LAS VEGAS, March 30 /PRNewswire-FirstCall/ -- Schimatic Cash
Transactions Network Inc./dba Smart Chip Technologies LLC (Pink
Sheets: SCTN) today announced that Phoenix Technology Holding (US)
Inc. (PTH), the exclusive licensor of the SCTN Patented Loyalty
Technology and a leading edge provider of information technology
solutions for loyalty programs, signed a licensing agreement
with Front Stream Payments/Direct Technology Innovations to deploy
the Phoenix's Loyalty Central
Operating-Delivery System with SCTN's patented technology
inside.
The agreement will permit Front Stream Payments to deploy PTH's
unique "best of breed" wireless e-llegiance Loyalty Central
Operating System. The patented loyalty technology is exclusively
licensed by PTH from Schimatic Cash Transactions Network Inc. via
Smart Chip Technologies LLC.
"This agreement brings us into the credit card processing
service and micro payment environment, and will demonstrate the
versatility and flexibility of our wireless e-llegiance Loyalty
Central Operating-Delivery System," said Bernard F. McHale, CEO of PTH and SCTN. "Our
patented loyalty technology has the potential to be a game-changer
in the marketplace, and bring real time value to our customers like
never before."
Front Stream Payments is a leading provider of merchant payment
solutions for small to mid-sized businesses. Its services include:
credit card processing (debit and credit), electronic benefits
transfer, gift and loyalty card programs, check guarantee and point
of sale software integration services such as VeriFone and
Hypercom. See www.frontstreampayments.com to learn more about the
company.
Direct Technology Innovations Inc. is a merchant bank card
provider associated with several major banking organizations.
DTI provides card services for Subway, Taco Bell, McDonald's
and 5,000 other companies utilizing their Swipe and Go system. DTI
was recently purchased by Front Stream Payments and is now a part
of that company. See www.directtec.com to learn more about that
company.
About Phoenix US: It provides sales, client
implementation, hosting, development and systems support for
customer retention products allowing clients to deploy
sophisticated solutions easily and quickly. Phoenix US is the
exclusive licensor of Loyalty Central Patented Technology from
SCTN. See www.phoenix-tec.com to learn more about the
company.
About Smart Chip Technologies: It provides turnkey customer
retention solutions, including loyalty, pre-paid stored value,
punch cards and gift cards, that enable card issuers, acquirers and
merchants to take advantage of real time programs. The SCTN program
is a scalable, high performance, end-to-end solution that uses an
ASP model to customize the system's look and feel to reinforce
customer branding. See www.sctn.com to learn more about this
company.
Disclaimer:
Any statements contained in this document that do not describe
historical facts may constitute forward looking statements as that
term is defined in the Private Securities Litigation Reform Act of
1995. Any forward-looking statements contained herein are based on
current expectations, but are subject to a number of risks and
uncertainties.
SOURCE Schimatic Cash Transactions Network Inc.