Canada Issues Gateway Loyalty System Patent

Wednesday 16 June 2004 07:02 CET | News

Canadian Intellectual Property Office has issued Smart Chip Technologies(SCTN) patent 2182596, Method and System for Allocating and Redeeming Incentive Credits between a Portable Device and a Base Device, which is an expanded version of the patents owned in the United States, Mexico, Australia, and Japan.

The broad SCTN patents cover the business process of allocating, storing, and redeeming any type of loyalty, rewards, or incentives between devices such as smart cards, mobile phones, merchant point-of-sale terminals, ATMs, PCs, satellites, or mainframe computers. The patents are key to SCTNs end-to-end loyalty program management solution that is engineered for EMV (Europay, MasterCard, Visa), Global Platform, and MULTOS compliance for electronic payment integration. As the loyalty system is compatible with bar code, magnetic-stripe, RFID, and smart cards, it provides a smooth migration path for banks and financial institutions that must maintain popular cardholder rewards schemes during the upgrade to secure, EMV-compliant smart cards. The loyalty system can also be integrated with CRM systems, and add value to multi-application transit, gaming, entertainment, access, and campus cards.

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Categories: Payments & Commerce | Cards
Countries: World
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