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CREDITZ® Digital Currency Adds RFID to its Loyalty Payment System - Move Enhances Convenience for Digital Transactions in Canada
Publish Date : 1/24/2008 5:20:00 AM Source : Latest Africa News Onlypunjab.com
CEO Creditz, Inc. (PINK SHEETS:CEOX), exclusive Canadian licensee of CREDITZ® Digital Currency, today announced that it will be adding a contactless, Radio Frequency Identification (RFID) application to its electronic micro-payment and loyalty system.
The CREDITZ RFID-enabled cards will be introduced at the upcoming Electronic Transaction Association (ETA) annual convention in April in Las Vegas, Nevada. This new addition to the CREDITZ system will provide CREDITZ Account holders with increased convenience and a faster transaction experience at participating CREDITZ retailers. Powered by IBM Series I Technology, Creditz RFID contactless payments are designed to ensure fast and convenient transactions for both the merchant and consumer, and are ideal for retailers who attract and retain customers by how quickly they process transactions.
David Vaters, founder of the Creditz System, stated, “With CREDITZ RFID consumers can sign up free, get paid to shop and will be able to enjoy the speed, convenience of contactless payments. As the first payment system designed for the 21st century digital economy, we are pleased to be able to integrate RFID into our micro-payment, loyalty and marketing solution for merchants and their customers."
Vaters added, “We have been developing the micro-payment capability of the Creditz System and now we are ready to market and deploy in an exponential way with payment industry partners in Canada." He further added, “The system allows for the efficient purchasing of items under $5.00 at retail, so quick service restaurants, convenience stores and municipal transportation systems are a natural fit for our new capability.”
About CEO Creditz, Inc.
CEO Creditz, Inc. (PINK SHEETS:CEOX) has the exclusive Canadian license of the CREDITZ® Digital Currency System. Utilizing IBM’s latest database and Series I infrastructure technology, CREDITZ is designed as a global loyalty payment and marketing system that replaces cash, and provides spendable CREDITZ Digital Currency to consumers. CREDITZ are paid to customers for behavior, and merchants can earn incremental revenue from that behavior. CREDITZ is the first payment system to integrate 21st Century technology micro-payments, loyalty, marketing and business intelligence into an offline and mobile operating platform. It is the world’s first digital currency - the transaction and marketing engine for the digital economy. |
South African aid for Somalia's tsunami victims
Publish Date : 1/29/2005 1:41:00 PM
A South African aid organisation will take a flight to Somalia with medicines, tents, blankets and other items to help victims of the Dec 26 tsunami, the first from the African ....
Kallis helps terminally ill kids reach for a dream
Publish Date : 1/29/2005 1:08:00 PM
South African cricketer Jacques Kallis' runs during the Test series with England raised more than 6,000 rands ($1,000) to help terminally ill children.
'Bollywood creating misconception about Indian society'
Publish Date : 1/28/2005 10:20:00 AM
Bollywood films are creating misconceptions among audiences abroad about Indian poetry and the rapid change in Indian society, according to award winning Hindi poet Kanhaiya Lal Nandan.
Mystery of Hanuman statue on South African beach
Publish Date : 1/27/2005 11:58:00 AM
Scientists and religious leaders have expressed doubts that a statue of Hindu deity Hanuman found on a beach in South Africa had been carried there from Sri Lanka ....
First Oscar nomination for South African film
Publish Date : 1/27/2005 10:33:00 AM
Acclaimed South African Indian filmmaker Anant Singh is thrilled that his film "Yesterday" has been nominated as the country's first ever entry to the Oscars.
South African Gujarati community worker honoured
Publish Date : 1/25/2005 12:38:00 PM
A Gujarati community worker who spent almost three decades caring for a crematorium - constructed after intervention by Mahatma Gandhi nearly a century ago - was honoured here.
Mogadishu police chief shot dead
Publish Date : 1/24/2005 4:09:00 PM
Gunmen in Somalia have shot dead the police chief in the capital, Mogadishu.
South Sudanese in unity challenge
Publish Date : 1/24/2005 4:06:00 PM
Sudan's former southern rebel leader John Garang has challenged the north to say why the country should stay united.
Ethiopians mourn television star
Publish Date : 1/18/2005 7:22:00 PM
Tens of thousands of Ethiopians have attended the funeral of one of the country's most popular comedians and television hosts.
Appeal for locust-hit Mauritania
Publish Date : 1/18/2005 7:17:00 PM
Locusts and drought have obliterated agricultural production in Mauritania, leaving 400,000 people in urgent need of food aid, the UN food agency says.
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