|Source: CardinalCommerce Corporation|
Latest Patent Addition Strengthens Expanding Intellectual Property Portfolio
MENTOR, Ohio, Feb. 10, 2011 (GLOBE NEWSWIRE) -- CardinalCommerce, the world-leading enabler of payment brands, today announced that the US Patent and Trademark Office (USPTO) issued patent number US 7,877,296 B2, which teaches a system including the extension of authenticated mcommerce to alternative communication channels, including "Text to Buy" applications among others.
The patent, entitled Method and/or System for Extending Payment System Architectures and/or Legacy Order Processing Systems to Mobile Commerce Applications via Text Messaging, was filed to protect technology including that which is designed to ensure secure transactions using authentication for wireless networks. This technology allows consumers to initiate and conduct commercial transactions for a wireless device. The patent application dates back to July 2005.
"This patent, in conjunction with Cardinal's other intellectual property, expands protections of the Company's technology for wireless applications – a market in which authentication is becoming increasingly important, as so many users of mobile phones, smartphones and other wireless devices now use these phones to make purchases, pay bills and conduct other transactions," says Michael A. Keresman, III, President and CEO of CardinalCommerce. "Cardinal is committed to enabling the parties to a transaction, including the customer and the merchant, to conduct authenticated transactions with ease and with the greatest amount of flexibility. We look forward to enabling customers and merchants to continue to safely and securely grow the mobile marketplace. Organizations that use or enable commerce that relies on SMS or text messaging are invited to contact Cardinal for licensing opportunities."
Cardinal's IP portfolio includes eight United States, three European, and three South African patents:
CardinalCommerce Corporation is the global leader in enabling authenticated payments, secure transactions, and alternative payment brands for both eCommerce and mobile commerce.
The Cardinal Centinel® software platform enables payment brands, such as Verified by Visa, MasterCard® SecureCode™, Amazon Payments™, Bill2Phone™, Bill Me Later®, ClickandBuy®, Cred-Ex®, Ebates™, eBillme™, eLayaway™, Google™ Checkout, Green Dot® MoneyPak®, Mazooma™, Moneybookers, MyECheck, NACHA® Secure Vault Payments (SVP), NYCE® SafeDebit™, OneTouch Online Purchasing™, Paymate, PayPal™, paysafecard, RevolutionCard™, Rialto PaySM, SafetyPay™, TeleCheck®, and Ukash™ , to a network of thousands of merchants and merchant service providers.
Cardinal's mobile commerce platform, Cardinal MAX™, makes it simple for retailers to sell and market products through the mobile channel. Cardinal's proprietary and easily deployable technology provides consumers, merchants, credit/debit card issuers, and processors the ability to conduct authenticated Internet, wireless and mobile transactions safely and securely.
Headquartered in Cleveland, Ohio, with facilities in the United States, Europe, and Africa, Cardinal services a worldwide Customer base. For more information, visit www.cardinalcommerce.com
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CONTACT: Media contact: Christopher G. Brown Chief Financial Officer CardinalCommerce Corporation 877.352.8444 email@example.com