New York, Jan. 28, 2014 (GLOBE NEWSWIRE) -- (http://www.myprgenie.com) -- ICAP Patent Brokerage announces for sale a patent portfolio disclosing money cards or refillable cards for electronic transactions from inventor Patricia Phelan. This IP package is available via sealed bid with a bidding deadline of March 27, 2014. Bids for this lot will be accepted starting March 25 through March 27.

"This patented portfolio provides a convenient, easy to use money card system that is not linked with a bank account. These assets should be of interest to companies providing financial services such as credit or debit cards," says Dean Becker, CEO of ICAP Patent Brokerage.

Key Characteristics & Benefits

This portfolio discloses improved money or value cards for commencing electronic transactions. This patented system is interchangeable with cash, is usable by individuals having low incomes, and is available in many currencies. The disclosed cards have pre-paid or pre-filled monetary value, and are not linked with a bank account or credit history making them much safer than typical credit or debit cards. Additionally, this money card system improves security by requiring users to provide proper authentication information in the form of a personal identification number or code, fingerprint, or other biometric information in order to complete the secure transaction.

These cards can be purchased from any vending units, such as ATMs, in return of cash value, and can be used as a new medium of exchange for online and onsite purchases.   

See this technical description of the payment card IP sales offering.

To learn more about the assets available for sale in this portfolio or to place a bid:

Contact Paul Greco of ICAP Patent Brokerage at (212) 815-6692 or via email at Paul.Greco@us.icap.com.

Visit our website to make a patent submission for an upcoming sealed bid event.

Follow us on Twitter (@ICAP_Auction_IP) and join our LinkedIn group.

About ICAP Patent Brokerage

ICAP Patent Brokerage is a division of ICAP plc and the world's largest intellectual property brokerage and patent auction firm.

About ICAP

ICAP is a leading markets operator and provider of post trade risk mitigation and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through its post trade risk mitigation and information services ICAP helps customers manage and mitigate risks in their portfolios. For more information, go to www.icap.com.