Digital Debit™ Group Announces The Digital Debit Consortium and Call for FinTech Patents

SAN JUAN, Puerto Rico and DOWNINGTOWN, Pa., Jan. 3, 2017 /PRNewswire/ -- The Digital Debit Group, in management by Qondado LLC (a B2B provider of FinTech solutions) announces the Digital Debit Group Consortium IP Pool. The Digital Debit Group is the senior patent pool in the United States for network tokenization (used to deter transaction fraud) as practiced in systems utilizing the EMVCo and TCH-RTP Tokenization specification standards.

The mission of the consortium is to commercialize and make available, a one-stop location for the licensing of patents and trademarks associated with FI B2C products developed with the consortium provided Digital Debit™ UAF SDK.

A list of inaugural consortium IP assets are:

Consortium Patents
This section is intended to serve as notice under 35 U.S.C. § 287(a).

Digital Debit™ GUI

• Digital Debit UAF SDK: U.S. D769296

Tokenized Card™

• U.S. Design Patent Application 29/579,482: "Financial Card Product With Public Exposure Security"

Pool Patents
This section is intended to serve as notice under 35 U.S.C. § 287(a).

Senior Network Tokenization Portfolio

• Digital Debit UAF SDK: U.S. 8,402,555
• Digital Debit UAF SDK: U.S. 8,533,860
• Digital Debit UAF SDK: U.S. 8,887,308

Consortium Copyrights

• Digital Debit UAF Mobile SDK source code for iOS and Android
• Digital Debit UAF Web Services SDK source code

Consortium Product Trademarks

• Digital Debit™
• Digital Credit™
• Digital EBT™
• Wire Debit™ 
• Digital ACH™
• Digital RTP™
• Digital Transponder™
• Tokenized Card™

Consortium Web Properties

• digitaldebit.com
• digitalcredit.com
• digitalebt.com
• wiredebit.com
• digitalach.com
• digitalrtp.com
• digitaltransponder.com
• tokenizedcard.com

The consortium's IP pool is currently accepting submission from intellectual property owners, FI member applicants and investors worldwide with patents, registered trademarks, and copyrighted software complementing the Digital Debit Group's FinTech tokenization and mobile interests. Accepted IP assets into the pool will leverage the expertise and established IP foundation of the Digital Debit Group to generate revenue for pool holders and benefit from an established path of communication to policy makers, the financial services industry, and technology providers.

"Innovative uniformity and consumer trust are requirements for our collective mobile transacted future. The Digital Debit Group delivers the intellectual property in the form of brands and technology that meet the demands of today and tomorrow's payments industry. The Digital Debit Group Consortium is built on the foundation of today's most powerful patents, trademarks, and copyrights in the FinTech space," states Mr. Edward Robles, Principal Officer of the Digital Debit Group.

About the Digital Debit Group:

The Digital Debit Group paves the way for mass adoption of mobile payments and transactions via the licensing of a patented payment interface and universally recognizable trademarks such as Digital Debit™ and Digital Credit™. Similar to the emergence of the credit card design of the 1960's as standard, the group's innovative Digital Debit™ UAF SDK and associated product brands deliver worldwide uniformity to the digital payment experience.

About Qondado:

Qondado is the assigned managing partner of the Digital Debit Consortium. Qondado LLC was founded in 2015 as a provider of easy to use cyber security products for user verification and access authorization. Qondado, LLC focuses on finding solutions to industry security needs and creating consumer friendly brands to market products for maximum adoption. All expressed trademarks are trademarks or managed trademarks of Qondado, LLC.

For more information about Digital Debit™, please visit: digitaldebit.com
For more information about Qondado, please visit: qondado.com

SOURCE Digital Debit Group

Related Links

http://digitaldebit.com