Exhibit 10.07
                            EMPLOYMENT AGREEMENT

I.       This agreement is executed this 7th day of July, 2004 and made
         effective as of March 15, 2004 ("Effective Date"), between Schimatic
         Cash Transactions Network.com, Inc., a Florida corporation ("Employer",
         "Company of "SCTN""), and Joseph E. Diamond ("Diamond" or "Employee")
         and (collectively the "Parties"). This agreement amends all prior
         employment agreements. All aspects of the previous agreements that are
         not specifically affirmed are to be considered void.

II.      RECITALS

         A.   Employer is a Florida corporation, the principal business of
              which is computer software solutions with particular expertise in
              Smart Card Loyalty programs.

         B.   Employer's current headquarters office ("Corporate Office") is
              330 E. Warm Springs Rd., Las Vegas, NV 89119, and its back office
              operations ("Operations Center") are currently located at 7190
              South State St. in Midvale, Utah.

         C.   Company recognizes that Diamond has played a key role, and will
              continue to play a key role, in the administration, finance and
              legal areas of the business of SCTN.

         D.   Company desires to ensure the continued involvement of Diamond,
              and is therefore entering this Employment Agreement for Diamond
              to serve as Senior Vice President of Administration and Finance,
              reporting to the CEO and on the Board of Directors.

         The Parties wish to enter into a written agreement to memorialize the
         terms of Employee's employment by the Employer.

III.     AGREEMENT.

         In consideration of the employment of Diamond by the Employer and other
         good and valuable consideration, the parties hereto agree as follows:

         A.   Employment. The Employer agrees to employ Diamond as Senior Vice
              President of Administration and Finance on the terms set forth
              herein. Diamond accepts such employment and agrees to work full
              time and use his best efforts in performing services for the
              Employer, to include establishment of, and ongoing operation of,
              all administrative, legal, and financial functions of the
              Company.

         B.   Terms & Salary Employee's current salary will be five thousand
              dollars ($5,000) per month. Employee will be given regular
              reviews and, subject to employee's continued performance of
              duties, employee will be given raises, bonuses, and additional
              compensation in reasonable correlation with the salaries and
              compensation packages of other senior executives. Except as
              provided herein, the term of this Agreement shall be for a period
              of three (3) years commencing on the Effective Date.

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                       Diamond Employment Agreement (Cont)
                       -----------------------------------

         C.   Stock, Stock Options and bonuses. The stock to be issued under
              the terms of this agreement will settle all prior agreements
              related to stock, stock options, and agreements to convert debt
              into stock. Under previous agreements Diamond has the rights to
              the following:

                    1.   Stock options to purchase 10,000,000 shares at $0.15
                         per share;

                    2.   66,777 Shares for the month of February 2004;

                    3.   100,000 Shares per month for March, April, May and June
                         2004;

                    4.   Convert unpaid expenses into shares of stock at $0.15
                         cents per share;

                    5.   Convert unpaid salary to stock.; and

                    6.   1,000,000 shares to be issued with an issue date of
                         March 15, 2004;

              Under this agreement, the above stock and options will be replaced
              by the compensation schedule as follows, and Diamond is being
              granted:

                    7.   The 1,000,000 shares to be issued in the name of
                         Therese M. Diamond, as her sole and separate property,
                         as of March 15, 2004 is affirmed;

                    8.   The shares to be issued under the former agreements in
                         lieu of salary, for unpaid salary and for unpaid
                         expenses is to be settled at 500,000 shares to be
                         issued in the name of Therese M. Diamond, as her sole
                         and separate property, with an issue date of June 15,
                         2004;

              Because the position Diamond has taken with SCTN REQUIRES FAR MORE
              TIME THAN Diamond has agreed to provide SCTN, Diamond has prepared
              an invoice for $800,000.00 to go forward and service the company
              full time, devoting all the time necessary to complete the tasks
              of SCTN and to devote all of his efforts to SCTN, including
              turning over his law practice to others and abandoning any
              practice of law for anything other than SCTN business. Under this
              agreement Diamond and SCTN agree to settle the invoice from
              Diamond in the amount of $800,000.00 as follows:


