One-stop shop for mobile and digital payments
HCE & Tokenization, Masterpass, MDES/VTS, Converged Wallet, Wearables
February 2017
MeaWallet – The company
• Leading technology provider of cloud-based payments (HCE) and Masterpass
• Head office in Oslo, founded in 2013
• A part of Seamless Distribution AB Group (publ. SEAM)
• Strong management with combined experience of 75+ years in payments business
• 200 dedicated experts in payments
• Live references since early 2016
• Certified by Mastercard and VISA
”…thanks to MeaWallet technology we are glad to
offer a great new product to our customers..” Svetoslav Moldovansky, Executive Director at Fibank
OEM Pay
It is time for action and to rethink your customer engagement model
The digital customer
PSD2
• Apple, Google, Samsung and Microsoft• Who will own the user and their data?• Competitiveness through data gathering and developing new VAS
• Opens up for new players• Increased competition• Who will front and own the customer?
• The digital generation and their demands• More than 100 million people made a mobile NFC payment in 20161
• 2017 mobile NFC expenditure expected to reach US$45 billions1
1) Strategy Analytics via NFCWorld.com
Global trends – why now?
Fast time to marketReady-to-deploy product –
Project delivery in 3-6 months
Global acceptanceCertified and accepted by
Mastercard and VISA One-stop shopTokenization & HCE,
MDES/VTS, Masterpass, Converged Wallet,
Wearables
Know-howYears of experience & in-depth knowledge about mobile, card payments
and security
Low riskOur focus is on mobile payments, we are flexible on implementation alternatives (hosted or In-house
delivery) at reasonable costs
Live and provenFour live implementations
(Mastercard & VISA) in Europe
MeaWallet –Value propositions
Enables banks’ apps and 3rd party wallets with tokenization/HCE
according to Mastercard and VISA. Can be integrated with MDES/VTS
Offers securely hosted storage of card and user credentials for
shopping with Masterpass online (eWallet) and in-app (mWallet)
Solution that enables in-store (NFC), online and in-app payments in one
single mobile experience
Mea Cloud-Based Payments platform enables HCE cloud-based payments and tokenization for local payment
schemes
Mea Token Platform transforms smart wearable devices into payment cards. Embedding MeaSDK in your
app, the users can add their payment cards and sync them to the wearable
device.
MeaWallet – Products
MeaWallet – Product customer fit
Product Typical customer
Mea Token Platform Mastercard IssuerVisa IssuerAmEx IssuerMulti-scheme Issuer
Mea Masterpass Mastercard IssuerMulti-scheme Issuer
Mea Converged Wallet Mastercard IssuerMulti-scheme Issuer
MeaTP for Wearables Wearable OEM
MeaCBP National schemesMastercard IssuerAmEx Issuer
Fibank (Bulgaria)
• Live since April-2016• Top bank in Bulgaria• MeaWallet HCE technology
embedded under bank’s mobile app
• Mastercard project
SEQR (European Wallet)
• Live since July-2016• Enabled in 16 European countries • MeaWallet HCE technology enabled
under SEQR’s mobile wallet• Mastercard project
MeaWallet – Selected references Findomestic Bank (Serbia)
• Pilot-Live since October-2016• A BNP Paribas group bank• Together with Serbian cards processor
ChipCard, MeaWallet delivered the HCE technology + a white label wallet app (branded in banks colors/logo)
• Mastercard project
Kombank (Serbia)
• Live since February-2017• Top bank in Serbia• Together with Serbian cards processor
ChipCard, MeaWallet delivered the HCE technology embedded under bank’s mobile app
• VISA project
Step 0Identify business opportunity
Step 1Commercials & Signed agreements
Step 3User acceptance test
Step 4Production pilot
Step 2Analysis, design, development and integration
(1-2 weeks) (4-6 weeks) (3 weeks) (4 weeks)
Project delivery and testing in 12-15 weeks
MeaWallet – Typical project timeline
Mea Token Platform
• Built to support any Token Service Provider through a single API-based connection
• Enable OEM Pays and your own wallet through one solution• Pre-certified solution that simplifies go-live process• Bypass integration challenges with one single interface towards
multiple schemes/tokenization services• Configurable and modular product ensures faster time to
market and reduced costs
Mea Token Platform – Architecture
MeaWallet Payment App Server (PAS)
Issuer Wallet
MeaSDK
MeaWallet CMS-D
$Mastercard Digital
Enablement Service and/or
Visa Token Service
Payment Networks
Issuer processor
MeaWalletWallet Server
Optional connection for pre- and post-digitization messages
Mea Masterpass
• Simple and secure digital payments online and in-app• Low complexity – no integration required in its simplest form• Reduce hassle while shopping, without compromising security• Simplified checkout experience with one-click-purchases• One wallet to securely store all your card credentials and
shipping addresses• Can be delivered hosted or as a licensed software
Mea Masterpass – Architecture
MeaSDK
$
Payment Networks
App Issuer Processor
Mastercard Masterpass
Switch
MeaWallet PCI-DSS secured hosting
Mea Masterpass
Mea Converged Wallet
• A full-fledged wallet supporting contactless payments, in-app payments and eCommerce payments
• One SDK for both HCE and Masterpass functionality• User can add card once and use it for all types of payments• Can be delivered connected to Issuer’s CMS system for easier
user-onboarding and pre-loading of cards to User’s wallet• Can be delivered hosted or as a licensed to be hosted at
Issuer’s premises
Mea Converged Wallet – Architecture
MeaSDK
$
Payment Networks
App Issuer Processor
Mastercard Digital Enablement Service
andMasterpass
MeaWallet Payment App Server (PAS)
Mea Masterpass Mea Wallet Server and
CMS-D
MeaTP for wearables
• MeaWallet can provide connectivity between wearable device and MDES/VTS in order to issue payment cards to wearable device
• OEM vendor may use existing app extended with MeaWallet SDK to manage payment card (request new card, request card update, select favorite card, etc.)
• OEM vendor may also choose to use a white-labeled version of MeaWallet’s app for managing payment card
• The connectivity to MDES/VTS can be provided either as a hosted, managed service, or as a software hosted by the OEM vendor
MeaTP for wearables – Architecture
MeaWallet Payment App Server (PAS)
Wearable admin app
MeaSDK
MeaWallet CMS-D
$
Mastercard Digital Enablement Service
and/orVisa Token Service
Payment Networks
Issuers
MeaWalletWallet Server
$$
MeaCBP
• Enables HCE payments for local payment schemes• Uses Cloud-Based Payments and Tokenization• Platform that enables issuance and life cycle management of
digital cards (device tokens)• Provided as licensed solution to be hosted in the Issuer’s
(processor) hosting environment• The platform acts as a central hub, connecting all parts of the
payment scheme
MeaCBP – Architecture
MeaCBP
Issuer Wallet
MeaSDK
MeaWallet CMS
$MeaWallet
Wallet ServerTMS and Token
Engine
MeaWallet AES
Local or
National Payment Scheme
Issuer processor