MENTOR, Ohio, June 29, 2010 (GLOBE NEWSWIRE) -- CardinalCommerce, the world-leading enabler of payment brands, today announced that the US Patent and Trademark Office (USPTO) issued patent number US 7,742,967, which covers fundamental aspects to secure payment processing.The patent, entitled Secure and Efficient Payment Processing System, was filed to protect technology designed to ensure secure transactions using authentication. This technology will help give consumers control over their accounts by allowing them to establish limits or restrictions for use in applications, such as automatic bill pay or recurring payments. The patent application was Cardinal's first and dates back to October 1999. Cardinal's IP portfolio includes six United States, three European, and three South African patents:
US Patents: | Patent No. US 7,051,002 |
| Patent No. US 7,140,036 | |
| Patent No. US 7,606,771 | |
| Patent No. US 7,624,039 | |
| Patent No. US 7,693,783 | |
| Patent No. US 7,742,967 | |
| European Patents: | Patent No. EP 1 221 146 B1 (United Kingdom) |
| Patent No. EP 1 221 146 B1 (Switzerland) | |
| Patent No. DE 600 15 587.0-08 (Germany) | |
| South African Patents: | Patent No. 2005/0269 |
| Patent No. 2007/07072 | |
| Patent No. 2008/1212 |
"This patent may surprise many with its scope and insight to the ways in which authentication can be used for Internet and mobile commerce. Whether viewed on its own, or in conjunction with Cardinal's other intellectual property, the patent makes it difficult to imagine how any transaction that relies on authentication wouldn't benefit from the underlying technologies Cardinal offers," stated Michael A. Keresman, III, Chief Executive Officer, CardinalCommerce. "We look forward to using our IP portfolio to contribute to the growth of secure commerce worldwide."
About CardinalCommerce
CardinalCommerce Corporation is the global leader in enabling authenticated payments, secure transactions, and alternative payment brands for both eCommerce and mobile commerce.
Cardinal Centinel® is authentication software for merchants which enables payment brands such as Verified by Visa, MasterCard® SecureCode™, Amazon Payments™, Bill Me Later®, ClickandBuy®, Cred-Ex®, Ebates™, eBillme™, eLayaway™, Google™ Checkout, Green Dot® MoneyPak®, Mazooma™, Moneta®, MyECheck, NACHA® Secure Vault Payments (SVP), OneTouch Online Purchasing™, paysafecard, PayPal™, RevolutionCard™, SafetyPay™, TeleCheck®, Ukash™, and more 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.
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
The CardinalCommerce logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=697
CONTACT: CardinalCommerce Corporation
Media Contact:
Christopher G. Brown, Chief Financial Officer
877.352.8444
chrisb@cardinalcommerce.com
