This technology directly aligns with consumer expectations of the mobile payment process at the point of sale. from 2000, this is fundamental IP for mobile manufacturers and payment providers.
New York, NY (PRWEB) November 20, 2014
ICAP Patent Brokerage announces for sale patents disclosing cost effective techniques for payment transactions at the point of sale, initiated by a mobile device via radio (NFC) or optical (QR), available from Blue Pay. This portfolio is offered as part of the Financial Auction Series, with a bidding deadline of December 4th, 2014.
“This technology directly aligns with consumer expectations of the mobile payment process at the point of sale,” says Dean Becker, CEO of ICAP Patent Brokerage. “With most priority dates from 2000, this is fundamental IP for mobile manufacturers and payment providers.”
Key Characteristics & Benefits
The portfolio discloses a system which facilitates smooth, secure, and cost effective payment transactions between a customer and a vendor using mobile telephones. It covers all radio wave communication, including but not limited to Near Field Communication (NFC) as well as optical scanning, such as QR codes. The system comprises a mobile communication unit (i.e., mobile telephone or similar), a payment terminal/cashier, and an operator system (i.e. Credit Card Provider), which are interconnected over a network, enabling communications amongst them.
Technologies such as Google Wallet and Apple Pay are creating global demand for point of sale payments via mobile device. Global mobile transaction volume is expected to average 35% annual growth, with a market worth of $721 billion and more than 450 million users by 2017.
This portfolio has extensive international coverage across Europe and Asia and should be of interest to entities involved in mobile device manufacturing, payment services, banking, retail (including eCommerce), and wireless telecommunications.
See the technical description of the mobile payments 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 michelle(at)icapip(dot)com.
If you would like to sell or auction a patent portfolio, 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.