August 22, 2011, 1:01 PM

CardinalCommerce Receives Patent Related to E-Commerce

The patent, entitled Universal Merchant Platform for Payment Authentication, was filed to protect the Company's technology related to the unique way in which it allows merchants, payments processors and other parties to enable the acceptance of multiple payment brands easing implementation.

Mentor, OH - August 2, 2011 -    CardinalCommerce, the world-leading enabler of payment brands, today announced that the Australian Patent office has issued patent number 2003243523, pertaining to the facilitation of multiple authenticated payment brand acceptance through a simple, easy-to-use interface.

The patent, entitled Universal Merchant Platform for Payment Authentication, was filed to protect the Company's technology related to the unique way in which it allows merchants, payments processors and other parties to enable the acceptance of multiple payment brands easing implementation.   This essentially extends the Company's US Universal Merchant Platforms patents 7,051,002and 7,693,783 to Australia, with other international patents pending. Gateways, processors, shopping cart and middleware providers, merchant aggregators, mobile shopping providers and various digital fulfillment enterprises would find the technology taught in these patents to be the best and most efficient way to enable payment brands, methods and wallets that use authentication. This technology is especially suited for internet, mobile and other remote transactions.

"Cardinal's intellectual property portfolio, and particularly its patent holdings related to the Company's core technology, continues to be strengthened by the recent patent grant by the Australian Patent Office.", says Michael A. Keresman, III, President and CEO of CardinalCommerce. "We are excited about the technology we are bringing to the market and look forward to expanding our product offerings and, most importantly, delivering the best service to satisfy our Customers."   

"We imagine that there are probably several international providers that are delivering such a service and we encourage those suppliers to contact us so that an appropriate licensing or service agreement can be established. Cardinal's goal is to deliver world-class service and technology while providing the appropriate intellectual property for its Customers", said Chris Brown, the Company's Chief Financial Office.

Cardinal's IP portfolio includes eight United States, three European, one Australian and three South African patents:

 

US Patents:

 

US 7,051,002  B2

 

Universal Merchant Platform for Payment Authentication

     

US 7,140,036 B2

 

Centralized Identity Authentication for Electronic Communications Network

     

US 7,606,771 B2

 

Dynamic Number Authentication for Credit/Debit Cards

     

US 7,624,039 B2

 

Affinity Shopping Portal

     

US 7,693,783 B2

 

Universal Merchant Platform for Payment Authentication

     

US 7,742,967 B2

 

Secure & Efficient Payment Processing System

     

US 7,797,731 B2

 

Centralized Identity Authentication for Electronic Communications Networks

     

US 7,877,296 B2

 

Method and/or System for Extending Payment System Architectures and/or Legacy Order Processing Systems to Mobile Commerce Applications via Text Messaging

 

European Patents:

 

EP 1 221 146 B1   (United Kingdom)

 

Secure & Efficient Payment Processing System

     

EP 1 221 146 B1   (Switzerland)

 

Secure & Efficient Payment Processing System

     

DE 600 15 587.0-08  (Germany)

 

Secure & Efficient Payment Processing System

 

Australian Patents:

 

2003243523

 

Universal Merchant Platform for Payment Authentication

     

South African Patents:

 

2005/0269

 

Universal Merchant Platform for Payment Authentication

     

2007/07072

 

System and Method for Conversion Between Internet and Non-Internet Based Transactions

     

2008/1212

 

Method and/or System for Extending Payment System Architectures and/or Legacy Order Processing Systems to Mobile Commerce Applications via Text Messaging

 

 
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