LAS VEGAS, Aug. 23, 2011 /PRNewswire/ --
A dynamic loyalty environment with major players
On August 12, 2011, Visa announced
plans to take an aggressive step toward curbing credit card fraud
in the United States by
accelerating the transition to embedded Europay, MasterCard, and
Visa (EMV) chips in debit and credit cards. EMV is the global
standard for micro-processing chips that are embedded in credit and
debit cards to provide additional security and the ability to
include other applications such as Loyalty.
AT&T Inc. and Verizon Wireless, the largest U.S. mobile
carriers, are planning a venture to displace credit and debit cards
with smartphones, posing a new threat to Visa Inc. and MasterCard
Inc. Apple and Microsoft, two traditional rivals, partnered
with other high tech companies to outbid Google's $4 Billion bid with a $4.5
Billion bid for Nortel patents. Google is spending
$12.5 Billion to buy Motorola
Mobility, but the big prize isn't Motorola's lineup of cellphones,
computer tablets, and cable set-top boxes, it's Motorola's more
than 17,000 patents, a crucial weapon in an intellectual arms race
with Apple, Microsoft and Oracle to gain more control over the
increasingly lucrative market for smartphones, tablets, and other
mobile devices.
Google sees its future in mobile payments. It is also looking at
other ways to reduce the anti-competitive threats against Android
by strengthening its own patent portfolio. On August 18, 2011 Citigroup Inc. announced it has
launched a mobile-rewards application with Best Buy Co. Inc. that
enables its cardholders to redeem ThankYou rewards. The
issuer's free app runs on Apple Inc. iPhone or iPod devices and on
smartphones that use Google Inc.'s Android operating system.
According to IE Market Research, "NFC has the potential to replace
cash and other payment methods, and could account for a third of
the $1.1 Trillion global mobile
payments market by 2014."
Opportunity for Schimatic Cash Transactions Network.com
(SCTN) patented Loyalty Program
Into this global market for EMV compliant smart cards, mobile
rewards and patent protection SCTN brings an EMV standard for
loyalty on a smart (micro-processing) chip including Smart Cards,
Smart Phones, and Near Field Communications (NFC) devices.
SCTN's US patent 5,806,045 is described as: "A method
and system for allocating and redeeming incentive credits on an
integrated microcircuit chip platform." The Company has registered
patents in United States,
Canada, Mexico, Japan, and Australia. Collectively these patents
could enable our company to play the role of game changer in the
Mobile Payment and NFC Market space, creating the potential for us
to realize a substantial increase in shareholder value.
Contact us
Call (702) 778-4784 or (702) 361-3624, or email bmchale@sctn.com
for more information.
About Schimatic Inc. (Schimatic) based in Las Vegas, Nevada trades under the symbol
SCTN. Schimatic is doing business as Smart Chip Technologies (SCTN)
LLC. SCTN is a patent licensing company engaged in the research,
development, and integration of proprietary processes incorporating
smart software technologies for the electronic payment industry.
Our mission is "Licensing loyalty for rewarding solutions."
www.sctn.com
Forward Looking Statement
Safe Harbor Statements under the Private Securities Litigation
Reform Act of 1995: with the exception of historical information,
the statements set forth above include forward looking statements
that may involve risk and uncertainties. Actual results may
differ materially from the results predicated and reported results
should not be considered as an indication of future
performance.
SOURCE SCTN
