AnywhereCommerce, a global payments technology provider, announced that the company has been awarded a patent from the United States Patent and Trademark Office that covers the company's encryption technology, which resides across its line-up of secure Mobile Point-of-Sale appliances. The patent, number 8,534,554 was issued on September 17, 2013.
"We are proud to receive a patent for encryption of mobile payment technology, which has become a dominant security component for many mobile commerce providers," said Mitchell Cobrin, founder and chief executive officer of AnywhereCommerce. "This patent once again validates our steadfast commitment to innovation in the mobile card payments industry, especially regarding issues of privacy and security. It also bolsters our intellectual property fortress, which already consists of other patents in the mobile commerce arena."
In addition to the patent for encryption of mobile payment technology, AnywhereCommerce has received patents for its audio-jack technology, which enables any smartphone, tablet, or mobile device to be transformed into a fully functioning, highly secure mobile point-of-sale terminal. The company's versatile lineup consists of flexible appliances that support a variety of card-based payment presentation methods, including magnetic stripe debit, credit, and gift card payments as well as EMV chip-card transactions.
"We have additional patent applications in the pipeline," continued Cobrin. "We are committed to delivering reliable and highly secure mobile point-of-sale solutions that will continue to serve the needs of our customers around the globe."