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."