Product Disclosure Statement

Business Account

Technocash Pty Ltd (ABN: 20 080 109 217)

• Phone: +612-9687-1900
• Fax: +612-9687-1911
• Level 5 ANZ Building, 20 Smith St, Parramatta, NSW, Australia, 2150
• PO Box 618, Parramatta, NSW, Australia, 2124
• Email: info@technocash.com
• Website: www.technocash.com
• Licence: Australian Financial Services Licence No: 247299

Instant Business Payments

In a fast global business world, you can’t wait days and days for payments to be processed. You need instant payments now – so the goods can be shipped, service provided, or so investment funds arrive.

Usual payment methods such as cheques, wire transfers and drafts are just not good enough. Only with a Technocash Business Account can you make INSTANT, secure payments to other Technocash Business Accounts.

No longer do you have to wait for the bank to be open. No longer do you have to worry about bank hours, banks closing on the weekends, bank and public holidays. You can make instant business payments 24/7 – to other Business Accounts anywhere in the world. Full reference information of all Instant Business Account payments is a feature – you and the recipient know what the payment was for.

• What you send is what arrives – Your Business Account payments arrive in the currency and amount you specify.
• Payees stored for you – Payee information is configured for you. You can easily pay other Business Account-holders instantly.
• We have a sophisticated system connecting identified Technocash Business Accounts for high-speed commerce.
• Flexibility of accounts and currency handling provides real time inter-country interaction - enabling trading efficiency and speed.
• The recognition by your Business Account clients/partners that you can instantly accept payments.
• The Technocash system is truly international.
• Business Accounts are great for international transactions but are also excellent for local transactions since real time, cleared funds payments are a must for any company to operate efficiently and productively.

Better than Wire Transfers

Wire transfers have been useful, but not for the 21st century. You deserve better.

• No more doubt about what funds arrive, or about what funds to send.
• No more need to order statements to prove payment details.
• If you invoice someone on the other side of the world, Business Account-holders are easily found and payee details used.
• Less of your valuable time spent dealing with traditional 'your bank talks to their bank' international payments enquiries.
• An online system that is evolving its facilities to meet your needs.
• Competitive transaction fee with significant savings compared to wire transfers.
• One off application fee - no monthly fees.

Real Time Trading and Payments

Real Time Trading and Payments are now here. No bank cut-off times or bank holidays for business transactions. Our Business Account transaction network operates 24 hours a day, 7 days a week. Avoid holidays in different countries, which slow down trading activity. No time zone issues at all.

• You have 24 hour a day access to your Business Account through our Thawte SSL secured Internet system.
• Small and Large Payments – Log in and operate all your transactions from a few cents/pence to 100's of $millions.
• All or most astute members of a trading group can now work together inside one financial platform.
• Your business branches can also have Business Accounts - for instantaneous payments between branches and head office.
• Our centralised multi-currency facility is a great complement to any business network.
• Suitable for a wide range of businesses: auction settlements; service and maintenance industry; importers, exporters and freight forwarders; commodities and commodity traders; local government and councils, and more.

Multi-Currency Account

In the global economy, payments are made in many different currencies. You gain access to these – all through your one Technocash Business Account. Your Business Account is truly multi-currency. You can receive and hold many currencies including USD, EUR, GBP, HKD, YEN, AUD, CAD, etc.

You don’t have to pay separate monthly fees for each currency – saving you thousands of dollars!

• All major currencies are supported, so our Business Account networks suit all businesses - no matter what country you are in.
• Handle Multiple Currencies – One account handles all supported currencies. Receive payments from all sources, in a number of major currencies, all in the one account.
• Ability to receive and make payments in multiple currencies anywhere in the world.
• This provides significant benefits – including the fact that payments stay in the same currency and aren’t automatically converted to your usual home currency.

Also Wire Payments

In the event the business you are paying does not have a Technocash Business Account, you still can pay them by wire transfer directly from your Technocash Business Account. Encouraging more businesses to join the Technocash Business Account network will, however, allow instantaneous transactions – avoiding delays inherent with traditional wire transfers and the banking system.

Cleared Funds

· All payments are in cleared funds – payment delays no longer get in the way of your trading activity.

Identified Recipients

• All Business Accounts are fully identified.
• Business Account identified payments are to fully identified account destinations.
• Company and signatory identification is completed for your own peace of mind, trading security, and to satisfy requirements for compliance with government regulations.

Record-Keeping

Full reporting is available at any time through your Technocash Business Account.

You receive email notification, and optional SMS and fax notification, of all payments to or from your Business Account.