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                       Diamond Employment Agreement (Cont)
                       -----------------------------------

                    9.   Employer will issue 16,000,000 shares in the name of
                         Therese M. Diamond, as her sole and separate property,
                         under the following terms:

                          a.  The options for 10,000,000 shares are voided;

                          b.  1,500,000 shares are to be issued in the name of
                              Therese M. Diamond, as her sole and separate
                              property, as of April 15,2004;

                          c.  1,500,000 shares to be issued in the name of
                              Therese M. Diamond, as her sole and separate
                              property, as of May 15, 2004;

                          d.  1,500,000 shares are to be issued in the name of
                              Therese M. Diamond, as her sole and separate
                              property, as of June 15, 2004;

                          e.  1,500,000 shares to be issued in the name of
                              Therese M. Diamond, as her sole and separate
                              property, as of July 15, 2004; and

                          f.  10,000,000shares to be issued as of August 1, 2004
                              that are subject to being forfeited if Diamond
                              does not stay with the company until March 15,
                              2007. These 10,000,000 are to be released from
                              potential forfeiture at the rate of 312,500 shares
                              per month beginning on August 15, 2004 and 312,500
                              shares on the fifteenth of each subsequent month
                              until March 15, 2007 at which time any shares not
                              previously released will have all restrictions
                              removed. The terms of forfeiture for the
                              10,000,000 shares are explained in detail in III
                              D, E and F.

SCTN and Diamond agree that in full payment of Diamond's invoice for Eight
Hundred Thousand dollars ($800,000.000.00) SCTN shall cause Sixteen Million
(16,00,000) shares of common stock in SCTN to be issued in the name of Therese
M. Diamond, as her sole and separate property, as soon as there is an
opportunity to have additional shares authorized for issuance by the
shareholders, as follows. One Million five hundred thousand (1,500,000) shares
to have an issue date of April 15, 2004, One Million five hundred thousand
(1,500,000) shares to have an issue date of May 15, 2004, One Million five
hundred thousand (1,000,000) shares to have an issue date of June 15, 2004, One
Million five hundred thousand (1,500,000) shares to have an issue date of July
15, 2004 and Ten Million (10,000,000) shares to have an issue date of August 1,


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                       Diamond Employment Agreement (Cont)
                       -----------------------------------

2004. The Seven Million Five Hundred Thousand (7,500,000) shares with an issue
date of July 15, 2004 and prior to July 15, 2004 cannot be forfeited. The Ten
Million shares issued on August 1, 2004 are subject to forfeiture if Joseph E.
Diamond resigns or is terminated for cause as outlined in III H 5 c of this
agreement. See below. If Joseph E. Diamond is terminated for any other reason
the shares shall no longer be subject to any forfeiture as of the effective date
of the termination.

D.   If Diamond dies during the term of this agreement, then 60% of all shares
that were subject to forfeiture on the date of death will be turned over to SCTN
and the balance will have all restrictions removed.


E    Beginning on August 15, 2004 and on the fifteenth of each succeeding month
through February 15, 2007 the number of shares that can be forfeited for lack of
performance by Joseph E. Diamond is reduced by 312,500 per month. On March 15,
2007 all shares with any remaining restrictions or possibility of forfeiture
will have all restrictions and possibility of forfeiture removed.

F.   Joseph E. Diamond agrees that shares subject to forfeiture shall not be
subject to sale by him, he can transfer them but only subject to the provision
that such shares cannot be sold or transferred by transferee while they are
subject to forfeiture. The Company will retain physical position of all stock
subject to forfeiture, but Joseph E. Diamond shall have all other rights
including the right to vote such shares while they are subject to forfeiture as
long as they have not been forfeited.

