LAS VEGAS, USA: Xumanii has announced that it has acquired a patent that enables standards independent transaction processing. The company believes that the patent will primarily be applied to transaction processing in mobile devices but the patented technology is not limited to mobile
transactions.
Imerjn has acquired US Patent 7,737,848. The patent title is "Method
and middleware for standards agnostic transaction processing". The
patent relates to the invention of a methodology that enables standards
agnostic transaction processing. The Company believes that the
invention will be useful for mobile communications companies, mobile
device manufacturers and software companies that provide transaction
processing solutions.
Imerjn CEO, Adam Radly, said: "This is a significant milestone in our
Company's development. The acquisition of this patent gives us the
opportunity to become part of the foundation of the mobile transactions
processing industry. As the number of devices that need to talk to each
other increases there will be increasing demand for standards agnostic
transaction processing."
The patent portfolio covers a middleware that can receive information
from multiple input devices using different communication protocols,
convert this information into a standard scheme, process it using a set
of user-defined codes, and output the information to any output device.
The middleware system has potential uses in multiple fields including
cellular technology, Bluetooth communication, signal processing, RF
communication and many others. The primary advantage of the patented
technology is that being standards agnostic does not significantly
affect its processing speed or cost.
The technology protected by this patent portfolio can be practically
applied to almost every signaling scheme available today. These schemes
may include RF signaling (cellular signals, NFC RF signals, Bluetooth
signals, RFID tag scanning); visual sensing (e.g.bar-code scanning and
infrared signaling) and magnetic sensing (e.g. magnetic strips and
smartcards).
One of the potential applications of this technology is the developing
"Internet of Things" where it is expected that every object will become
identifiable and capable of communicating information. Governance,
standardization and interoperability, however, have to be taken into
account to visualize such a system and this patented technology can be
of great utility in solving these issues.
The Company plans to attempt to license the technology to participants
in the mobile transaction industry. In the event that these
participants choose not to license our technology and we have reason to
believe that they are infringing on our patent we will consider
litigation on a case by case basis.
Potential licensees include: Microsoft, Apple, IBM, LG, Nokia, Wells
Fargo, Huawei, Verizon, HTC, T-Mobile, Motorola, NEC, JP Morgan Chase,
Samsung, Sony Ericsson, British Telecommunication, Toshiba, Sprint,
Walmart, AT&T, MasterCard, American Express, Google, Intel, PayPal,
Texas Instruments, Visa, Qualcomm.
The patented technology will be useful in applications that use Near
Field Communication (NFC) such as social networking via file sharing,
mobile gaming or electronic money transfer. NFC also supports ecommerce
with enhanced transaction speed and accuracy. Juniper research predicts
that 1 in 5 smartphones worldwide will be NFC enabled by 2014 and that
global NFC retail transaction values are expected to reach $110 billion
in 2017.