Catalog No: A807-2545-6985 Copyright 2001-2007 Remit Anywhere Solutions. All rights reserved.

Money Transfer SoIutions

'No matter how small or big your money transfer operations are, you are a
bank, credit union, money transfer company or an agent, remitAnywhere is
the best, yet the most affordable, solution in the market that could automate
your entire company's money transfer operations. remitAnywhere provides
real time enterprise-class compliance, enhanced security and faster data
processing. Net result is lower operational costs, increased revenues and
profits, and more satisfied and happy customers."
remitAnywhere Team >>
Remit Anywhere in the World
Quickly, Easily and Securely!
remitAnywhere
Money Service Business (MSB)
Market update: The global money transfer market moves over $200 billion
dollars in cross border person-to-person transactions annually. Money
service/transfer companies (MSBs) process majority of those transactions.
The money transfer business continues to be one of the fastest growing
and most competitive financial services worldwide.
The money transfer business although lucrative is rife with compliance
woes. Until recently record keeping and data storage was not a priority in
the normal and acceptable practices by most MSBs. But those blissful
unregulated business days are long gone.
ReguIatory CompIiance update: The 2003 US Patriot Act gave state and
federal regulators greater authority to monitor and control the previously
unchecked activities of MSBs. On March 30, 2005, US regulators issued a
Joint Statement on Providing Banking Services to Money Service
Businesses outlining compliance directives for MSBbank accounts.
FinCEN, on April 26, 2005, in recognition of the abrupt closing of many
MSB bank accounts due to noncompliance issued a reprieve: "automate
and integrate your MSBservice to comply with BSAand you can keep your
doors open.
The G-8 nations under US and Canadian leadership 2005 targeted global
remittance for greater compliance scrutiny. The G-8 agenda plans to
assure legitimate remitters the ability to send money securely and for
reasonable fees to their beneficiaries.
MSBOperationaI ChaIIenges: Rising competition among money transfer
companies has resulted in fee compression and tighter net margins. MSBs
must cut costs, address potential compliance violations, process higher
transaction volumes through robust reliable technology.
MSBs Need: A turnkey straight-through-processing money transfer
system developed by experts in compliance, money transfer and banking.
The system must offer service, support, maintenance and a reduction in
operations costs besides abilities to effectively monitor and control
operations.

Product Features
Extensive remitAnywhere features help automate and streamline work
flows of Sending-side and Receiving-side networks of MSBs with
integrated and compliant centralized processing to save costs and help
expand customer reach beyond their physical locations to initiate and
receive remittance transactions. Some salient features of the product are
outlined below:
MSBbranch and agent networks can move money to anywhere around the
globe while remaining fully compliant through: secure data aggregation at
your headquarters for effective management, control; automated and
streamlined MSB Sending-side and Receiving-side networks; and
integrated and centralized processing system.
CentraIized Management ControI
MSBs can enjoy extraordinary control over their branch and agent
networks with remitAnywhere. User roles and privileges are managed in a
hierarchical fashion. The central data repository (where all information is
stored) is only accessible with strict identification and authentication
protocols that require approval by built in data security and confidentiality
policies. This makes data sharing among branches and agents secure,
provides strong customer data privacy, mitigates AML risk and allows real-
time OFACand/or OSF processing.
DuaI Authorization & Security
remitAnywhere offers MSBs a built-in dual authorization mechanism
required by most banks and financial institutions and incorporates
enhanced security architecture with additional layers of security features.

