Article: IFS International Licenses TPII Electronic Purse Solution to Citibank Hong Kong for Major Smart Card Program.

TROY, N.Y., Oct. 20 /PRNewswire/ -- IFS International, Inc. (Nasdaq: IFSH) today announced that Citibank, NA Hong Kong Branch has licensed its TPII software to provide the Electronic Funds Transfer (EFT) management system to support the Citibank SHKP Club Visa Card.

Citibank, NA Hong Kong Branch has licensed TPII in order to jointly launch with Sun Hung Kai Properties (SHKP) a significant upgrade to the successful Citibank SHKP Club VISA Card. This upgraded card is the world's first commercial multifunctional smart card using Visa Open Platform (VOP) technology and Hong Kong's first credit card to feature the Visa Cash function. Together with SHKP's contact-less ...

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