This is an advanced payments technology, which conveniently and securely consolidates and replaces multiple credit cards. It is a valuable portfolio to companies involved in mobile payments and point of sale equipment.
New York, NY (PRWEB) June 02, 2015
ICAP Patent Brokerage announces for sale patents disclosing a multi-purpose, multi-card reader with storage, display, and transmission capabilities, available from inventor Adrian Gluck, PhD. This portfolio is offered as part of the Internet of Things IP Auction, with a bidding deadline of July 30th, 2015.
“This is an advanced payments technology, which conveniently and securely consolidates and replaces multiple credit cards. It is a valuable portfolio to companies involved in mobile payments and point of sale equipment,” says Dean Becker, CEO of ICAP Patent Brokerage.
Key Characteristics & Benefits
This portfolio discloses a multi-purpose credit card device for reading and storing card data. The data is then used to emulate a credit card and a transmission is sent via near field communication (“NFC”) – e.g., RFID, Bluetooth, etc. – or by direct connection to a mobile device, to complete a payment transaction. The device is also capable of directly reading card data to receive charges through a merchant account.
The card reader allows a user to insert a credit card and a magnetic strip reader reads the magnetic data stored on the credit card. Further, the housing of the reader is constructed of shielding material, whereby a card received and stored within the housing cannot be read by unauthorized devices.
The card reader apparatus may be used to read and store data for multiple credit cards, and allows users to select data corresponding to one of those credit cards before making a payment transaction by way of an NFC or direct-connection transmission. After a transaction is completed, the credit account corresponding to the selected credit card data is charged, just as if the credit card itself had been used for the transaction.
A user can selectively control the card reader’s reading, storing, or broadcasting credit card data. A display on the card reader provides information to a user regarding the stored credit card data and any credit transaction performed. For example, the display can show information such as which set of card data a user has selected, a card name corresponding to the selected card dataset, and the amount of money in a credit transaction. The display can show other information, including recent transactions, card information, or other data stored in memory.
See the technical description of the multi-purpose credit card reader IP sales offering.
To learn more about the intellectual property available for sale in this portfolio:
Contact Michelle Tyler of ICAP Patent Brokerage at (650) 741-4117 or via email at email@example.com.
If you have a patent portfolio for sale, visit our website to make a patent portfolio submission for an upcoming sealed bid event.
About ICAP Patent Brokerage
ICAP Patent Brokerage is the world's largest intellectual property brokerage and patent auction firm, leveraging the talents of experienced patent brokers to match buyers and sellers for the sale of patents and other intellectual property assets. With multiple transaction platforms and unparalleled industry knowledge, including experience with trademarks, brands, intellectual property licensing, and UCC sales, ICAP Patent Brokerage is the global leader in the transaction of intellectual property.