Integrated & CentraIized Processing

RuIe-based Commission Computation
A user-friendly process enables the management of commission
computations for both remitting and paying agents. Commission rules can
be created based on fixed rate, percentage, or a combination of both
values. Acommission report can then be generated to contain "Due To or
"Due From positions for agents.
Enterprise-cIass CompIiance
Enterprise-class compliance is built into remitAnywhere to mitigate the
compliance risks. Transactions created by branch & agents are
automatically OFAC and/or OSF filtered in real-time and duly verified by
the compliance officer for possible OFAC and/or OSF violations and
marked either 'Waived' or 'Blocked'. t includes Compliance reporting with
transaction-level OFACand/or OSF filtration status as a standard feature.
nterfacing with any other compliance solution can also be made available
on demand.
Enhanced Due-diIigence & AML
Built-in processes along with other application controls provide compliance
to "Know Your Customer (KYC), FinCEN and FNTRAC requirements.
This is achieved through built-in enterprise class BSAand Enhanced Due
Diligence system. These functions provide multiple filtration levels to
scrutinize suspicious activity by: utilizing a powerful rules engine; customer
profiling techniques; enhanced due diligence for "KYC and Customer D
Programs as required by the USA Patriot Act and Proceeds of Crime
(Money Laundering) and Terrorist Financing Act of Canada. Reporting
requirements such as identification of (Large) Cash Transactions (CTR)
and Suspicious Transactions (SAR) are standard features.
Efficient & Customized Reporting
remitAnywhere has built in a wide range of reports as standard features.
These reports are optimized to produce desired result sets in an extremely
efficient time saving manner. However since reporting requirements can
vary, customized reports can be designed to meet your specific needs.

Automatic Accounts SettIement & ReconciIiation

Transactions are retrieved by branch and overseas correspondent
locations for payment marking while headquarters for each paying entity
can view aggregated transactions and drill down to individual transactions
for investigation and query. All transactions marked for payment appear in
'Reconciliation' report until suspended for lack of detail or clarification of
payment instructions. The error handling for 'exceptions' are immediately
available to the sending-side once noted by the paying side.
Branch & Agent Network Management
remitAnywhere integrates and centralizes the management of sending-
side branch and agent network to streamline work flows, reduce costs,
boost efficiency and deliver better customer service. Centralized
management control of branch and agent activities results in effective
compliance.
Receiving-side network branches and correspondents can be added and
centrally managed. Receiving-side (paying) network can encompass
operations in multiple countries but remains under review of sending-side
headquarters.
Sending-side network integrated and automated work flows save costs
for branches, agents and headquarters ensuring efficient management
and control, competitive rate advantages, lower Total Cost of Ownership
(TCO) and higher Return On nvestment (RO).
Currency/Exchange Rate Management
Currencies and rates can be centrally defined and coherently managed
daily or as needed for branches, agents and correspondents.
RuIe-based Service Charges (Fees)
remitAnywhere offers rule-based customized computation of service
charges (fees charged to customers). Rules can be as simple or as
sophisticated as your business demands. A "wizard can be incorporated
for larger companies to create rule changes and adjustments necessary for
the multi country and multi currency paying networks, varying service
charges and replenishment needs.
BuiIt-in Accounts ReceivabIe & PayabIe
A/R & A/P are maintained in fully automated manner in remitAnywhere.
With a few clicks of the mouse, your funds manager can see an A/R &A/P
overviewfor reviewing transactions by a particular agent/correspondent or
a detailed report showing the cumulative receivable and payable positions.

For more information, pIease contact us at:

Toll Free in North America (888) 346-0063
Outside North America +1 (212) 812-4417
Accept Transactions on the Internet
remitAnywhere enables MSBs to start their businesses on the nternet
quickly and easily. The nternet Customer Access module can be deployed
to enable you to generate revenue from customers living far beyond your
current locations. This means you can expand your business beyond
opening additional brick-and-mortar locations.

The receiving-side network Straight-Through-Processing completes the

loop for remittance transactions initiated and processed by the sending-
side network. They can provide a rapid and efficient transaction life cycle
confirmation.
Transaction CompIetion Confirmation
System Audit TraiI
remitAnywhere maintains a system audit log for any override or change
effected by the branch/agent user providing a complete audit trail for
remittance transactions.
Headquarters:
1235 Bay Street
Suite 1000
Toronto, ON M5R 3K4
Fax: (416) 352-5484
Authorized ReseIIer:
ST Consulting nternational
132 W36th Street, Suite 503
New York, NY 10018
Phone: (212) 279-0440
Fax: (212) 253-4144
sales@remitanywhere.com
www.remitanywhere.com