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CardSelect Inc. to Sell Key Patents Related to the "Issuance of Financial Transaction Cards and Other Cards Via the Internet" at The Ocean Tomo Live IP Auction in Chicago on October 25th.


CHICAGO -- CardSelect Inc. today announced the sale of Lot 6A, comprised of U.S. Patent Number 5,969,318 and related patents in Canada, Europe and Japan pertaining per·tain  
intr.v. per·tained, per·tain·ing, per·tains
1. To have reference; relate: evidence that pertains to the accident.

2.
 to the issuance of financial transaction cards and identity cards via multiple vendors. The lot will be offered at The Ocean Tomo Fall 2007 Live IP Auction on October 25th at the Palmer House This article is about the hotel in Chicago. For the Sauk Centre hotel, see The Palmer House (Sauk Centre). For Potter Palmer's mansion, see Palmer Mansion

The Palmer House Hilton is a famous and historic hotel in downtown Chicago.
 Hilton in Chicago.

The growing trend in the credit card industry to offer high-value customer-oriented choices has focused the spotlight Spotlight can refer to at least three types of lighting:
  • a searchlight;
  • stage lighting used in theatre to focus an audience's attention on a performer or event, known as a Followspot;
 on CardSelect's patented co-branding and loyalty management solution. This Internet-based methodology enables issuers to offer customizable credit cards to consumers allowing them to select the merchant reward programs they use most often and link them, either online or offline, to their financial transaction card of choice. The system can be tailored for use in either magnetic stripe A small length of magnetic tape adhered to credit cards, badges, permits, passes and tokens. The tape is read by magnetic stripe readers incorporated into ATMs, identification readers and payment terminals.  or smart card environments and creates a unique "virtual mall" bringing together global card issuers, loyalty partners and consumers.

"By providing the ability to manage complex relationships between all involved parties on the Internet Internet

Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the
, this system offers card issuers a better way to acquire new and more valuable customer accounts while keeping acquisition costs low and customer retention rates high," stated Holger Mackenthun, President of CardSelect, Inc.

The technology disclosed in Lot 6A presents an enormous opportunity for companies with card applications like credit cards, loyalty cards, gift cards, trusted traveler ID-cards, driver's license Noun 1. driver's license - a license authorizing the bearer to drive a motor vehicle
driver's licence, driving licence, driving license

license, permit, licence - a legal document giving official permission to do something

 cards and generally any ID-cards.

For more information on Lot 6A or to register to bid or attend the Ocean Tomo Fall 2007 Live IP Auction, please call 312.377.4851, email auctions@oceantomo.com or visit www.OceanTomoAuctions.com.

About CardSelect Inc.:

CardSelect Inc. was founded by Holger Mackenthun, who developed a patented loyalty platform for customizing and issuing credit cards, smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications.  and multiple application cards both online and offline. More information on CardSelect, products and patents can be found on the company's web site at http://www.cardselect.com.
COPYRIGHT 2007 Business Wire
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Copyright 2007, Gale Group. All rights reserved.

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Publication:Business Wire
Date:Oct 2, 2007
Words:325
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