Mobile POS technology leader’s patent portfolio expands to include contact and contactless smartcard and chip operation using mobile devices
MONTREAL, June 9, 2015 – AnywhereCommerce, a global payments solutions provider, announced that it has been issued two United States patents for its payment acceptance technology using communications devices. The company is recognized for its patent portfolio that enables the movement of transaction data across the audio-jack of communications devices.
“Since 2008, AnywhereCommerce has been empowering mobility through our proven leading-edge, secure transaction technology,” said William Nichols, president and chief executive officer for AnywhereCommerce. “The patents we’ve been granted impact all mobile point-of-sale (mPOS) applications that rely on audio jack communications. Our latest patents illustrate the company’s ongoing development activities, and further demonstrates our commitment to support highly secure EMV solutions using mobile devices, and to put state-of-the-art security and encryption solutions in the hands of every merchant.”
AnywhereCommerce’s patents define technology that is revolutionizing the payments sector for enabling reliable mobility solutions to the credit card market. The de facto standard in connectivity between a handset or tablet and a mobile payments device is the audio jack for which AnywhereCommerce has just been issued new patents, which address the utilization of smartcard and chip technology (commonly known as EMV) for conducting secure transactions through a communications device, such as a smartphone, tablet, or other computing endpoint.
The adoption of EMV is dramatically changing the payments landscape in the United States, accelerated by the fraud liability shift that takes effect on October 1, 2015. According to multiple industry sources, card issuers in the United States are turning out credit and debit cards with smart chips at a rate that will reach more than one billion cards by the end of 2015. The type of chip embedded in the EMV or chip-card dictates its usage for contact and contactless operation.
The AnywhereCommerce patented technology applies to all payment data moved via the audio jack, and with contactless Near Field Communication (NFC) technology utilized in digital wallet applications such as Apple Pay, Android Pay and similar services.
Further details regarding Patent #9,016,566, “Apparatus and method for commercial transactions using a communication device,” issued April 28, 2015, and Patent #9,053,471 “Apparatus and method for conducting secure financial transactions,” issued June 9, 2015 are available at www.anywherecommerce.com.
AnywhereCommerce products are recognized worldwide for their quality and reliability. The company provides EMVCo certified and PCI compliant payment acceptance solutions through its mSuite™ solutions family, including support of its Walker and Nomad line of secure EMV and NFC card acceptance devices, its mPOS payment software apps, software integration via its CorePay library of payment features, and access to its robust cloud-based aCommerce Management Platform that extends connectivity to a number of processing endpoints, and provides advanced reporting and administrative portals.
AnywhereCommerce is a global mCommerce technology provider and industry innovator with a portfolio of IP, including industry recognized audio-jack patents. AnywhereCommerce offers a suite of hardware, software, developer tools and gateway solutions that deliver an end-to-end mobile payments experience supporting transactions initiated via mag-stripe, EMV chip and signature, EMV chip and PIN, and NFC. The solutions are backed by its aCommerce Management Platform, a robust cloud-based transaction and reporting engine. Our PCI and EMVCo certified ecosystem works on iOS, Android and Windows systems and provides optimal security, reliability, and convenience for merchants, networks, issuers, processors and acquirers. For more information, please visitwww.AnywhereCommerce.com.