Hts Executive Summary
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HOME TERMINAL SOLUTIONS EXCECUTIVE SUMMARY BACKGROUND There are two important facts. In 2008 financial institutions lost $5 billion dollars because of identity theft, affecting 10 million users in the U.S., becoming the fastest growing crime in the world, where 26% happens as credit card fraud. Identity Thieves are looking for information through spyware on user’s computers to obtain confidential data and perform activities or purchases on their behalf. The most affected industry is public services, credit and banking. We have received initial interest for our products from some very large corporations and are looking for the funds to execute the plan. There are currently over 270 million internet users in the U.S alone. Only 18% of these users have paid bills online. Over 100 million users have stated that they will not make electronic payments due to security concerns. Additionally to that, there are over 30 million people who do not have internet access or a PC at home, but they do have a phone line. The trend it’s clear. The industry and consumers are looking for billing/payment solution to reduce costs, save money and enter new markets now not being served. We realize that most people are looking for security, convenience and peace of mind. MyBill-e was founded to help the industry prevent Identity Theft and provide a safety channel for users to conduct electronic payments. Providing a means for users to access services from financial institutions to perform banking transactions, payment services, credit services and other services not accessible today. TECHNOLOGY This new payment solution it´s an integrated system that has a special hardware device called Home Terminal Media Phones that work as a personal administrator of payments at home or SMB; these devices organize people’s expenses on an easy to use interface on the phone device. These devices replace the traditional land-line phones but include a debit/credit card reader, built-in thermal printer to print receipts and payment warning light. From this device users can make payments, check account balances, receive and print coupons, etc. For the first time, users can make electronic payments and interact with their bank securely and safely without using a computer. All the terminals have a personal identification number (PIN) and they are connected only to our servers to transmit users’ information through the phone line or other internet connectivity. The data is encrypted using international security standards and switches off when not transmitting data, thus preventing hacking or security risks. Terminals can only be used to pay registered supplier companies or banks. Multiple people can use on device by having separate access codes and passwords. BUSINESS MODEL Our Revenue assumptions are based an enterprise licensing model and the main sources of revenue are: Selling HTS Home Terminal Media system to banks and Telco’s Selling customers support and services Deployment services José Smeke /CEO T. 408-398-8913 [email protected]
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Transcript of Hts Executive Summary
HOME TERMINAL SOLUTIONS
EXCECUTIVE SUMMARY
BACKGROUND
There are two important facts. In 2008 financial institutions lost $5 billion dollars because of identity theft, affecting 10 million users in the U.S., becoming the fastest growing crime in the world, where 26% happens as credit card fraud. Identity Thieves are looking for information through spyware on user’s computers to obtain confidential data and perform activities or purchases on their behalf. The most affected industry is public services, credit and banking. We have received initial interest for our products from some very large corporations and are looking for the funds to execute the plan. There are currently over 270 million internet users in the U.S alone. Only 18% of these users have paid bills online. Over 100 million users have stated that they will not make electronic payments due to security concerns. Additionally to that, there are over 30 million people who do not have internet access or a PC at home, but they do have a phone line. The trend it’s clear. The industry and consumers are looking for billing/payment solution to reduce costs, save money and enter new markets now not being served. We realize that most people are looking for security, convenience and peace of mind. MyBill-e was founded to help the industry prevent Identity Theft and provide a safety channel for users to conduct electronic payments. Providing a means for users to access services from financial institutions to perform banking transactions, payment services, credit services and other services not accessible today. TECHNOLOGY
This new payment solution it´s an integrated system that has a special hardware device called Home Terminal Media Phones that work as a personal administrator of payments at home or SMB; these devices organize people’s expenses on an easy to use interface on the phone device. These devices replace the traditional land-line phones but include a debit/credit card reader, built-in thermal printer to print receipts and payment warning light. From this device users can make payments, check account balances, receive and print coupons, etc. For the first time, users can make electronic payments and interact with their bank securely and safely without using a computer. All the terminals have a personal identification number (PIN) and they are connected only to our servers to transmit users’ information through the phone line or other internet connectivity. The data is encrypted using international security standards and switches off when not transmitting data, thus preventing hacking or security risks. Terminals can only be used to pay registered supplier companies or banks. Multiple people can use on device by having separate access codes and passwords.
BUSINESS MODEL Our Revenue assumptions are based an enterprise licensing model and the main sources of revenue are:
Selling HTS Home Terminal Media system to banks and Telco’s
Selling customers support and services
Deployment services
J o s é S m e k e / C E O T . 4 0 8 - 3 9 8 - 8 9 1 3
MARKET AND COMPETITORS MyBill-e provides electronic payment access and does not compete with those services already offered by the banks. The system also aggregates payment data and in that regard it competes with data aggregators such as Mint, Intuit and others.
MyBill-e it´s the only purpose-built device in the market today for residential and small business users.
MANGEMENT TEAM JOSE SMEKE, Chief Executive Officer Smeke has 32 years old. With 12 years of experience as a businessman, a graduate in industrial design At Anahuac University, management skills, marketing on ITESM, and has special expertise in the plastics industry, wood and construction. Smeke Leads 2 companies as founder and CEO: EMV de México manufactures fine furniture on demand and interior design projects, with more than 60 residential and commercial full projects, including the official residence of the ambassador of Israel in Mexico and projects all over the country such as: Monterrey, Guadalajara, Acapulco and Culiacan and Home Terminal Solutions at Smeke´s new venture JAVIER RODRIGUEZ, Chief Information Officer Javier has over 13 years of experience in technology and software. Mr. Rodriguez has developed many successful software products including banking security solutions, databases and web services applications. Rodriguez has a degree in programming, from Metropolitan University in México and worked for Tresnet where deploy web services and hosting. RALPH ACEVES, Chief Financial Officer Mr. Aceves has over 20 years experience in managing fast paced high technology companies. Mr. Aceves has been involved in three successful start ups. One IPO (NSDQ: INFA) and two acquisition exits, Vianeta Communications, acquired by Spheris Corp., and Levient Corporation, acquired by FusionOne Inc. Mr. Aceves has a great deal of experience in building companies from start up stage to exit. Mr. Aceves holds a Masters Degree in Marketing from Golden Gate University and a Bachelors Degree in Finance from San Jose State University.
FINANCIAL PLAN
MyBill-e has received initial interest from large organizations for its products and services. Verifone, a large provider of point of sale devices is seeking to expand their reach into the residential market and sees MyBill-e as potential product for this market. Alestra is a large telecommunications company in Mexico interested in using MyBill-e to provide value added services to their customers. Mexico City’s Yellow Pages is interested in using MyBill-e provide payment and advertising services to neighborhood based businesses covering more than 20 million people.
The company has invested approximately $150,000 to develop the initial prototype. Of the funds invested, $83,000 came from a grant by the Mexican Government and the remainder from the CEO’s personal founds. In order to accomplish the plan as outlined, MyBill-e is seeking $5,000,000 from investors for Series A round.
The seed round will allow the company to: 1. Build HTS terminals and software 2. Certifications and regulations 3. Beta test and initial roll out 4. Market Launch 5. Hire team
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