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Imerjn acquires patent for mobile transaction processing

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Sharath Kumar
New Update

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.

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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.

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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.

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