Mobile banking

BENEFITS OF THE SMS GATEWAY AND APPLICATIONS:

A modern marketing tool;

A new customer fidelity instrument;

It adds up and integrates easily with existing on-line services;

A potential income creating service for the Client (resulting from customers payments to send interrogations via short number);

A service that can create a competitive advantage;

The service may ease the work load for customer service, account manager/officers or call centers thereby improving customer relations quality;

A quick and efficient solution to keep customers informed (in real time); Access to Gateway and the application do not require special training for the Client's employees (application operation and presentation to customers);

The application does not pose any limitations in terms of mobile phone carriers present in Romania;

From a technical point of view:

The application does not involve confidential/proprietary information outside Client's IT system;

The application integrates 100% with the Client's internal security system;

The application does not require additional human resources for installation and maintenance, if provided by FasPay;

The application involves low maintenance costs;

The application can be customized to suit Client's specific requirements;

Client's customers will benefit from:

Real time information;

A convenient prices service from a financial point of view;

Ease of use;

Freedom of movement and time schedule (wide area, does not require PC or internet access, is not limited to Client's regular working hours);

General:

FasPay Technologies is a developer and distributor of content for mobile phone applications. Also, the FasPay team develops proprietary applications for mobile phones among which the SMS Alerts/Interrogation that can be offered packaged with a Gateway service also available from FasPay.

The SMS Gateway and Alert/Interrogation application can be used by a multitude of companies in various fields of business such as: financial institutions (banks, brokerage houses, consumer credit institutions), media & advertising, distribution looking to get competitive advantage over competitors offering their customers an additional service that responds to their needs.

Gateway and SMS Application Description

Gateway

FasPay Technologies makes available to potential clients a versatile Gateway which allows interconnection with multiple mobile phone carriers to send and receive SMS. Through this Gateway the Client company has the opportunity/choice to offer its customers an Alert/Interrogation service with a extensive coverage in terms of network operators. The Gateway presented in Figure 1 is very flexible as it can accommodate interconnection with either the FasPay Alerts/Interrogation application or another application of the Client's choice (third party of Client proprietary application) based on interconnection specifications made available by FasPay. Checkout the picture below.

SMS Applications

The Alert only, Interrogation only or Alert/Interrogation applications can be developed on a customized basis by FasPay or by the Client. The application will allow Client's customers that are subscribers to a mobile phone network to receive general information, confidential information (e.g. in the case of banks account debiting/crediting movements). Also, customers will have the choice to send interrogation messages and receive pre-established information.

1. Alerts

Alerts are options available from FasPay set up to notify customers about predefined relevant events/information.

Alert types:

Periodical: in this case customers do not intervene, the system sending predefined information at pre-set time intervals: daily, weekly, monthly (day and time established by the Client).

Event triggered: alert is sent to customer once a predefined event occurs. For instance, in the case of a banking institution alerts can be automatically sent at account movements (debiting/crediting), change in interest rates, card frauds, etc. All up-dates of various features of the bank account represent an event that triggers automatic SMS alert sending to the customer.Like it shows in the figure below.

SMS Application - Alerts

2. Interogation

The customer can interrogate the system by sending an SMS either to a usual mobile number (e.g. 0722 212345) or to a short number (4 figures) which is unique irrespective of the carrier(s). (e.g.1484). It will be a usual SMS call sent to the respective network. The message will be accepted by the system based on interrogating phone number. In addition to this authentication a procedure checking the presence of a code can be provided for sensitive/confidential information.

Alerts and Interogations

Interconnection - Subscription and/or Payment Modalities

Irrespective of the interconnection package (gateway and application) agreed with FasPay the Client will not incur carriers interconnection charges which will be borne by FasPay. FasPay can also make available free periodical reports (daily, weekly) showing the service evolution/progress, graphic forecasts, technical support for the implementation of customer loyalty building and other marketing instruments.

Possible payment modalities:

"SMS Alert" - cost at customer's expense (pre-pay type payment or by debiting a customer's account with the Client (wherever applicable);

"SMS Alert" - cost at Client's expense (promotion campaigns, marketing);

SMS sent and received - "Alerts/Interrogation" - cost at customer's expense (subscription to the Client's Alert/ Interrogation service);

SMS sent and received - "Alert/Interrogation" - cost at the Client's expense (promotion, marketing campaigns);

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