Card Activation Technologies Inc.

• Public
• US

Dow Jones Description

Card Activation Technologies, Inc (CDVT) is a Delaware Corporation headquartered in Chicago, Illinois that owns proprietary patented transaction technology which covers Gift Cards, Phone Cards and Debit Cards used by thousands of retailers. The management's mission is to pursue license agreements for its patented technology from the thousands of retailers and if necessary enforce our rights through the court system. An independent appraisal has given the value of the patent through a successful patent enforcement program at $3.7 billion. A study by the Federal Reserve Bank of Philadelphia in March 2007 indicated that prepaid cards accounted for $181.7 billion in transactions in 2006, and is one of the fastest growing payment products. Prepaid cards are among the newest payment card innovations. They are distinguished by a pay early model. The most well known and successful version of this product is retail gift cards.

Chairman, President and Chief Executive Officer

Number of Employees 1

Contact Information

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