Improved Smart Card Security. ICAP Patent Brokerage Announces for Auction Patented Improvements in Techniques to Authenticate Smart Card Transactions

SAN FRANCISCO, June 6, 2012 /PRNewswire/ -- ICAP Patent Brokerage, a division of ICAP plc and the world's largest intellectual property brokerage firm and organizer of ICAP Ocean Tomo Auctions, is offering for auction patented improvements in mobile device based techniques to authenticate smart card transactions from Qiangdi International Co. Limited. The lot will be included in the 16th ICAP Ocean Tomo IP Auction on July 26, 2012, at the Julia Morgan Ballroom in San Francisco, California.

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Background

Security currently associated with payment cards such as cash cards, purchase cards and credit cards is unsatisfactory. An unauthorized person can use the cards through skimming, cloning, or by illegally obtaining the card number and card data. Techniques are required to improve security related to smart card and credit card transactions.

Key Characteristics & Benefits

This patent portfolio discloses a method of conducting and authenticating a smart card or credit card transaction.

• The method addresses market limitations by providing a secure purchase card system that uses a mobile device and a SIM-card.
• The payment card of a customer is linked or co-programmed with the customer's SIM-card.
• The mobile device with the inserted SIM transfers payment information to the intended user for the transaction confirmation when the payment card is used for a transaction.
• The technique disclosed improves both security and control over purchase card transactions.

Market Potential

This is key strategic IP for the smart card and credit card industry. This should be of interest to companies providing financial services as well as companies providing telecommunication services.

To learn more about the assets available for sale in this portfolio:

Contact Paul Greco of ICAP Patent Brokerage at 212-815-6692 or [email protected]

About ICAP Patent Brokerage

ICAP Patent Brokerage is a division of ICAP plc and the world's largest intellectual property brokerage and patent auction firm.

About ICAP

ICAP is the world's leading interdealer broker and provider of post trade risk and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through our post trade risk and information services we help our customers manage and mitigate risks in their portfolios. For more information go to www.icap.com.

SOURCE ICAP Patent Brokerage

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