• See all transactions – You can confirm payments directly yourself, and review all past payments.
• Keep Informed – Notices are sent with each transaction to inform all parties.
• Transaction reporting for all currencies and date ranges lets you buy or ship goods with confidence.
• Full transaction history and reporting.
• A complete invoice and payment tracking system that allows you to track all payments.

Licensing

You can use our system with confidence. Your TECHNOCASH facility is provided by an Australian Financial Services licensed company dedicated to improving your business payment systems.

The benefits of the Business Account facilities are available when you access your login using your Password and Card number. Temporary access details may be emailed to you. You must accept the card Terms and Conditions by entering your own new password three times. After this the card is yours to use along with all the features mentioned above and their benefits, provided any purchase price has been paid. Our website contains more information, including our full Terms and Conditions.

Risks:

Risks associated with the TECHNOCASH stored value system are summarised on the Security and Risks page of our website via the Securities and Risks link.

Risks arise when using any Internet facilities. The key safeguards are shown prior to logging in to your Business Account.

Key risks are as follows:

• Only trust TECHNOCASH websites for your transactions and login. You can check whether the site you are using is an authentic TECHNOCASH site by verifying our SSL digital certificate from your browser.
• Your password allows access to the funds in your account and other features and functions. Never give anyone your password, your optional spend password, or any other passwords. Choose your password carefully, do not record it electronically or otherwise, do not have obvious items like name, pets name, phone number or birth date as part or all of your password.
• Your login details may be sent to you via email or as part of an introduction kit delivered by post. You must log in to your account and change the initial password, otherwise you may risk your password becoming known to others.
• It is always risky to use an Internet login facility on any computer provided by another, for example at public Internet kiosks.
• It is your responsibility to ensure that any passwords you use are sufficiently complex or unique so that others cannot guess them. We have long password fields and you can and should change passwords and add separate passwords for various facilities.
• As we have various currencies available you must be careful to not only specify the correct amount for any transaction but also to ensure you select the correct currency.
• If your account activity reaches certain transaction value thresholds in a given time period, it may be necessary for Technocash to confirm your identity and other personal details. Your account may be subject to periodic transaction limits if your company or its signatories have not been fully identified.
• TECHNOCASH systems are based on irrevocable payments. When sending funds you have a confirmation stage during the transaction process and you are responsible for your completed transactions. This is also considered a benefit for the person being paid.
• If you fail to enter information into your account's 'My Account' section it may be more difficult for us to identify you for customer service requirements.
• You can set up payee information, which is confirmed during the payment process, and use these details to make irrevocable payments. It is important that you check and confirm that the payee information is correct. It is unlikely that incorrectly sent payments will be recovered and attempts to recover them may involve significant costs.
• Technocash provides confirmation of exchange rates it uses and you are provided confirmation prior to finalising your transaction. It is important that you check this information.
• When making payments involving bank accounts please leave enough time for inter-bank clearance and credit card deposit cycles.
• When completing wire transfer payee details or other payee details in the "My Account" section of your account, you must ensure that all fields marked compulsory are completed, including the payee's name and full valid address. If all compulsory fields are not completed and correct, the banking system may be unable to effect the transfer and additional charges and delays may be incurred.

Social and Ethical Considerations:

Our Retail Terms and Conditions (if you are on the web click here..) state: 'Technocash reserves the right to decline to allow the Retail BillFold to use the Technocash Payment System to sell goods and services if Technocash, in its sole discretion, determines that the whole or substantial whole of the Retail BillFold's business is for the sale or licence or membership fees of products that require the customer to be of a required age such as alcohol, cigarettes, gambling, or adult products and sites.

Technocash allows its customers to work with prepaid funds and does not promote credit. These features make TECHNOCASH online transactions suitable for all ages.

Sales Force:

Authorised representatives are trained and authorised to sell Technocash products, and earn commissions for specific card activities. If you are thinking of joining our Sales Force, details of commissions and other similar payments are by application only. Please ring Technocash or use the contact page on our website. More information is available from our website. If you are on the website Click Here..

If you are a customer and wish to check whether a person is authorised you can check our website. If you are on the website Click Here..

Cost of Products:

As you use a particular feature or confirm a transaction, we try to provide notice of the relevant fees and charges.

The fees and charges below are in AUD, NZD, USD, EUR, GBP, or other home currency, depending on your location, unless otherwise stated. Many fees and charges apply in the currency involved in the transaction.

Technocash also sells products such as mobile phone recharges: please log in to your account to view prices, range, and quantity of available products.

Our fees and charges are subject to change. Your card will receive a message about any changes to fees and charges at least 30 days before they come into effect. This same personal messaging system will also be able to inform you of other changes, such as to your card's features, functions, and terms and conditions.

Terms and conditions:

The following are the significant Terms and Conditions that apply to you as a Technocash customer. You can also explore the legal section on our website to view our full Terms and Conditions.

