Smart Chip Technologies Licenses Patent to Smart Card Innovator TranStar Systems

Saturday 22 November 2003 15:11 CET | News

TranStar Systems has licensed the Smart Chip Technologies (SCTN) business process patent, Method and System for Allocating and Redeeming Incentive Credits between a Portable Device and a Base Device, with 36 claims relevant to its own smart card loyalty system.

TranStar has smart chip-based stored value, gift, and loyalty card systems installed in retailers and restaurants including Little Caesars and Subway, SCTN will receive initial and usage-based royalties per the licensing agreement.

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Categories: Payments & Commerce | Cards
Countries: World
This article is part of category

Payments & Commerce