New York, April 7, 2014 (GLOBE NEWSWIRE) -- (http://www.myprgenie.com) -- ICAP Patent Brokerage announces for sale a premier patent covering NFC mobile payments from Blaze Mobile, Inc.
The successful acquirer will benefit from the rapid growth of NFC and consumer and business adoption.
"The use of NFC payments is projected to rapidly increase in the coming year. We are excited to be offering for sale this important portfolio for companies providing NFC mobile payments now or in the future," says Dean Becker, CEO of ICAP Patent Brokerage.
"It's time to bring this technology to the broader market, and we believe that by making our intellectual property available to a major player in the mobile payments, we can accelerate that outcome while providing a significant competitive advantage to the new owner," says Michelle Fisher, CEO of Blaze Mobile, Inc.
Key Characteristics & Benefits
With an early priority date of 2007, the disclosed patent broadly covers secure mobile payments, using Near Field Communications (NFC) technology to link mobile communications devices with contactless payment systems. The patent enables users to conduct payment transactions at a retail merchant POS, access banking services, and store payment or banking information. Importantly, the invention integrates a range of security features to guard against the risks inherent in data transmissions between mobile communications devices and a management server. In several key embodiments, sensitive or confidential information is securely stored on a remote server using PCI guidelines rather than on the mobile device itself, ensuring that such data will never be compromised due to theft or loss of the device. It further employs unique WalletIDs, SiteKeys, user-defined PINs, and tokens to specify access and privileges for different services and prevent fraudulent or accidental purchases. Additional features allow users to remotely lock or disable the device in real time, or shut down payment applications after a designated period of inactivity.
See the technical description of the NFC mobile payment IP sales offering.
More information can be gained at www.blazemobile.com.
To learn more about the assets available for sale in this portfolio:
Contact Paul Greco of ICAP Patent Brokerage at (212) 815-6692 or via email at Paul@icapip.com.
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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, brands, trademarks, and other intellectual property assets as well as licenses. With multiple transaction platforms and unparalleled industry knowledge and experience, ICAP Patent Brokerage is the market leader in the transaction of intellectual property.