(PRWEB) October 30, 2014
SALT Technology, Inc., (http://www.salt.com); providing the industry’s most complete, cloud-based mobile payments platform, today announced that it is has been granted additional patents (U.S. Patent No. 8,655,782) protecting its OneTouch technology in the U.S. and Canada.
“SALT is a pioneer in the development of mobile payments. With the launch of OneTouch in 2010, SALT was the first mobile payments company in the world to commercially utilize dual factor authentication of payment credentials” says Brian Bogosian, CEO of SALT. “Our focus around developing secure, frictionless payment experiences is what we believe will drive consumer trust and ultimately adoption of mobile payments.”
SALT simplifies the adoption and integration of cloud-based mobile payments via any payment type or mobile device. The U.S. Patent No. 8,655,782 covers the technology in SALT’s OneTouch mobile payment platform for authenticating users when transacting. When users payment credentials are stored, SALT uses a combination of device information and another factor of security to authenticate the user and transaction. The other factor of security could be one of Card Verification Code (CVC, CVV, CVC2 etc.), PIN, password, voice or biometric data.
Having additional factors of authentication reduces the amount of information input, from logins or insertion of payment credentials, protects consumers from making accidental purchases, and protects them should their mobile device become lost or stolen. Once a consumer has successfully transacted with a single merchant the credentials can be used across the full network of SALT merchants.
SALT will be at Money2020 November 2nd to 6th 2014 showcasing its technology for customers and partners.
About SALT Technology, Inc.
SALT Technology, Inc. is based in San Francisco, with offices in Toronto. SALT is redefining the user experience across any device or screen and delivering increased conversions for merchants and an easy and intuitive check out experience for consumers. SALTs platform is based on a highly secure, end-to-end PCI Compliant platform, with advanced fraud detection, developer friendly APIs, One Touch easy checkout, and secure token storage. SALT works with both large enterprise merchants that want more innovation to drive higher conversion, or a more cohesive check out experience across all channels; and to smaller e/m commerce merchants who want fast, easy and cost effective solutions.