Cardinal Commerce Issued Internet PIN Debit Patent

Source: CardinalCommerce Corporation Date: August 16, 2011 08:00 ET

CardinalCommerce Corporation Receives Ninth United States Patent Latest Patent Addition Further Diversifies Portfolio and Strengthens Offerings in the Authentication Technology and Methodology Market

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:

M 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   more from Finextra:

CardinalCommerce granted US patent

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.

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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 Servicesoftware 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." 

Google: We Bought Motorola To "Protect" The Android Ecosystem

Tech Media Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Tuesday, August 16, 2011

Advertisement Good morning! The huge news everyone's talking about isGoogle buying Motorola Mobility for $12.5 billion. Here's what you need to know: Google bought Motorola mostly to buy patents andprotect the Android ecosystem from Apple andMicrosoft. Here's how Google explained the acquisition → Google could also do cool stuff around Google TV with Motorola's set-top box and home video business. It's just a huge, headache-heavy deal: 19,000 new employees, hardware factories, a crappy commodity business, a huge breakup fee, potentially massive layoffs... Here's everything Google just bought → In other words, it could be a disaster. (But hey, corporate raider Carl Icahn made $415 million from the deal, so it's all good.) In other news... Apple will release its next iPad in the Spring of 2012, not November as some people think, the latest report says. Foursquare introduced Lists, its latest big feature, which lets people plan future check-ins and share trips. Tiger Global, the big hedge fund that often makes tech-related bets, has an enormous $2 billion stake in Yandex, the "Google of Russia." (And JP Morgan says the Russian Internet is a screaming buy.) Facebook billionaire Peter Thiel is going to make even bigger tech bets, thanks to his Clarium Capital hedge fund. BONUS: The ugliest tablet OS we've seen. Please follow SAI on Twitter and Facebook.

Ingenico Welcomes the Migration and Adoption of EMV in the United States

August 16, 2011 08:30 ET

Reacts Positively to Plans by the Card Association to Bring Smart Card Technology to the U.S.; Added Security Features to Reduce Card Fraud for Retailers and Cardholders

ATLANTA, GA--(Marketwire - Aug 16, 2011) - Ingenico, the leading worldwide provider of payment devices and services, reacted positively to the recent announcement by VISA Inc. to accelerate the migration to EMV contact and contactless chip technology in the United States. Boasting the largest installed base of EMV-enabled terminals (over 15 million) globally, Ingenico sees the arrival of the smart card technology as the next logical step in preparing the U.S. payments ecosystem to benefit from the international interoperability and newly emerging non-traditional NFC-enabled mobile payments technology. The EMV and other next generation chip-based payment technologies will enhance the current payment infrastructure in the U.S. by positioning it to accept and handle chip transactions, and securing payments through the use of dynamic card authentication. The added security features that promise to reduce the impact of card-based fraud will benefit both retailers and cardholders.

"With our global presence and multiple successful EMV card migrations around the world, including most recently Canada, we have accumulated an unparalleled level of EMV expertise and knowledge," said Thierry Denis, president of Ingenico, North America. "We fully understand chip-based technology benefits for retailers and cardholders and are uniquely qualified to lead the U.S. migration to EMV and contactless acceptance. Not only will chip technology reduce fraud levels for merchants and card issuers, it will also provide American consumers with the flexibility and convenience to use their payment cards outside of the U.S. where they cannot currently do so."

For the past 12 months Ingenico has been anticipating and preparing for the migration of EMV card technology in the U.S. and serves on many committees to bolster broader awareness of this technology. Ingenico is the only terminal manufacturer represented on the EMVCo. Board of Advisors, the governing body of the EMV Integrated Circuit Card Specifications for chip-based payment cards and acceptance devices, and is a member of the Leader Council of the Smart Card Alliance, a non-profit association driving the understanding and adoption of smart card technology in the U.S.

"With VISA's moves to accelerate EMV and mobile payments adoption in the United States, now is the time for EMV-savvy leaders of the acceptance market to step up to the challenge and provide the education, support and programs needed to help merchants ensure a smooth transition," said Randy Vanderhoof, executive director of the Smart Card Alliance.

Driven by its strategic vision based upon innovation and security, Ingenico has successfully helped shape the migration and development of chip-based smart card payment infrastructure for its customers around the world. Today, the company continues on its path of innovation by responding to rapidly changing customer needs with high-performing products and innovative solutions needed to support the new forms of payment including mobile, contactless and NFC.

"Ingenico has made significant changes to its product mix and organization in North America during the first half of 2011. We are growing in capacity, but more importantly we are adding critical industry expertise such as EMV and NFC to our already capable team," said Gregory Boardman, senior vice president of Product & Development, Ingenico, North America. "Through investment in new contact and contactless technology, people and processes, we are well-positioned to help U.S.-based customers migrate to EMV and NFC acceptance. Our entire line of TELIUM products, which is certified to the latest PCI security standard, comes standard with integrated EMV card readers and options for integrated NFC acceptance."

To learn more about Ingenico and its global product offerings, visit the company's website atwww.ingenico.com.

About Ingenico (ING)Ingenico (EURONEXT: FR0000125346 - ING) is a leading provider of payment solutions, with over 15 million terminals deployed in more than 125 countries. Its 3,000 employees worldwide support retailers, banks and service providers to optimize and secure their electronic payments solutions, develop their offer of services and increase their point of sales revenue. More information onwww.ingenico.com.

Near Field Communications World is Now NFC World

News NFC phones NFC trials NFC events More NFC resources Shop Got a tip? Advertise Contact us New production process could cut cost of NFC tags to "just a few cents" A new production process developed by a UK startup could reduce the cost of NFC tags to significantly under five cents a unit, making it practical for tags to be used in a wide array of new application areas. Full story » Visa moves US to EMV and NFC "The adoption of dual-interface chip technology will help prepare the US payment infrastructure for the arrival of NFC-based mobile payments by building the necessary infrastructure to accept and process chip transactions that support either a signature or PIN at the point of sale," says the payments giant. Full story » Gartner's Hype Cycle places NFC at 'Peak of Inflated Expectations' The Emerging Technologies Hype Cycle is designed "to highlight the common pattern of overenthusiasm, disillusionment and eventual realism that accompanies each new technology and innovation," says the company. Full story » Texas Instruments enters NFC market TI has announced its first NFC product, an NFC transceiver that supports peer-to-peer communications and card emulation as well as read/write functionality and is designed to be built into a wide range of industrial, commercial and consumer products. Full story » SPONSOR MESSAGE Your future customers read this newsletter This email newsletter is sent to more than 9,000 people every week, and your ad could appear here. Call Laurence Zipson on +44 1341 760133 to talk about advertising, our new lead generation programmes and how NFC World can help you hit your targets. 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Full story » From the NFC Newswire... • KSI puts NFC into keyboards • ABI: 85% of POS terminals to support contactless payments in 2016 • No Nokia N9 NFC phone for UK or USA More news » NFC phones list NFC handsets: Find out which phones are available now, what's coming soon — and what's around the corner. Check out out our comprehensive list of NFC phones » NFC Calendar: Conferences, meetings, exhibitions and events • RAMP | 13-14 September | Chicago, USA • NFC World Congress | 19-21 September | Sophia Antipolis, France • NFC Summit at 4G World 2011 | 26 October | Chicago, USA • NFC Payments USA | 2-3 November | Miami, USA Plus details of many more events » Please tell your colleagues about us If you know anyone who would benefit from getting our free NFC industry news by email please take a moment to let them know about us now (perhaps forward them this email, or let them know they can sign up to get their own copy by entering their email address athttp://www.nfcworld.com/email). 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