These new patents strengthen Cardinal's overall intellectual property portfolio and enhance its position with regard to mobile transactions. Communicating via text messaging to consumers from databases based on promotions, purchases and information is a key component of mobile commerce. "Our mobile platform includes an easily customized rules engine that enables users to access data, seamlessly linking consumers, merchants and banks together in a WAP, APP or text format.", said Chandra Balasubramanian, Cardinal's Chief Technology Officer. "Our unique technology includes the components, tools and self-service capability to easily extend existing databases to the mobile channel, as well as other distribution channels."
"Cardinal has been very successful not only in securing core patents internationally, but in supporting the effort with complementary patents and applications to ensure a broad and comprehensive portfolio.", said Patrick Roche, a partner with Fay Sharpe LLP, a prominent IP firm.
Mike Keresman, President and Chief Executive Officer of CardinalCommerce commented, "It is gratifying to see the years of planning and hard work come to fruition. We have demonstrated experience with hundreds of mobile Customers, including wallet providers, banks, merchants and financial service providers that have completed hundreds of millions of transactions. Securing the intellectual property to protect our business and, perhaps more importantly, provide potential intellectual property safe haven to our Customers and partners is an important milestone for us. The combination of our intellectual property and established technology capability can essentially 'future proof' our Customer's needs."
Cardinal's patent portfolio now includes 24 issued patents and over 60 applications pending.
About CardinalCommerce
CardinalCommerce has been a pioneer in the remote payments industry since 1999 and is a branded global leader in enabling authenticated payment transactions in the electronic commerce and remote commerce markets.
Cardinal's SaaS software platforms for merchants, banks, processors and transaction supply chain providers create friction-free interoperability among otherwise disparate and incompatible operating systems. Cardinal's platforms enable technology-neutral authentication across a wide range of applications. The Company's proprietary, patented solutions easily facilitate the addition of new technology for remote distribution channels through a single connection. This allows merchants to securely accept payments from the entire financial transaction ecosystem.
The universe of payments spans from traditional credit and debit card brands like MasterCard and Visa, to established and emerging alternative payment brands like PayPal, Green Dot, and Alipay. In accommodating this growing number of payment brands and methods, and these technology and authentication approaches within legacy infrastructure, Cardinal's platforms serve as universal switches, supporting virtually all merchant platforms, wallets, processing systems and authentication methodologies.
CardinalCommerce is headquartered in Cleveland, Ohio and services a worldwide Customer base from facilities in the United States, Europe and Africa. For more information, visit www.cardinalcommerce.com .
Source: Company press release.
