered 14 lsquowhite labelrsquo programmes including Ceridian Evolution (the UKrsquos leading provider of HR and payroll services) and HSBC (the UKrsquos largest retail bank) ndash Many large Opportunities in current Sales Pipeline

Eagle IP developed a bespoke suite of e-money management solutions that includes SMS transfers and account management online account management and IVR (interactive voice response) customer enquiry management ndashthis in house solution offers strategic flexibility and represents a competitive advantage over rivals

The Company has received industry recognition

Shortlisted for ldquoBest Technology Initiativerdquo Card amp Payment Awards 2011

Winner MasterCard ldquoBest Marketing and Distribution Awardrdquo (2008)

Winner ldquoBest Card Cross Selling Programme of the Yearrdquo (Card Awards 2009 )

Winner rdquoEntrepreneurial Business of the Year 2009rdquo (BPCC Annual Awards 2009)

Winner ldquoBest Money Transfer Prepaid Cardrdquo (Prepaid365 Awards 2009)

Winner ldquoBest Payroll and Expenses Prepaid Cardrdquo (Prepaid365 Awards 2009)

14

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom 15

Contact White Eagle nowand explore the opportunities

wwwwhite-eaglegroupcomtelephone +44 (0) 7785 336 633warrenhardywhite-eaglecom

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Live white label programs - White Eagle (December 2010)

13

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Achievements to date Strong third party supplier relationships

MasterCard and Visa lsquoMember Service Providerrsquo

Transact (BIN sponsors)

FIS (card processing services)

GB Group (KYC verification)

POS lsquotop uprsquo service providers eg PayPoint and the Post Office Retailers

To date White Eagle have built and delivered 14 lsquowhite labelrsquo programmes including Ceridian Evolution (the UKrsquos leading provider of HR and payroll services) and HSBC (the UKrsquos largest retail bank) ndash Many large Opportunities in current Sales Pipeline

Eagle IP developed a bespoke suite of e-money management solutions that includes SMS transfers and account management online account management and IVR (interactive voice response) customer enquiry management ndashthis in house solution offers strategic flexibility and represents a competitive advantage over rivals

The Company has received industry recognition

Shortlisted for ldquoBest Technology Initiativerdquo Card amp Payment Awards 2011

Winner MasterCard ldquoBest Marketing and Distribution Awardrdquo (2008)

Winner ldquoBest Card Cross Selling Programme of the Yearrdquo (Card Awards 2009 )

Winner rdquoEntrepreneurial Business of the Year 2009rdquo (BPCC Annual Awards 2009)

Winner ldquoBest Money Transfer Prepaid Cardrdquo (Prepaid365 Awards 2009)

Winner ldquoBest Payroll and Expenses Prepaid Cardrdquo (Prepaid365 Awards 2009)

14

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom 15

Contact White Eagle nowand explore the opportunities

wwwwhite-eaglegroupcomtelephone +44 (0) 7785 336 633warrenhardywhite-eaglecom

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom

Achievements to date Strong third party supplier relationships

MasterCard and Visa lsquoMember Service Providerrsquo

Transact (BIN sponsors)

FIS (card processing services)

GB Group (KYC verification)

POS lsquotop uprsquo service providers eg PayPoint and the Post Office Retailers

To date White Eagle have built and delivered 14 lsquowhite labelrsquo programmes including Ceridian Evolution (the UKrsquos leading provider of HR and payroll services) and HSBC (the UKrsquos largest retail bank) ndash Many large Opportunities in current Sales Pipeline

Eagle IP developed a bespoke suite of e-money management solutions that includes SMS transfers and account management online account management and IVR (interactive voice response) customer enquiry management ndashthis in house solution offers strategic flexibility and represents a competitive advantage over rivals

The Company has received industry recognition

Shortlisted for ldquoBest Technology Initiativerdquo Card amp Payment Awards 2011

Winner MasterCard ldquoBest Marketing and Distribution Awardrdquo (2008)

Winner ldquoBest Card Cross Selling Programme of the Yearrdquo (Card Awards 2009 )

Winner rdquoEntrepreneurial Business of the Year 2009rdquo (BPCC Annual Awards 2009)

Winner ldquoBest Money Transfer Prepaid Cardrdquo (Prepaid365 Awards 2009)

Winner ldquoBest Payroll and Expenses Prepaid Cardrdquo (Prepaid365 Awards 2009)

14

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom 15

Contact White Eagle nowand explore the opportunities

wwwwhite-eaglegroupcomtelephone +44 (0) 7785 336 633warrenhardywhite-eaglecom

wwwwhite-eaglecom| 0207 081 0847 | infowhite-eaglecom

Delivering Excellence and Innovation inPrepaid E-Wallet E-Payments and Mobile Commerce

wwwwhite-eaglecom| 0207 081 0847|infowhite-eaglecom 15

Contact White Eagle nowand explore the opportunities

wwwwhite-eaglegroupcomtelephone +44 (0) 7785 336 633warrenhardywhite-eaglecom