The two leading providers of loyalty systems for smart cards have signed a cross-licensing patent agreement brokered by Visa U.S.A. that will allow cards issued with one vendor's software to work with terminals and back-end systems using technology from the other company. Welcome Real-time, based in Aix-en-Provence, France, and Detroit-based Catuity Inc. announced the agreement today. It completes a process begun last year when Visa engaged Welcome to develop a software layer that would make loyalty programs from …
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