Exhibit 10.1

                              EMPLOYMENT AGREEMENT

I.   This agreement is executed this 1st day of July, 2005 and made effective as
     of May 17, 2005 ("Effective Date"), between Schimatic Cash Transactions
     Network.com, Inc., a Florida corporation ("Employer" or "Company" or
     "SCTN"), dba Smart Chip Technologies, and Verlo Howell ("Howell" or
     "Employee") and (collectively the "Parties").

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 Administrative Office ("Corporate Office") is
          located at 330 E. Warm Springs Rd., Las Vegas, NV 89119.

     C.   It is anticipated that Howell will play a key role in the
          administrative, financial and marketing areas of the company because
          of his knowledge, experience and achievement in previous companies
          similar in nature.

     D.   Company desires to employ Howell in this capacity, and is therefore
          entering this Employment Agreement for Howell to serve as Executive
          Vice-President reporting to the CEO, with full responsibility for all
          areas of Finance, Administration, Sales, Marketing and Business
          Development.

     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 Howell by the Employer and other good
     and valuable consideration, the parties hereto agree as follows:

     A.   Employment. The Employer agrees to employ Howell in the capacity as
          described above and as a Director on the Board of Directors on the
          terms set forth herein. Howell accepts such employment and agrees to
          work full time and use his best efforts in performing services for the
          Employer.

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                       Howell Employment Agreement (Cont.)
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     B.   Inventions. Employee shall promptly disclose to the company any and
          all inventions, discoveries, developments, improvements, machines,
          appliances, processes, software, firmware, products, or the like
          whether patentable or not, which are related to the Company's business
          (all of which are referred to herein as "inventions") which Employee
          may invent, conceive, produce, or reduce to practice, either solely or
          jointly with others, at any time (whether or not during working hours)
          during the period of employment. All such inventions which in any way
          relate to the goods, materials, or services developed, produced, used
          or sold by the Company or any of it's subsidiaries shall at all times
          and for all purposes be regarded as acquired and held by Employee in a
          fiduciary capacity for, and solely for the benefit of the Company. No
          termination of employment or of this agreement shall release Employee
          or the Employee's heirs or legal representatives from the foregoing
          obligations as to such inventions.

     C.   Terms & Salary. Employee's current salary will be two hundred twenty
          five thousand dollars ($225,000) per year, subject to partial
          deferment as described below. Employee will be given regular reviews
          and, subject to employee's continued performance of duties, employee
          will be given raises, bonuses, and additional compensation, if
          recommended or warranted, as approved by the company's Board of
          Directors, in addition to any other compensation already due. Except
          as provided herein, the term of this Agreement shall be for a period
          of three (3) years commencing on the Effective Date, and will
          automatically renew for two (2) one (1) year periods unless notified
          in writing by the employer within sixty (60) days prior to the
          employee contract expiration date that his services are no longer
          required.

     D.   Full and the Partial Salary Deferment. For the first six months of
          Howell's Employment Contract, Howell agrees to defer 100% of his
          salary unless during such time the Company has received sufficient
          funding, or begins to receive revenues, adequate to support its
          on-going operation. For the next six months of Howell's Employment
          Contract, Howell agrees to defer 80% of his salary unless during such
          time the Company has received sufficient funding, or begins to receive
          revenues, adequate to support its on-going operation. After 12 months,
          for a period of up to 12 months unless otherwise agreed to by Howell
          in writing to continue deferment of salary until the end of the
          Employment Agreement or unless during such time the Company has
          received sufficient funding, or begins to receive revenues, adequate

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                       Howell Employment Agreement (Cont.)
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          to support its on-going operation, Howell agrees to defer 60% of his
          salary. At any point in time, any and all deferred salary may be
          converted to Company 144 stock at the rate of five cents ($.05) per
          share, at Howell's option. Howell will be granted one million
          (1,000,000) shares of stock as a signing bonus, and will earn an
          additional two million (2,000,000) shares on the anniversary of this
          Agreement for each of the next three (3) years.

