Technology for Financial Transactions Available for Sale at Upcoming ICAP Patent Brokerage Fall 2011 Live IP Auction November 17th in San Francisco

SAN FRANCISCO, Oct. 20, 2011 /PRNewswire/ -- ICAP Patent Brokerage, the global leader in intellectual property brokerage and a division of ICAP plc, the world's premier interdealer broker, and ICAP Ocean Tomo Auctions, are offering for sale technology related to financial transactions at its upcoming Summit on Patent Monetization and Live IP Auction November 16th & 17th in San Francisco. The Lot is owned by HIP Consult Inc. and includes 1 US patent and 2 applications.

(Logo: http://photos.prnewswire.com/prnh/20100614/CG20517LOGO)

The featured technology, listed as Lot 9 in the online auction catalog, can be viewed at www.icappatentbrokerage.com/forsale. The portfolio discloses techniques for transferring money or value by providing a wide range of options to send or receive the transfer. Intermediate service partners (e.g., financial institutions, distributors, retail outlets) establish transactions between the entities (e.g., senders or receivers) by supporting various protocols (e.g., HTTP, HTTPS, DTMF, IP). The transaction may be initiated using interfaces such as mobile phones, handheld devices, or desktop terminals. The assets further disclose a customer relationship and acquisition engine for responding to requests from the sender or the receiver and rule engines for storing and applying rules for the transactions. Further, the disclosed system initiates a tender among participating service providers, who can perform the transaction by providing their proposed terms (e.g., time frame, exchange rates, fees.). Therefore, the sender can select a service provider for making the transaction and get additional benefits such as cheaper exchange rates or fees.

Forward citing companies include HSBC, Wells Fargo, Visa, and USAA.

Dean Becker, ICAP Patent Brokerage and ICAP Ocean Tomo Auctions CEO, commented, "Our Fall 2011 Auction will be our biggest yet, featuring more than 140 lots. Technology, like that disclosed by this lot, represents some of the best innovation in the industry. We are very excited to be able to offer this to the worldwide market."  

Register for the Summit on Patent Monetization

ICAP Patent Brokerage's Summit on Patent Monetization, the annual gathering of the leading participants in the patent monetization ecosystem, will take place before the Live Auction at The Ritz Carlton, San Francisco on November 16th & 17th.  

Join the leading voices in the patent community as we discuss monetization and enforcement, and debate the legal, legislative, and economic influences shaping the patent industry. The Conference includes a planned collaboration session focusing on standardization of patent sale agreements, as well as smaller group sessions built around some of the key challenges facing the partners in the ecosystem: enforcement and litigation, patent quality, patent protection, pooling and other blocking strategies, among others.  

The Conference provides unparalleled networking opportunities and access for established industry players and newcomers alike.  Get to know your partners, peers, and competition.  Join ICAP Patent Brokerage for this engaging, enlightening, and innovative two-day session.  Register today for only $395.

Please contact Dean Becker, CEO of ICAP Patent Brokerage, at [email protected] for more information.  

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 premier interdealer broker and provider of post trade services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, foreign exchange, emerging markets, equities and equity derivatives through voice and electronic networks. ICAP plc was added to the FTSE 100 Index on 30 June 2006. For more information, go to www.icap.com.

SOURCE ICAP Patent Brokerage

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