G.   Place of Work. At the present time, Diamond intends to work in the offices
of the Diamond Law Firm, but shall have the option of working out of his home
unless SCTN provides a suitable office for him. Should the Company decide to
relocate the Administrative Office outside of the San Fernando Valley, then his
principal office shall be his home, for which Company agrees to provide all
equipment and supplies deemed necessary by the Employee for the fulfillment of
his duties. Notwithstanding the foregoing, Employee agrees to travel, as the
Company deems necessary, to the Company's Administrative Center and any other
locations necessary for the fulfillment of his duties. The expenses associated
with such travel shall be reimbursed by the Company. The Company agrees:

         1.   To reimburse Employee for travel, lodging and associated expenses
              during the term of this Agreement;

         2.   In the event the company and employee elect to have the Employee
              relocate to a new location upon relocation of the Administrative
              Office, Company agrees to provide Employee a moving allowance not
              to exceed $20,000.


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                       Diamond Employment Agreement (Cont)
                       -----------------------------------

         H.   Benefits.
              ---------


         1.   Fringe Benefits. Diamond shall be entitled to and shall receive
              all benefits of employment generally available to other
              executives of the Employer, including, without limitation,
              participation in the following:

              a.   Group Health, Dental and Life Insurance. Diamond will be
                   eligible to participate in such group health, dental and
                   life insurance plans, which the Employer may keep in effect
                   during the Term, subject to the terms of any such plans. At
                   any time that the Employer does not have available Group
                   Health and Dental Insurance plans, during the Term and for
                   12 months thereafter, Employer shall pay any premiums
                   associated with the enrollment of the plan(s) of Employee's
                   choice.

              b.   Long Term Disability. Diamond will be eligible to
                   participate in such long term disability plans which the
                   Employer may keep in effect during the Term, and for 12
                   months thereafter, subject to the terms of any such plan.

              c.   Commuting and Relocation Expenses. Employer shall reimburse
                   Diamond for all reasonable business expenses including:
                   travel and lodging for commuting to the Company's Corporate
                   Office in Nevada and Operations Center located at Salt Lake
                   City, Utah, or anywhere to which either may be relocated.
                   The Company also agrees to pay the moving allowance to the
                   Corporate Office or new Operations Center Location (s) as
                   described in Section (G) above.

              d.   Business Expenses. The Employer shall pay the actual and
                   normal expenses incurred by Diamond for the benefit of the
                   Employer in performing his duties as Senior Administrative
                   Vice president of the Employer in accordance with the
                   Employer's expense reimbursement policy, as adopted from
                   time to time.

              e.   Vacation. Diamond shall be entitled to vacation benefits in
                   accordance with the employer's vacation policy, as currently
                   stated or as increased in the future, at the maximum level
                   of accrued and unused vacation benefits which Employer's
                   executives or employees are permitted to accrue in
                   accordance with the Employer's personnel policies.


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                       Diamond Employment Agreement (Cont)
                       -----------------------------------

              f.   Sick Leave/Personal Leave. Diamond shall be entitled to sick
                   leave and personal leave benefits in accordance with the
                   Employer's personnel policies, as adopted from time to time.

              g.   Accrual Year. Any of the benefits provided under this
                   Agreement or under Employer's personnel policies generally
                   which are accrued on a "per year" basis, are deemed to
                   accrue during each of Employer's fiscal years in accordance
                   with Employer's personnel policies applicable to its
                   employees generally. Any benefits accruing from the
                   Effective Date of hire through the end of the current fiscal
                   year will be prorated for such year.

         2.   Indemnity. Employer shall indemnify Diamond to the maximum extent
              permissible under law as an agent, Director, and Officer for acts
              taken by him during the Term on behalf of Employer provided such
              acts are taken in good faith and in what is in the best interest
              of Employer.