     E.   Place of Work. At the present time, the Company intends to maintain
          its Product Development and back office operations in Toronto, Canada,
          Operations Office in Sandy, Utah, and its Administrative Office at 330
          East Warm Springs Road. Employee's principal place of business shall
          be his home office. Notwithstanding the foregoing, Employee agrees to
          travel, as deemed necessary, to the Company's Product Development,
          Operations or Administrative Office 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 to
          reimburse Employee for all approved travel, lodging and associated
          expenses during the term of this Agreement:

     F.   Benefits.

          1.   Fringe Benefits. Howell 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 as cash flow dictates:

               a.   Group Health, Dental and Life Insurance. Howell 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.

               b.   Long Term Disability. Howell 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.   Travel Expenses. Employer shall reimburse Howell for all
                    reasonable business travel expenses including:
                    transportation and lodging for commuting to the Company's

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                       Howell Employment Agreement (Cont.)
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                    Product Development Office in Canada, Operations Office in
                    Utah, Administrative Office in Nevada or anywhere to which
                    they may be relocated and travel to Customer locations.

               d.   Business Expenses. The Employer shall pay the actual and
                    normal expenses incurred by Howell for the benefit of the
                    Employer in performing his duties as described above in
                    accordance with the Employer's expense reimbursement policy,
                    as adopted from time to time. At the option of Employee, any
                    portion of any expenses due to Employee remaining unpaid
                    after thirty (30) days from when it was submitted for
                    reimbursement, may be converted to stock as follows: the
                    number of 144 restricted shares will be calculated at 5
                    cents ($.05) per share, divided into the amount due.

               e.   Vacation. Howell 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.

               f.   Sick Leave/Personal Leave. Howell 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 Howell 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.

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                       Howell Employment Agreement (Cont.)
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          3.   Directors' and Officers' Insurance. Employer agrees to obtain and
               maintain, as soon as it is financially feasible, 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).

          4.   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 4.

               b.   Death, Disability or Resignation During Term. This Agreement
                    shall automatically terminate upon the death of Employee or
                    Employee's voluntary resignation during the Term. The
                    Employer or Employee may terminate this Agreement upon
                    reasonable determination of Employee's total disability. As
                    used herein, total disability means Employee's inability to
                    perform his normal and usual duties as described herein, due
                    to physical disability or physical 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 Howell relating to the
                         Employer's business;

                    iii. Any intentional act by Howell that would 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

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                       Howell Employment Agreement (Cont.)
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                    v.   Employee's substantial failure to perform the material
                         services contemplated by this Agreement, it being
                         understood and agreed that the Employer must give
                         Howell notice of such failure by the Employer and not
                         less than one hundred eighty (180) days with in which
                         to cure such failure before invoking the provisions of
                         this subparagraph v. in terminating Employee.

               d.   Without Cause. The Employer may terminate this Agreement
                    during the Term without Cause upon giving one hundred eighty
                    (180) days prior written notice of such termination.

          5.   Severance Pay. If Employee's employment terminates due to his
               death, disability or by Employer notice without cause as
               described in Section 4 above at any time prior to the Term,
               Employer will pay to Howell or his legal designee(s), an amount
               equal to his annual Base Salary ("Severance Pay and will
               immediately pay all outstanding expenses and loans due to Howell
               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 percent (15%)
               annual rate of interest until fully paid.

          6.   No Severance Pay upon Resignation. It is expressly understood and
               agreed that Howell (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 percent (15%) annual rate of
               interest until fully paid. At the option of Employee, all or any
               portion of these expenses or loans may be converted to stock as
               follows: the number of 144 restricted shares will be calculated
               at 5 cents ($.05) per share, divided into the amount due.

          7.   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.

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                       Howell Employment Agreement (Cont.)
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          8.   Notice of Termination. The Employer shall give Howell notice of
               the termination of this Agreement pursuant to sub-section b-d of
               Section 4 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 Howell from the Company, as described
               above.

          9.   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

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

               c.   A dissolution or 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 or a
                    conversion of outstanding debt.

               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 to this
     Agreement may be made except by a writing signed by both parties.

V.   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


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                       Howell Employment Agreement (Cont.)
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     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 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.

VI.  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 or such other city where the Employee maintains residence.

VII. 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.

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

IX.  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 or
     such other state where Employee maintains residence, at the option of
     Employee.

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                       Howell Employment Agreement (Cont.)
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X.   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 supercedes any other outstanding Agreement between
     the two parties that may have been executed prior to this date.


IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
July 1st, 2005.


     Employer:   SCTN                         Employee:   Verlo Howell

      330 E. Warm Springs Rd,                  500 Spring Creek Road
      Las Vegas, NV 89119,                     Providence, Utah 84332


     By:/s/ David J. Simon                    By:/s/ Verlo Howell
        ------------------------------           ------------------------------
        David J. Simon, Chairman /CEO         Verlo Howell, Executive
                                              Vice-President




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