This portfolio is the missing link in today’s mobile, internet-everywhere environment. Trusted payments need to be formed anywhere, quickly, and are not well-suited to conventional security.
New York (PRWEB) August 27, 2014
ICAP Patent Brokerage announces for sale patents enabling the expedition of electronic funds transfer, anonymously, by means of “unique identifiers” and tokens linked to a central directory. This IP package is available from Payment Pathways, Inc, as part of the Live Financial Auction Series, with a bidding deadline of October 23rd, 2014.
“This portfolio is the missing link in today’s mobile, internet-everywhere environment. Trusted payments need to be formed anywhere, quickly, and are not well-suited to conventional security,” says Doug Rhoten, Chairman of ICAP Patent Brokerage.
Key Characteristics & Benefits
This technology provides the user with a way to locate a virtual listing for payment addresses just as the “white pages” found phone numbers and physical addresses. Unlike current payment mechanisms – such as PayPal – it allows people and businesses to pay directly from their bank accounts without having to stage money somewhere else first. This can be used to expedite electronic funds transfer in a manner that eliminates the need for encryption, creating privacy for all parties via unique identifiers, or tokens, which are registered in network synchronized directories. These directories make public the registered identifiers, which, as a result of embedded regulations, ensure and certify transmission of data between transaction participants.
The assets provide for secure and pseudonymous electronic transfer of informational and monetary assets throughout all stages of a transaction, controlling transfer of the ownership of said assets in a) accordance with permissions and preferences of the participants to a transaction; and b) compliant with regulatory rules and considerations.
Co-authored by Dr. Franco Modigliani (1918–2003), winner of the Nobel Prize for Economics, this portfolio has the potential to transform the payments industry and become the new standard for electronic funds transfer.
Forward citing companies include MasterCard International Incorporated, JPMorgan Chase Bank NA, U.S. Bank NA, Island Intellectual Property, LLC, and Early Warning Services, LLC.
See the technical description of the secure, authenticated electronic funds transfer IP sales offering.
To learn more about the intellectual property available for sale in these portfolios or to place a bid:
Contact Doug Rhoten of ICAP Patent Brokerage at (201) 788-8898 or via email at doug(at)icapip(dot)com.
If you have a patent for sale, visit our website to make a patent 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.