SmartCard Marketing Sys, Inc. (OTC:SMKG) and CardLogix Corp Announce Partnership to Develop Seamless, High Security Closed-L
June 20 2017 - 5:00AM
InvestorsHub NewsWire
SmartCard Marketing Systems, Inc.
(OTC:SMKG) and CardLogix Corp Announce Partnership to Develop
Seamless, High Security Closed-Loop Payment
Solutions
New York, NY - June 20, 2017 -
InvestorsHub NewsWire - SmartCard Marketing Systems, Inc.,
provider of cloud-hosted payment solutions, and CardLogix
Corporation, leading smart card manufacturer, announced today a
partnership to offer seamless payment solutions that tie SmartCard
Marketing Systems’ payment architecture to CardLogix’ smart card
platforms.
The partnership was formed in response to the
increasing need to fight payment fraud whilst strengthening mobile
payment solutions using robust identity authenticators, such as
smart cards and biometrics, and to serve the growing market for
multi-use ID credentials with payment capability.
SmartCard Marketing Systems, Inc. will
collaborate with CardLogix to provide a sandbox solution as well as
custom-built solutions that emphasize speed, mobility, and security
for medium-sized enterprises, governments, and resort &
casinos. The system will map ID filters and parameters of the
unique user for transacting value securely over a cloud-hosted,
closed-loop payment system.
“We are
excited about this partnership as it further strengthens our
payment architecture with a company that has extensive knowledge in
the chip card industry. We see many customers that require internal
ID security solutions, and their customers require the same
high-level of security to transact remotely,” said Massimo Barone,
CEO at SmartCard Marketing Systems.
Over the last two years, banks have adopted
secure identity and biometric solutions in order to transact
securely and to connect cardholder identities with their mobile
banking and payment services. SmartCard Marketing Systems and
CardLogix will offer that level of security to customers that
desire closed-loop payment cards for their revenue-generating
advantages over bank-issued cards.
CardLogix smart chip cards feature multiple
security countermeasures that derail payment fraud, strengthen
systems reliability, and increase traceability with technology that
ensures data integrity and non-repudiation. Adding a biometric,
such as a fingerprint, to the card’s unique ID, adds an extra
factor of authentication that binds the cardholder’s identity to
the card, ensuring that only the authorized individual will have
access to sensitive data and value. The biometric data is stored
securely in the card’s chip and never revealed to the central
database, maintaining customer privacy. Other layers of security,
such as the CC EAL5+ trusted silicon and unique command session
keys, prevent cloning, skimming, and replay attacks during payment
transactions.
Moreover, “As
the industry continues to move toward database-centric solutions
and intelligent systems using strong authenticators, such as smart
cards and biometrics, the next phase will be to enable payments
using the same credentials with other applications. We are prepared
for that transition,” Massimo added.
CardLogix’ contact, contactless, and hybrid
microprocessor smart cards feature up to 162k bytes of user memory
with containers that can be configured for multiple applications.
The same payment ID card can be used for cyber access control,
building and room access, loyalty and stored value, and even
electronic healthcare records for national healthcare identity
programs.
“The combination of SmartCard Marketing
Systems’ payments architecture and CardLogix’ M.O.S.T. OS smart
cards and other chip solutions will bring best-in-class payment
solutions that emphasize speed, convenience, and security to these
emerging markets. We look forward to this new partnership focused
on the growing demand for secure, closed-loop payment solutions,”
said Tom Hope, Director of Sales at CardLogix.
About
SmartCard Marketing Systems
SmartCard Marketing Systems Inc. (SMKG:OTC) is a
Fintech payment accelerator Co & solutions provider to the
payments industry, with cloud-based EMV host Acquiring, Issuing
& Processing solutions to Banks, Telecoms and Enterprise. The
company offers advisory services & offers proprietary software
solutions including Genorocity.com, a coupon and incentive platform
for the Retail & Events industry, Check21SAAS.com a Remote
Deposit Check solution for X9 clearing, EmphasisPay.com a gateway
for ISV’s, and VelocityMWallet.com, a transaction payment ecosystem
for alternative payment solutions & processing. For more
information, go to: www.smartcardmarketingsystems.com
About
CardLogix
CardLogix is a full-service card manufacturer
and software developer specializing in smart card technology with
over 25 years of experience in the chip card industry. The company
provides custom-built cards, development tools, and software
applications to system integrators, governments, and businesses
around the world. CardLogix smart cards and software are built for
multiple applications including access control, closed-loop payment
systems, and national healthcare systems. CardLogix services
include systems consulting and integration, artwork and security
graphic printing, chip embedding, chip programming, and graphic
personalization such as serialized laser engraving. For more
information, go to: www.cardlogix.com
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contact; news@smartcardmarketingsystems.com
1-844-THE-PAYMENT
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