All monies received for deposit to Technocash BillFolds or Vouchers other than customer initiated transactions are non-refundable and will be held in a bank account ("accounts") by Technocash subject to a mortgage over the accounts held on trust for each customer ("Technocash Customer Trust") by the Technocash Trustee, pursuant to a Security Trust Deed between the Security Trustee and Technocash dated 19 November 2003 and registered with ASIC with allotted charge number 997227 on the 25th November 2003, Security Trust Deed, for the protection of each customer. Monies in the accounts will only be withdrawn as follows:

(a) in accordance with these Terms and Conditions; or
(b) for the payment of fees (including bank fees) and charges which Technocash incurs in respect of the Accounts.

All BillFold applicants will need to at least provide a login password.

A BillFold card can be purchased directly from Technocash or from an authorized salesperson or another BillFold card login. You can purchase a BillFold card from within another BillFold when funds permit. A new BillFold card's login information can be sent to the intended owner by the purchaser. The intended owner should change the password, after which transfer of ownership to them is completed. Prior to this ownership change the original purchaser can still access the login information from within their BillFold. Once a card is paid for Technocash will send the physical card to the address involved in the purchase.

When approved by Technocash, each applicant will be issued with a BillFold Identification Number. Your BillFold Identification Number will not change except in exceptional circumstances and then only with the express agreement of Technocash.

Minimum identification requirements apply to all BillFold accounts - please refer to the full transaction reporting and money laundering prevention terms and conditions in the legal section of the website.

Technocash does not represent or guarantee that access to your BillFold or the Technocash service will be uninterrupted. You acknowledge that access to your BillFold or the Technocash service may be affected by outages, faults and delays however caused.

There are two types of BillFold Currency setting - Home Currency or Multicurrency. A Home Currency-only BillFold operates in the nominated Home Currency of a BillFold. A Multi-currency BillFold can hold all currencies available to the TECHNOCASH system.

Technocash may at any time add to, remove, change, vary, or impose conditions upon the functions of all or any BillFolds in any respect without limitation to the fullest extent permitted by law.

BillFold card holders agree to pay the applicable fees and charges. All fees and charges shall be debited from your BillFold card, whether in Home Currency or Multicurrency, subject to any applicable fees and charges for the debiting of the outstanding amount, unless otherwise agreed.

Each BillFold has an expiry date. A Billfold card can be extended upon payment of the appropriate monthly fee. Monies in a BillFold that has expired and has had no login activity for 365 days become the sole property of Technocash and are not to be covered under the Technocash Customer Trust.

Technocash aims to maintain your transaction records indefinitely, however Technocash is only required to maintain transaction details in a BillFold for a period of 2 calendar years (or part thereof).

All BillFold payments and transfers are irrevocable and the sole responsibility of the BillFold holder.

Use of a BillFold constitutes an express acknowledgement of the intellectual property ownership of Technocash in respect of the Technocash Payment system, BillFold, and trademarks.

To the fullest extent permitted by law Technocash is not liable for any loss or damage arising from your operation of your BillFold.

BillFold holders' login process and any ongoing use of their BillFold constitutes an agreement to abide by the BillFold Terms and Conditions with Technocash as amended and posted on the website from time to time. Amendments may be for all or only specified BillFold types.

CashBack Terms and Conditions: Business Accounts are eligible for receiving CashBack where they use their Card for purchases at a merchant participating in CashBack programs powered by TECHNOCASH. Refer to www.communitycashback.com.au for full CashBack terms and conditions.

Dispute Resolution System:

Handling complaints and resolving disputes quickly and fairly is very important to us and our customers. Technocash has an internal complaints handling and dispute resolution system and is also a member of the Financial Ombudsman Service (FOS), our independent and impartial ASIC-approved External Dispute Resolution Scheme.

If you are an owner of a Technocash product and have a complaint, you should contact Technocash via any of the following methods:

- Feedback Form on our website
- Email us at feedback@technocash.com
- Fax us on +61 2 9687 1911
- Ring us on +61 2 9687 1900

Our system has strict target timeframes for the resolution of disputes. If you feel your complaint has not been satisfactorily handled or resolved following our internal process you can contact the FOS, whose contact details are as follows:

We have a dispute resolution policy and you can contact us via phone, fax or email for a copy or more information. If you are on the internet, we are also able to provide you with our dispute resolution policy in PDF form Click here.. We also have a dedicated webpage for your feedback Click here..

PDS Changes:

This PDS is up to date as of the date of its preparation as indicated in the header of the document. This PDS may be updated without the need to notify you if the updated information is not materially adverse to you. Any updated information may be obtained at any time from Technocash Pty Ltd for no charge.