SmartCard Marketing Systems, CardLogix to develop closed-loop payment solutions
SmartCard Marketing Systems, Inc. and CardLogix Corporation have partnered to deliver seamless payment solutions that connect SmartCard Marketing Systems’ payment architecture to CardLogix’ smart card platforms.
Through the collaboration, the companies will provide a sandbox solution as well as custom-built solutions that optimize speed, mobility, and security for medium-sized enterprises, governments, and resort and casinos.
The system will map ID filters and parameters of the unique user for sending payments 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,” said Massimo Barone, CEO at SmartCard Marketing Systems. “We see many customers that require internal ID security solutions, and their customers require the same high-level of security to transact remotely.
“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.”
The companies will offer a high level of security to customers that prefer closed-loop payment cards for the revenue-generating benefits they have over bank-issued cards.
CardLogix smart chip cards feature multiple security measures that prevent payment fraud, reinforce systems reliability, and increase traceability with technology that ensures data integrity and non-repudiation.
Adding a biometric to the card’s unique ID provides another authentication factor that connects the cardholder’s identity to the card, ensuring that only the authorized user 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 the highest level of customer privacy.
Additionally, other layers of security including the CC EAL5+ trusted silicon and unique command session keys, prevent cloning, skimming, and replay attacks during payment transactions.
CardLogix’s 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 payment ID card can also be used for cyber access control, building and room access, loyalty rewards programs, and 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,” said Tom Hope, director of sales at CardLogix. “We look forward to this new partnership focused on the growing demand for secure, closed-loop payment solutions.”