Addressing the secure delivery, storage, presentment, and validation of any credential is a critical challenge in the digitization of the world's existing physical wallet components.
Cambridge, MA (PRWEB) January 18, 2016
Cortex MCP, developer of a next-generation technology platform for mobile wallets, today announced that it was been granted a patent by the United Stated Patent and Trademark Office (US Patent No. 9,251,531) for its groundbreaking OVER File™ solution.
The OVER File™ (Officially Verifiable Electronic Representation) platform platform is a new secure ID/Credential Storage and Verification platform that allows for the digital deployment of any and all credentials. The platform further provides the fundamental security, control, and validation mechanisms demanded from an issuing agency, authority, or merchant.
"We are pleased to have received this new patent from the USPTO, as further validation of the solutions we are delivering for our clients," commented Shaunt M. Sarkissian, Present and CEO and Cortex MCP. "Addressing the secure delivery, storage, presentment, and validation of any credential is a critical challenge in the digitization of the world's existing physical wallet components. We all want to responsibly 'leave the leather at home', knowing all of our credentials - from Driver Licenses to Insurance Cards - are part of our Mobile Wallet experience. And further, those who issue vital digital credentials need the assurance and platform capabilities required, while still ensuring they can be simply utilized and verified by all. We look forward to continuing to contribute to accelerate the evolution of our industry to fully comprehensive mobile wallet solutions."
Cortex MCP has developed a mobile payment, loyalty and wallet platform that unlocks the potential of the rapidly evolving mobile commerce market. Founded by a team of experienced mobile commerce leaders, Cortex MCP is breaking new ground with a platform that addresses the obstacles that have hampered the adoption of existing digital wallet technologies. Cortex MCP’s IP-protected platform can be adopted and accelerated by all – across any device with inherent consumer security and control – making digital wallets a reality for more consumers without disrupting the merchant's existing POS infrastructure. For more information, please visit http://www.cortexmcp.com.