         3.   Directors' and Officers' Insurance. Employer agrees to obtain and
              maintain a policy of directors and officers insurance covering
              Employee's acts as a Director or Officer, as the case may be and
              as may be limited by the terms of any such insurance policy, in a
              face amount of no less than ONE MILLION DOLLARS ($1,000,000.00)
              when the company has the funds to pay for such coverage.

         4.   Registration of Securities. The Company agrees to forthwith
              register the securities underlying the Stock described in Section
              III above and any stock appreciation rights or plan interests
              (the "SAR"s), which may be deemed by the Securities and Exchange
              Commission (the "SEC") to require registration, in order for
              employee to be able to freely assign or trade the SAR's or the
              underlying securities.

         5.   Termination.
              ------------

              a.   Termination as a result of a change of control or for good
                   cause. This Agreement is terminable prior to the expiration
                   of the Term, in the manner and to the extent set forth in
                   this section 5.

              b.   Death, Disability or Resignation During Term. This Agreement
                   shall automatically terminate upon the death of Diamond or
                   Employee's voluntary resignation during the Term. The
                   Employer or Diamond may terminate this Agreement upon


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                       Diamond Employment Agreement (Cont)
                       -----------------------------------

                   reasonable determination of Employee's total disability. As
                   used herein, total disability means Employee's inability to
                   perform his normal and usual duties as Senior Vice President
                   for Administrative, Legal and Finance of the Employer due to
                   physical disability or mental illness for a period of ninety
                   (90) consecutive calendar days.

              c.   Termination for Cause. The Employer may terminate this
                   Agreement immediately, and except as otherwise set forth
                   below, without prior notice, for "Cause" which shall mean:

                        i.      Employee's excessive use of alcohol or illegal
                                drug abuse;

                        ii.     Any material dishonest act by Diamond relating
                                to the Employer's business;

                        iii.    Any intentional act by Diamond intended to be
                                materially detrimental to the business or
                                reputation of the Employer;

                        iv.     Employee's rendering any services to a firm or
                                entity which does business in a field
                                competitive with the business of Employer except
                                as may be expressly authorized in writing
                                pursuant by the Board, or

                        v.      Employee's substantial failure to perform the
                                material services contemplated by this
                                Agreement, it being understood and agreed that
                                the Employer must give Diamond written notice of
                                such failure by the Employer and not less than
                                sixty (60) days with in which to cure such
                                failure before invoking the provisions of this
                                subparagraph v. in terminating Employee.

              d.   Without Cause or from Change of Control. This clause cannot
                   be used as a basis for termination of Diamond if SCTN has
                   not funded a budget adequate to employ the personnel needed
                   to carry out the functions of the responsibilities delegated
                   to Diamond. The Employer may terminate this Agreement during
                   the Term without Cause upon giving sixty (60) days prior
                   written notice of such termination. Such notice is deemed to
                   be given in the event of change of control as described in
                   section 11 below.


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                       Diamond Employment Agreement (Cont)
                       -----------------------------------

         7.   Severance Pay. This paragraph does not become effective until the
              employer has one full quarter in which it records $300,000.00 in
              revenue. If Employee's employment terminates due to his death,
              disability or by Employer notice without cause as described in
              Section 6 above at any time prior to the Term, Employer will pay
              to Diamond or his legal designee(s), an amount equal to 25 % of
              his annual Base Salary ("Severance Pay") and will immediately pay
              all outstanding expenses and loans due to Diamond from the
              Company if there are sufficient funds to pay these items;
              otherwise, these expenses and loans will be paid out over a
              twelve (12) month period and will earn a fifteen (15%) rate of
              interest until fully paid.

         8.   No Severance Pay upon Resignation. It is expressly understood and
              agreed that Diamond (or his personal representative, as the case
              may be) shall not be entitled to any Severance Pay if he resigns
              during the Term, but will immediately be paid all outstanding
              expenses and loans due from the Company if sufficient funds are
              available to pay these items; otherwise, these outstanding
              expenses and loans will be paid out over a twelve (12) month
              period and will earn a fifteen (15%) percent rate of interest
              until fully paid.

