Smart Chip Technologies announced the completed demonstration model of its integrated payments/loyalty solution on a smart card, first demonstrated at the Card Tech/Secur Tech Conference in Toronto.
“Our demonstration shows the direction of the industry, and proves our capability to meet the emerging demands for loyalty in combination with payment systems,” Jim Williams, president and chief executive officer of Smart Chip Technologies, said in a prepared statement.
“With our recent alliances with Oasis Technology and Cardis Research and Development, we are aggressively moving toward a broad product line, encompassing payments, micropayments, and loyalty, for both POS and Internet environments.”
SCTN recently concluded negotiations to obtain exclusive patent-license rights in North America to Cardis’s Ultimus micropayment solution. This solution allows the integration of small payments, traditionally too small to be profitable to merchants, into the normal payment stream.
In combination with Oasis Technology’s proprietary payments processing software, SCTN will be able to integrate powerful payment and loyalty solutions on a single platform. Oasis and SCTN announced their alliance Monday.
“Recent announcements by Fleet Bank and others of their impending launch of smart cards gives us confidence that we are positioned at the front of a major technological wave. With our alliances and our patent-protected technology, we are confident that we can deliver a solid value proposition to our partners,” Williams said.
“We look forward to extending the power of our suite of patents through key partnerships with other leaders in the industry.”
Smart Chip Technologies is the dba of SCHIMATIC Cash Transaction Networks.com Inc. (SCTN). SCTN is an applications service provider specializing in end-to-end loyalty and cause-marketing solutions.
Through the power of its robust database engine, LoyaltyCentral, the company is using its patent-protected methodology and its technology to move businesses and consumers from magnetic stripe cards to multiple-application smart devices. Smart Chip merges the virtual word with the physical world on a single database platform, allowing seamless loyalty solutions for both on- and off-line transactions.
Further information can be accessed via the corporate web site, [www.sctn.com], by contacting Smart Chip at 801/355-0066, 205 West 700 South, 2nd Floor, Salt Lake City, UT 84101-2736 or by writing Smart Chip at email@example.com.