MENTOR, Ohio, Aug. 16, 2011 (GLOBE NEWSWIRE) -- CardinalCommerce, the world-leading enabler of payment brands, today announced that United States Patent and Trademark office has issued patent number US 7,992,007 B2, pertaining to the use of dynamic PIN entry-based technology for the authentication of electronic transactions.
The patent, entitled Dynamic PIN Pad for Credit/Debit/Other Electronic Transactions, pertains to the Company's technology related to a unique solution for allowing holders of credit/debit vehicles or various other types of credentialed accounts to securely access their private information and conduct electronic transactions. The technology protected by this patent supplements Cardinal's core product offerings, including its Universal PIN Debit Service™ software platform, and affords consumers and credit/debit card issuers, in addition to others, security and peace of mind that electronic transactions are being conducted only by the parties that are authorized to do so.
"With the ever increasing amount of sensitive information being accessed online via computer, smartphone and tablet-style mobile devices and shared via social media channels, authentication is more important than ever," says Michael A. Keresman, III, President and CEO of CardinalCommerce. "Cardinal's technology can be implemented in any of these scenarios to give the individual accessing the information, as well as the entity granting access, a level of security and comfort using a familiar authentication interface, such as a PIN Pad or keyboard. This software-only approach is a safer and better way to enter PINs, passwords and credit or debit card numbers for online banking, transaction processing, and/or accessing social or personal information. We see this innovative technology as market advancement, and are pleased that the United States Patent and Trademark Office has recognized the novelty of Cardinal's approach."
Cardinal's IP portfolio includes nine 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 Networks |
| 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 |
| US 7,992,007 B2 Dynamic PIN Pad for Credit/Debit/Other Electronic Transactions |
| 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 |
About CardinalCommerce
CardinalCommerce Corporation is the global leader in enabling authenticated payments, secure transactions, and alternative payment brands for both eCommerce and mobile commerce.
The Cardinal Centinel® software platform enables payment brands, such as Verified by Visa, MasterCard® SecureCode™, Amazon Payments™, Bill2Phone™, Bill Me Later®, ClickandBuy®, Cred-Ex®, Ebates™, eBillme™, eLayaway™, Google™ Checkout, Green Dot® MoneyPak®, Mazooma™, Moneybookers, MyECheck, NACHA® Secure Vault Payments (SVP), NYCE® SafeDebit™, OneTouch Online Purchasing™, Paymate, PayPal™, paysafecard, RevolutionCard™, Rialto PaySM, SafetyPay™, TeleCheck®, and Ukash™ , to a network of thousands of merchants and merchant service providers.
Cardinal's mobile commerce platform, Cardinal MAX™, makes it simple for retailers to sell and market products through the mobile channel. Cardinal's proprietary and easily deployable technology provides consumers, merchants, credit/debit card issuers, and processors the ability to conduct authenticated Internet, wireless and mobile transactions safely and securely.
Cardinal's 2IDENTIFITM Platform enables a Financial Institution to authenticate its customers, for eCommerce transactions using Verified by Visa or MasterCard SecureCode, or for secure access to online banking applications. The complimentary 2IDmobileTM service enables a customer's mobile phone to become a token, creating a strong dynamic one-time use number for authentication, or can deliver the dynamic one-time number.
Headquartered in Cleveland, Ohio, with facilities in the United States, Europe, and Africa, Cardinal services a worldwide Customer base. For more information, visit www.cardinalcommerce.com
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