MENTOR, Ohio, Oct. 23, 2012 (GLOBE NEWSWIRE) -- CardinalCommerce, the world-leader in enabling remote commerce (internet, mobile, etc.), today announced that the United States Patent Office has allowed its patent application number 12/870,052, entitled Centralized Identity Authentication for Electronic Communication Networks. Cardinal's SafeCloudTM SaaS platforms solve the challenges of authenticating and/or verifying users for database access, electronic payments and other potential applications.
This US patent application, specifically complements, strengthens and expands the protections offered by previously issued US and Canadian patents. The technology taught by this patent application can benefit organizations such as wallet service providers, government agencies, pharmaceutical and medical-record providers, financial institutions, credit card companies, insurance organizations, credit bureaus and retail concerns.
"Cardinal's intellectual property portfolio, as well as the patent grants we have received and the protection those grants provide, is outstanding. We have very comprehensive coverage of not only the technologies we provide to our core markets, but also innovations we've made that can find applications in other market segments," says Mike Keresman, Chief Executive Officer of CardinalCommerce. "The combination of our intellectual property and established technology capability can provide an IP safe haven and 'future proof' our Customers' needs."
"The platforms protected by Cardinal's IP portfolio support existing systems and can accommodate virtually any legacy system to bring internet, mobile and other remote transactions safely, securely and efficiently to Customers, including merchants, banks, transaction service and electronic wallet providers. We take pride in our ability to create the necessary interoperability with know-how that facilitates new technologies now and into the future," said Chandra Balasubramanian, Cardinal's Chief Technology Officer.
Cardinal's IP counsel, Fay Sharpe LLP, through partner Patrick Roche, stated, "This patent application grant bolsters Cardinal's patent portfolio by broadening the scope of protection for the technological innovations offered by its product platforms already recognized by the various patent offices. This patent specifically enhances Cardinal's coverage for informational access such as medical records while strengthening its transaction processing protection. Cardinal has long been dedicated to protecting its technological expertise and we are pleased to see and aid in its efforts which continue to bear fruit."
Cardinal's patent portfolio now includes 31 issued patents/allowed applications and over 60 applications pending.
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
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CONTACT: Media contact: Christopher G. Brown Chief Financial Officer CardinalCommerce Corporation 877.352.8444 firstname.lastname@example.org