Xcellink International (OTC.BB:XCEL), an advanced platform-independent developer of customer-centric payment systems and methodologies, today announced that it has completed the transfer of exclusive world-wide licenses to commercialize patents for the Xcellink technology.
Xcellink aims to become a major player in the next generation of customer payment systems. The Intellectual Property and associated Patents relate to critically important elements of automated data interchange between customers (buyers) and merchants (sellers) over local, wired or wireless electronic links, potentially replacing all credit, debit, charge and smart cards, providing all functions of order, warehousing, delivery and payment for all types of goods and services.
"Xcellink's acquisition of the licenses was critical to an unrestricted ability to develop the technology further and commercialize the products," commented a Company spokesman. "Xcellink will take over the whole intellectual property database as part of the license."
Using existing technologies such as mobile phones and wireless digital networks, and exploiting the techniques associated with secure messaging systems and consumerization, the Xcellink process enables customers, rather than the merchant, to initiate, control and pay for all transactions, without the need for credit cards, in real-time anywhere, anytime and at a fraction of the cost of current transactions.