         9.   Manner of Payment of Severance Pay. Any Severance Pay hereunder
              will be paid at such intervals and in the manner dictated by the
              Employer's normal pay practices but not to exceed 90 days after
              severance.

         10.  Notice of Termination. The Employer shall give Diamond notice of
              the termination of this Agreement pursuant to sub-section b, c, &
              d of this Section 5 and, except as otherwise provided herein, the
              termination of this Agreement shall be effective upon the giving
              of such notice. Company will immediately pay all outstanding
              expenses and loans due to Diamond from the Company.

         11.  Change of Control. As used in this section, the term "change of
              control" means and refers to:

              a.   Any merger, consolidation, or sale of the Company such that
                   any individual, entity or group (within the meaning of
                   section 13 (d) (3) or 14 (d) (2) of the Securities Exchange
                   Act of 1934, as amended (the "Exchange Act") acquires
                   beneficial ownership, within the meaning of Rule 13d-3 of
                   the Exchange Act, of 20 percent or more of the voting common
                   stock of the Company or its subsidiary


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                       Diamond Employment Agreement (Cont)
                       -----------------------------------

               b.   Any transaction in which the Company sells or transfers all
                    or substantially all of its assets; A dissolution of
                    liquidation of the Company; or

               d.   The Company becomes a non-publicly held company.

               e.   A "change of control" as used in this section does not
                    include a direct capital investment in the company.

               f.   At the option of Employee, this agreement will continue in
                    full effect with, and be binding upon, any successor
                    organization following a Change of Control.

IV.     Integration. This Agreement contains the entire agreement between the
        parties and supersedes all prior oral and written agreements,
        understandings, commitments and practices between the parties,
        including, without limitation, all prior employment agreements, whether
        or not fully performed before the date of this Agreement. No amendments
        or waivers to this Agreement may be enforced by either a court of law or
        an arbitrator unless such amendment or waiver is the subject of writing
        signed by both parties.

V.      Ambiguities . The general rule that ambiguities shall be construed
        against the drafter of the agreement shall not apply.

VI.     Strict Performance. Either party's failure to insist on the strict
        performance of any provision of this Agreement will not be construed as
        a waiver of the provision, which will continue in full force.

VII.    Arbitration. Any controversy or claim arising out of or relating to this
        agreement, or breach of this agreement, shall be settled by binding
        arbitration in accordance with the Commercial Arbitration Rules of the
        American Arbitration Association and judgment on the award rendered by
        the arbitrators may be entered in any court having jurisdiction. Within
        five (5) business days after a demand has been made to arbitrate a
        dispute, the parties will meet and attempt to agree on a single
        arbitrator. If the parties are unable to agree on a single arbitrator,
        then each party shall, before the expiration of such five (5) day
        period, designate an arbitrator. Within (30) additional business days
        thereafter the two arbitrators shall select a third arbitrator. If for
        any reason they cannot agree on a third arbitrator, they may apply to
        the Utah Superior Court for the name of a neutral party. The three
        arbitrators shall hear all the evidence, and a majority vote shall set
        the award of the arbitrators. Each party shall pay the fees of the
        arbitrator he or it selects and of his or its own attorneys, and the
        expenses of his or its witnesses and all other expenses connected with
        presenting his or its case. Other costs of the arbitration, including
        the cost of any record or transcripts of the arbitration, administrative


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                       Diamond Employment Agreement (Cont)
                       -----------------------------------

        fees, the fee of the third arbitrator, and all other fees and costs,
        shall be borne equally by the parties. Notwithstanding the foregoing,
        the arbitrators may award reasonable attorneys' fees and costs to the
        prevailing party in their award.

VIII.   Litigation. In the event legal action or arbitration is brought to
        enforce any of the provisions of this Agreement or for any breach
        thereof, reasonable attorneys' fees and costs shall be awarded to the
        prevailing party or parties in said action. All legal action is to take
        place in Salt Lake City, Utah..

