Menalco, a TII Company, to Roll Out the Phoenix Exclusivity Licensed SCTN Loyalty for EMV Debit and Credit Cards
September 07 2006 - 2:02PM
PR Newswire (US)
PHOENIX and LAS VEGAS, Sept. 7 /PRNewswire-FirstCall/ -- Menalco, a
TII loyalty company, will start deploying its multi-national
coalition smart card incentives solution system, selektpoints in
several countries prior to the end of year 2006. The innovative,
cross-border system will bring value to consumers, merchants,
acquirers and issuers by providing loyalty points and electronic
vouchers utilizing the Phoenix exclusivity licensed SCTN patented
loyalty system. "We are confident that enhancing a bank's Europay,
Mastercard, Visa (EMV) business case will allow us to secure
several major banks in more than ten (10) countries within the next
twelve (12) months," stated Adnan Abdulaziz Al Bahar, Chairman of
TII. "We have plans that a minimum of 2 million cardholders and
more than 5,000 merchants will be utilizing our in-house loyalty
program, selektpoints as their single insertion, bank card riding
solution by the end of year 2006. "Phoenix's ability to provide a
scalable, highly available solution coupled with multi terminal and
multi card support made our choice an easy one," stated Robert G.
Buchan, CEO of Menalco, owner of the selektpoints brand. "We are
confident that the technology, the people and the culture at
Phoenix will work well with Menalco to ultimately result in
selektpoints becoming the world's largest loyalty program in the
very immediate future." "Menalco's business model is backed with a
solid management team, strong finances and world class partners,"
stated Miki Radivojsa CEO of Phoenix and SCTN. "The Menalco
offering is a very strong proposition to any bank rolling out EMV,"
and presently there are many US and Canadian Banks as well as many
multi-national banks looking for this type of solution. "We have
had a CEO of one of the largest banks in India tell us that we are
the first Loyalty company to come to them with a sound business
model allowing them to move to EMV," states Mr. Buchan. About The
International Investor TII is a leading Kuwaiti based shareholding
company, established in 1992 by institutional and private
investors. The company was listed on the Kuwait Stock Exchange in
1996, and subsequently on Bahrain Stock Exchange. One of TII's
distinct competencies has always been the ability to predict future
trends and identify new opportunities in the financial service
industry. In recent years TII has augmented our core competencies
from being the world leading wholesale Islamic Investment Bank to
include innovative non-bank financial services. About Phoenix
Technology Holdings Incorporated Phoenix Technology Holding, Inc.,
provides hosting, development, sales, client implementation, and
system support for not only financial services products but also
for several other products and services allowing clients to deploy
sophisticated solutions easily and quickly, not only in the US and
Canada but also at the multi-national level throughout the world.
About Smart Chip Technologies (OTC:SCTN) Smart Chip Technologies'
turnkey customer retention solutions, including Loyalty, Pre-Paid
Stored Value, Punch Cards, and Gift Cards enables issuers,
acquirers, and merchants to take advantage of real-time programs
using their cardholder's existing cards using bar codes, magnetic
stripes, smart chips, RFID, Internet accounts, and other consumer
electronic devices. The SCTN system is a scalable, high
performance, end-to-end solution that uses an ASP model to
customize the system's look and feel to reinforce customer
branding. (www.sctn.com) DATASOURCE: Smart Chip Technologies
CONTACT: Smart Chip Technologies, +1-702-341-2076 Web site:
http://www.sctn.com/
Copyright