The payOne™ Group Purchase Solution

· The payOne™ Group Purchase offering is based on a ‘Closed Loop’ card payment and transaction combined with functionality of the mobile solution.

This solution fulfils the need of GROUP organisations that require a spectrum of services that needs no formal interface with the merchant community other than with merchants who have agreements with the GROUPS to provide products and services. Typically the GROUPS utilise these merchants under some ‘loyalty’ styled agreement.

Leveraging of the ability of payOne™ to interface its ‘Closed Loop’ products with funds held by a registered banking institution and the ability to ‘settle’ merchant transactions via this agreement allow the offering to be risk averse.

With its focus on ‘communities’ the solution can be designed to reward up to three (3) structures within the GROUP or ‘community’. Rewarding GROUP purchases with loyalty rebates then allow the purchase power of the group to grow, in turn attracting more merchants to join the GROUP.

The GROUP Purchase solution does NOT allow the withdrawal of cash from bank owned ATMs.

· The payOne™ Group Purchase Solution also accommodates merchants through its applications on a broad range of point of sale devices. Ranging from EFTPOS devices which can transact VISA, MasterCard and payOne™ closed loop cards, applications residing on Merchant computers activated through ‘swipe’ readers and applications activated through a mobile telephone. This enables merchants who want to be part of the GROUP program to do so without the need to have a bank owned transaction facilitating device.

Combining the purchase solution with other mobile services, such as internet and e-mail access, through the mobile add another dimension to both communication and the need to be paid for services provided in the virtual space, securely, auditable and within the confines of the National payment system.

The payOne™ Group Purchase Solution is cost effective, secure and easy to deploy.