IX.     Notices. Any notice given pursuant to this Agreement must be sent by
        United States Certified Mail (postage prepaid) and shall be deemed given
        on dates on which the envelope or envelopes containing such notices are
        deposited in the United States Mail. The Addresses of the parties to be
        used for the giving of notices shall be as set forth on the signature
        page of the Agreement. The parties hereto may change the addresses to
        which notices to them may be sent by giving written notice thereof in
        accordance with this paragraph.

X.      Severability of Provision. If any provision of this Agreement is invalid
        or illegal, the other provisions shall nevertheless remain in full force
        and affect.

XI.     Controlling Law. This Agreement is entered into in the State of Utah and
        shall be interpreted and controlled by the laws of the State of Utah,
        County of Salt Lake.

XII.    Successors. The Agreement shall be binding on and shall inure to the
        benefit of the parties to it and their respective successors and
        assigns. This employment contract supersedes any other out-standing Sctn
        Employment Contract between the two parties that may have been signed
        prior to this date for this same time period.

XIII.   Recap of Shares to be issued in the name of Therese M. Diamond, as her
        sole and separate property,:

        A.    One Million (1,000,000) shares as of March 15, 2004 due under a
              previous agreement;

        B.    Five hundred thousand (500,000) shares as of June 15, 2004 as a
              settlement for shares earned and convertible under previous
              agreements;

        C.    One Million five hundred thousand (1,500,000) shares as of April
              15, 2004 under this agreement;


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                     Diamond Employment Agreement (Cont)
                     -----------------------------------

        D.    One Million five hundred thousand (1,500,000) shares as of May
              15, 2004 under this agreement;

        E.    One Million five hundred thousand (1,500,000) shares as of June
              15, 2004 under this agreement;

        F.    One Million five hundred thousand (1,500,000) shares as of July
              15, 20004, and

        F.    Ten Million (10,000,000) shares, subject to forfeiture as
              explained above, as of August 1, 2004 under this agreement.

XIV.    Other Agreements:
        -----------------

        A.    Joseph E. Diamond agrees that he will have no right to have
              additional shares issued to him under this agreement, or any
              other agreements with the Employer until the term of this
              contract ends on March 15, 2007.

        B.    Diamond agrees that if the Company does not have sufficient
              working capital to pay salaries in full, the Board will
              determine when payments are made.

        C.    Diamond agrees there will be no conversion rights of salary or
              expenses to stock or options for the term of this agreement.

        D.    All stock will be issued per the effective date indicated in
              this agreement, but physical certificates representing that
              stock will not be printed and delivered until the shareholders
              meet and approve an increase to the limit of shares authorized.



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I HAVE READ THIS AGREEMENT IN ITS ENTIRETY, I UNDERSTAND ITS TERMS, AND AGREE TO
BE BOUND BY ALL OF ITS TERMS, INCLUDING THE PROVISION FOR BINDING ARBITRATION. I
ALSO UNDERSTAND I HAVE THE RIGHT TO HAVE THIS AGREEMENT REVIEWED BY INDEPENDENT
COUNSEL AS JOSEPH DIAMOND IS NOT INDEPENDENT AND DOES NOT REPRESENT SCTN ON THE
ISSUE OF THIS CONTRACT.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement on July 7,
2004.


       Employer:                                      Employee:
           SCTN                                       Joseph E. Diamond
           330 E. Warm Springs Rd.,                   16931 Citronia Street
           Las Vegas, NV 89119                        North Hills, CA 91343


      By:/s/ David J. Simon                       By:/s/ Joseph E. Diamond
         --------------------------                  ---------------------------
         David J. Simon                               Joseph E. Diamond
         Chairman and CEO of SCTN


      By:__________________________
         Bernard McHale, Director
         330 East Warm Springs Road,
         Las Vegas, NV 89119


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