CREDITZ(R) Digital Currency Announces Addition of RFID to Its Loyalty Payment System
28 Januar 2008 - 3:45PM
Business Wire
CEO America, Inc. (PINK SHEETS:CEOA), exclusive US licensee of
CREDITZ� Digital Currency, today announced that it plans to pilot
the addition of 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. More and more, consumers are electing to use
contactless cards over traditional magnetic stripe cards. These
transactions are usually faster than cash or traditional magnetic
stripe credit cards, eliminate the need to swipe the card, and in
many instances, also, eliminate the need to sign a receipt. 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." 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 America, Inc. CEO America, Inc.
(PINK SHEETS:CEOA) has the exclusive US 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.
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