You beat me to it. In its whole...
Aug 19, 2011
News that SCTN stockholders have been waiting for has finally arrived in the US:
Rollout of EMV smart chips in debit and credit cards opens a loyalty market for SCTN US Patent 5,806,045
The following is the current loyalty environment behind our strategy in exploiting market opportunities:
On August 12th, 2011, Visa announced plans to take an aggressive step toward curbing credit card fraud in the United States by accelerating the transition to embedded EMV (Europay, MasterCard, and Visa) chips in debit and credit cards. EMV is the global standard for micro-processing chips that are embedded in credit and debit cards to provide additional security and the ability to include other applications such as Loyalty.
AT&T Inc. and Verizon Wireless, the largest U.S. mobile carriers, are planning a venture to displace credit and debit cards with smartphones, posing a new threat to Visa Inc. and MasterCard Inc.
Apple and Microsoft, two traditional rivals, partnered with other high tech companies to outbid Google’s $900 Million bid with a $4.5 Billion bid for Nortel patents.
Google is spending $12.5 Billion to buy Motorola Mobility. But the big prize isn't Motorola's lineup of cellphones, computer tablets and cable set-top boxes. It's Motorola's more than 17,000 patents — a crucial weapon in an intellectual arms race with Apple, Microsoft and Oracle to gain more control over the increasingly lucrative market for smartphones, tablets and other mobile devices.
Opportunity for Handheld Portable Devices, Smart Cards, Smart Phones, and Near Field Communications (NFC) Devices
The announcements continue to come almost on a daily basis. SCTN brings an EMV standard for loyalty on a smart (micro-processing) chip which may enable the Company to play the role of “King-Maker” in the Mobile Payment and NFC Marketspace.
Google is an advertising and marketing company that sees its future in mobile payments which require a smart phone, or to use the SCTN patent terminology, a handheld portable device. Google wants to go local, and point-of-sale is their targeted location. We can use our software in the types of loyalty applications which will be downloaded onto these ubiquitous handheld portable devices including smart cards, mobile phones and the NFC devices which are going to accelerate the new streams of commerce.
What IE Market Research had to say about the future of Near Field Communications NFC
"NFC has the potential to replace cash and other payment methods, and could account for a third of the $1.1 Trillion global mobile payments market by 2014."
We have tremendous opportunities now that the July 7, 2011 TII/Menalco/Procco Amended Agreement is final. My next letter will address what the company has accomplished with this Agreement.
For further information, contact us
We need funding to exploit these exciting and lucrative opportunities. If you are interested in funding our growth and expansion, please call me at (702) 778-4784, or email me at bmchale@sctn.com or at mac21@cox.net to arrange a time to discuss it.
Sincerely,
Bernard F. McHale
Bernard "Mac" McHale, CEO and Chairman
email: bmchale@sctn.com
phone: 702-778-4784
What do you think?
Disclaimer:
Any statements contained in this document that do not describe historical facts may constitute forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties.
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I got to thinking that the ease at which credit card numbers etc... are hacked per news stories, those numbers could be weaponized if fraudulently used in mass in conjunction with other assorted attacks. Hopefully SCTN can put a block to such an opening.
Sounds like the next conveyance may be a briefing on SCTN's inclusion in the system.
