Orbiscom claims controlled payment patent protection

Orbiscom claims controlled payment patent protection

Hard on the heels of its patent cross-licensing agreement with Microsoft earlier this week, Orbiscom has confirmed it holds the rights to a portfolio of more than 50 controlled payment technology patents.

The company's patent portfolio includes the generation of unique user-controlled card numbers in real-time so that a consumer or business user does not have to send their actual card numbers over the Internet.

Ian Flitcroft, director of technology and co-founder of Orbiscom, says: "Orbiscom's global patent strategy is to ensure that controlled payment number technology develops as a single, interoperable global standard for secure authenticated online payments."

He says Orbiscom will leverage its intellectual property portfolio to further develop the market for controlled payment technology. "Licensing our technology to other companies is a key part of this strategy and, as indicated by the recent Microsoft cross-licensing agreement, we look forward to future licensing deals as the growth of controlled payment technology continues."

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