Tuesday, August 2, 2011

CardinalCommerce Corporation Receives Seventh International Patent, Bolstered by Australian Patent Office


Source: CardinalCommerce Corporation

Latest Patent Addition Further Solidifies Position as Industry Leader in Authenticated Payments Enablement

MENTOR, Ohio, Aug. 2, 2011 (GLOBE NEWSWIRE) -- CardinalCommerce, the world-leading enabler of payment brands, today announced that the Australian Patent office has issued patent number 2003243523, pertaining to the facilitation of multiple authenticated payment brand acceptance through a simple, easy-to-use interface.

The patent, entitled Universal Merchant Platform for Payment Authentication, was filed to protect the Company's technology related to the unique way in which it allows merchants, payments processors and other parties to enable the acceptance of multiple payment brands easing implementation. This essentially extends the Company's US Universal Merchant Platforms patents 7,051,002 and 7,693,783 to Australia, with other international patents pending. Gateways, processors, shopping cart and middleware providers, merchant aggregators, mobile shopping providers and various digital fulfillment enterprises would find the technology taught in these patents to be the best and most efficient way to enable payment brands, methods and wallets that use authentication. This technology is especially suited for internet, mobile and other remote transactions.

"Cardinal's intellectual property portfolio, and particularly its patent holdings related to the Company's core technology, continues to be strengthened by the recent patent grant by the Australian Patent Office," says Michael A. Keresman, III, President and CEO of CardinalCommerce. "We are excited about the technology we are bringing to the market and look forward to expanding our product offerings and, most importantly, delivering the best service to satisfy our Customers."

"We imagine that there are probably several international providers that are delivering such a service and we encourage those suppliers to contact us so that an appropriate licensing or service agreement can be established. Cardinal's goal is to deliver world-class service and technology while providing the appropriate intellectual property for its Customers," said Chris Brown, the Company's Chief Financial Officer.

Cardinal's IP portfolio includes eight United States, three European, one Australian and three South African patents:
US Patents: 
 
US 7,051,002 B2 Universal Merchant Platform for Payment Authentication
US 7,140,036 B2 Centralized Identity Authentication for Electronic Communications Networks
US 7,606,771 B2 Dynamic Number Authentication for Credit/Debit Cards
US 7,624,039 B2 Affinity Shopping Portal 
US 7,693,783 B2 Universal Merchant Platform for Payment Authentication
US 7,742,967 B2 Secure & Efficient Payment Processing System
US 7,797,731 B2 Centralized Identity Authentication for Electronic Communications Networks
US 7,877,296 B2 Method and/or System for Extending Payment System Architectures and/or Legacy Order 
                Processing Systems to Mobile Commerce Applications via Text Messaging
 
European Patents:
 
EP 1 221 146 B1 (United Kingdom) Secure & Efficient Payment Processing System
EP 1 221 146 B1 (Switzerland) Secure & Efficient Payment Processing System
DE 600 15 587.0-08 (Germany) Secure & Efficient Payment Processing System
 
Australian Patents:
 
2003243523 Universal Merchant Platform for Payment Authentication
 
South African Patents:
 
2005/0269 Universal Merchant Platform for Payment Authentication 
2007/07072 System and Method for Conversion Between Internet and Non-Internet Based Transactions
2008/1212 Method and/or System for Extending Payment System Architectures and/or Legacy Order 
           Processing Systems to Mobile Commerce Applications via Text Messaging

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