Bellevue, WA (PRWEB) November 27, 2013
Finsphere Corporation, a leading provider of identity authentication analytics, announced today the issuance of US Patent Number 8,588,748 by the United States Patent and Trademark Office (USPTO) for system and method for mobile identity protection of a user of multiple computer applications, networks or devices.
Bolstering Finsphere’s founding vision; patent no. 8,588,748 fortifies the company’s market-leading position to utilize mobile app-based and network-based mobile device geo-location data and other mobile attributes to improve the customer experience for all types of financial and non-financial transactions.
"We are very excited today, as this patent is the third Finsphere has been awarded this year and brings our worldwide patent portfolio to eight in total, with many more in the pipeline," said Michael Buhrmann, CEO of Finsphere. "Authenticating whether the person making a transaction is the correct individual is becoming progressively more critical for revenue generation and customer retention, as well as to protect privacy, security, and assets of both the user and provider companies.”
Finsphere was founded on the simple yet powerful vision that a mobile phone, acting as a proxy for an individual's identity, can be used to authenticate risk-based events such as financial transactions, online login attempts, physical access, and more. Patent no. 8,588,748 represents an important part of Finsphere’s growing intellectual property portfolio. Earlier in 2013, Finsphere was issued US Patent 8,374,634 and Mexico Patent 308720.
About Finsphere Corporation
Based in Bellevue, Washington, Finsphere was founded in 2007 to enable wireless carriers and enterprises to help protect their customers through identity authentication services. Finsphere utilizes sophisticated analytic platforms and applications, protected by US and international patents, for non-intrusive, privacy enhancing services to authenticate transactions across all industry segments. Finsphere is a privately held corporation whose major investors include Mohr Davidow, Shasta Ventures, Frazier Technology Ventures, and Vodafone Ventures. For more information, visit http://www.finsphere.com.