Pioneering Singapore’s Shiftto a

Cashless Payments Society

Lee Kim Yeow, VP, Enterprise Support Systems

Who are we

• Founded in 1985 as part of a national initiative to encourage electronic payment in Singapore

• NETS Debit, launched in 1986, was the first national online debit system in Singapore and the most successful worldwide

• Today, NETS is recognised as a leader in the payment services arena – having introduced point-of-sale electronic funds transfer, cash withdrawal services through the ATM network, stored value payments, online payments and mobile payments

Building a cashless societyNETS Debit, 1986

Shared ATM network, 1998

NETS CashCard, 1996

eNETS, 2001

NETS FlashPay, 2009

iNETS, 2010

Where we are today

• Process more than 90% of Singapore’s online debit transactions

• 16,000 merchants over 30,000 outlets with 60,000 NETS acceptance points

NETS Debit

• Stored value e-purse scheme

• 1st generation NETS CashCard

• CEPAS-compliant NETS FlashPay Card (contactless)

Micropayments

• Multi-channel payment infrastructure enabling users to make financial transactions online, using their mobile phones or via our self-service kiosks

Multi-Channel

Where we are today

• Enables payment from all major International credit cards, as online direct debit (internet banking payments) from the largest banks in Singapore and China.

• 700,000 in transaction volume per month

eNETS

• Switch shared transactions for OCBC & UOB

• Process own EFTPOS, iNETS, eNETS, CUP, Stored Value Card transactions

Switching

• Partner with banks to provide card personalisation services

• 1st card centre to be awarded ISO certification

• Certified by VISA, MasterCard & AMEX for card personalisation

Card Centre

Projects With BPC

• Prepaid using Smart-Vista

• Billing using Smart-Vista

Prepaid ProjectVirtual Prepaid Wallet Feature

A solution that provides consumer a virtual stored value wallet with manual and auto top-up function via credit card or direct debit

It integrates with application providers to launch services for paying public car park charges for Singapore motorists through mobile phone or internet.

SmartVista also perform automatic settlement with the service providers

Billing ProjectFlexible Billing Structure

Supports multiple levels of merchant hierarchy Multiple product support at all levels Multiple fee support at all levels Consolidation at any selected level

Flexible and Parameterized Fee Structure (Fee Parameter) One-time, frequency-based, event-based Count-based, volume-based, value-based Supports penalties, rebates, discounts, promotions Effective-dated

Flexible and Parameterized Billing Options (Billing &

Invoice Parameter) One-time, frequency-based, event-based Billing and statementing are independent

Billing Project

Billing ProjectMerchant Hierarchy

Billing ProjectFee Setup

Billing Project (Data Model)BillingScheme

BillingSchemIDMerchantType…

CycleShift

CycleShiftIDCycleIDShiftType…

Cycle

CycleIDCycleTypeLengthTypeCycleLength…

Merchant

MerchantIDParentIDMerchantTypeBillingProductIDAcquirerID…….

Condition

ConditionIDConditionSetID…

ConditionSet

ConditionSetID FeeIDObjectIDObjectType…

Fee

FeeID CycleIDTotalIDFeeTypeLimitIDCurrency…

Action

ActionIDProcessingRuleIDName…

ProcessingRule

ProcessingRuleIDName…

TxnParam

TxnParamDProcessingRulIDName Value…

R

FeeRate

FeeRateIDFeeIDFixRatePercentageRateMinValueMaxValueSumThresholdCountThreshold…

Total

TotalIDCycleIDTotalTypeCountTotalSumTotal…

InvoiceScheme

InvoiceIDCycleIDLayoutIDInvoiceLevel…

Institution

InstitutionID InvoiceIDName …….

Acquirer

InstitutionID InvoiceIDName…….

NETS Product

ProductID…..

FeeAssignment

FeeObjectIDFeeStructureIDBillingSchemeIDInvoiceIDMerchantID/AcquirerID InstitutionID/….

BillPlan

BillPlanID NameFeeID…

Thank You