CAT 0.94% $1.62 catapult group international ltd

loyalty vendors to share patents

  1. 25,374 Posts.
    lightbulb Created with Sketch. 2
    never backward on the announcements....perhaps this time..
    its a bounce ? (dont say it)


    CATUITY INC 2003-05-23 ASX-SIGNAL-G

    HOMEX - Sydney

    +++++++++++++++++++++++++
    Catuity, Inc, Visa USA, Visa International and Welcome Real-time
    today announced they have entered into a patent cross license
    agreement that will increase the availability of interoperable
    systems for smart-card based loyalty rewards at the point of sale. By
    creating the conditions for access to multiple providers, this
    agreement will let Visa Members and partners benefit from best of
    breed components and systems to deploy smart-card based loyalty
    solutions.

    Under the Visa Loyalty Program Patent Agreement, Catuity, Visa and
    Welcome will cross license existing and future patents for Visa smart
    loyalty programs. This cross license will be worldwide and
    royalty-free until the last patent expires. The cross license will
    extend to all Visa affiliates, members and merchants. Participants
    will develop and promote interoperable loyalty solutions by
    integrating the Visa interoperability toolkits within their
    platforms. These toolkits, demonstrated by Visa, Welcome and Catuity
    during Cartes 2002, allow cards with one technology to be used in
    terminals connected to a different loyalty platform, and for data
    from different loyalty processing centers to be aggregated to enable
    customer service activities.

    Michael V Howe, President and CEO of Catuity said, "We believe this
    agreement will strengthen our partnership with Visa and furthers our
    cooperative technology relationship with Welcome. All Visa members
    and merchants can now implement smart Visa loyalty programs without
    the threat of patent claims from the parties to this agreement and
    with the benefits of interoperability between participants."

    This agreement is designed to benefit all users of Visa loyalty
    programs on smart cards and is an important step in achieving more
    rapid expansion of the market for loyalty programs using smart cards.
    Parties to the agreement are licensing their patent portfolio and
    committing to developing, marketing and deploying interoperable
    solutions.

    Howe added: "Although Catuity has and will continue to appropriately
    protect our technology with patents, we are committed to achieving
    faster market adoption of real time loyalty systems worldwide."

    Aneace Haddad, President and CEO of Welcome Real-time said, "Adoption
    of a common interoperability platform immediately removes barriers to
    the deployment of value-added services for smart cards. Card issuers
    and merchants can mix and match software products from different
    vendors, which we believe will encourage innovation and accelerate
    the development of a dynamic industry. We deeply appreciate Visa's
    active encouragement of the industry's common adoption of this
    interoperability platform."

    Catuity, Inc is a leading provider of application software that
    allows merchants, transaction processors and card issuers to
    establish and administer customer loyalty programs integrated to the
    payment system at the point of sale. The patented Catuity system can
    be deployed using a mag stripe, smart card, memory card, RFID or
    contactless token. Catuity's smart card applet has been included on
    millions of chip-based credit cards. Catuity's loyalty software can
    be used by a broad range of sellers of goods and services,
    particularly those who sell through both store locations and over the
    Internet. In addition to its innovative software products, Catuity
    also provides marketing expertise and service to its clients, so that
    with Catuity's loyalty solution merchants can offer their customers
    valuable benefits, thereby attracting and retaining customers as well
    as encouraging increased purchases. More information on Catuity is
    available at its website: http://www.catuity.com.

    Welcome Real-Time (www.welcome-rt.com) provides smart card software
    that enhances payment transactions with real-time point of sale
    features such as welcome gifts, surprise bonuses, personal reminders,
    targeted samples, loyalty points, coupons, punch cards, vouchers,
    tickets, cash back and more, all in a single convenient payment
    process. The company's clients include financial institutions,
    retailers, associations and other card issuers who rely on Welcome's
    software to get the most out of their smart card investment. With
    millions of smart cards and thousands of merchants operating the
    company's software across the world, Welcome has proven repeatedly
    that its easy-to- deploy solutions generate higher sales for its
    clients while increasing their customers' satisfaction and loyalty.

    Contacts:

    Catuity: Michael Howe, PRESIDENT & CEO, 313 567 4348
    Bev Jedynak, Martin E Janis & Co, Inc, 312 943 1100 ext 12

    Welcome: Aneace Haddad, PRESIDENT & CEO +33 (0)4 4297 5897
    Debra Montner, Montner & Associates, 203 226 9290
    Marjorie Banes, Welcome, +33 (0)4 4297 5862

    In conjunction with the provisions of the "Safe Harbor" section of
    the Private Securities Litigation Reform Act of 1995, this release
    may contain forward-looking statements pertaining to future
    anticipated projected plans, performance and developments, as well as
    other statements relating to future operations. All such
    forward-looking statements are necessarily only estimates of future
    results and there can be no assurance that actual results will not
    materially differ from expectations. Further information on potential
    factors that could affect Catuity, Inc is included in the Company's
    Form 10-K, which is filed with the US Securities & Exchange
    Commission.
 
watchlist Created with Sketch. Add CAT (ASX) to my watchlist
(20min delay)
Last
$1.62
Change
0.015(0.94%)
Mkt cap ! $308.2M
Open High Low Value Volume
$1.61 $1.70 $1.59 $4.363M 2.672M

Buyers (Bids)

No. Vol. Price($)
1 4027 $1.62
 

Sellers (Offers)

Price($) Vol. No.
$1.65 5277 2
View Market Depth
Last trade - 16.10pm 27/02/2020 (20 minute delay) ?
(live)
Last
$1.63
  Change
0.015 ( 4.56 %)
Open High Low Volume
$1.62 $1.69 $1.60 192567
Last updated 15.59pm 27/02/2020 (live) ?
CAT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.