PATsend, PATbuy and PATbank provide each stakeholder with a unique set of benefits.

Benefits for Financial Institutions

• Multi-channel (mobile phone, web, ATM, etc.) solution
• Increased revenue (fee income from transactions, foreign exchange revenue)
• Multi-ID (phone number, email address, etc.) solution
• Decreased costs (check processing, labor)
• Ability to leverage existing processes, infrastructure and settlement network
• Increased “share of wallet”
• Innovative offerings to attract new customers
• Improved customer retention
• Tools to move the bank-issued credit card to top of customer’s wallet for mobile purchases
• Facility to grow and defend payments franchise
• A platform to innovate
• For card issuing banks - increased interchange volume/fees and potential to charge a convenience fee
• For merchant acquiring banks – increased interchange volume/fees and increased traffic

Benefits for Financial Institution Customers

• Customers bank how they want to bank, promoting customer satisfaction
• Multi-channel (mobile phone, web, ATM, etc.) solution
• Multi-ID (phone number, email address, etc.) solution
• Greater convenience and mobility
• Bank brand they can trust
• Faster transactions by eliminating time consuming paperwork
• Confidence in the security of their personal information
• Potential cost savings to transfer funds
• Already own the required hardware (i.e., mobile phone)
• Flexibility of a single generic interface capable of accessing a limitless number of merchants and people
• Same look and feel of application regardless of merchant
• Fast, convenient, secure, low cost

Benefits for Trusted Service Providers

Trusted Service Providers receive a fee for providing the transaction message routing and other services. A de novo high growth transaction market is the number one benefit.

Other benefits include:

• Significant new incremental revenue opportunity. Trusted Service Providers receive a fee for providing the transaction message routing and other services.
• Puts the Trusted Service Provider at the “center of the mobile universe” in its relationships with financial institutions
• Further establishes the Trusted Service Provider as a leading provider of innovative new services to financial institutions

Benefits for Merchants

• Provides a new channel for remote sales
• Provides a single integration point to take advantage of mobile commerce
• Fast and easy integration
• Single service interface reduces implementation cost and integration risk
• No need to address each customer’s bank individually
• Leverages existing card payments processes and remote purchase systems
• Immediate access to all customers on the PAT network

Benefits for Carriers

• Increases use of data network
• Increases use of messaging network