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January 24, 2020
On the web
Jack Dorsey’s Square Wins Patent for Fiat-to-Crypto Payments Network – CoinDesk
CoinDesk
“This new system could be especially advantageous for the retail sector, according to the filing. Many cryptocurrencies are too volatile and too slow to become an effective payments solution. Few merchants can feasibly accept a payments method that takes hours to process when the value may swing wildly. But Square thinks it can “remove barriers” with a system that features automatic exchange and real-time settlements. Consumers can pay in their preferred asset – using a privacy coin to keep their identities secret, for example – and merchants receive the full value in an asset they want to hold.”
June 20, 2019
On the web
HonkMobile Launches App-free Apple Pay NFC Payments
NFC World
“Parking payments specialist HonkMobile has unveiled a ‘virtual parking meter’ that uses Apple Pay’s new support for NFC tags to let iPhone users tap an NFC sticker to quickly make a payment via Apple Pay — without first needing to download an app or register for a service. HonkTap is now live “in select cities across North America” with 10,000 HonkTap signs and structures to be installed across 20 cities in Canada and the US by the end of summer 2019, the company says.”
March 28, 2019
On the wires
TokenEx Secures Patent for Processor-agnostic Tokenization Gateway
“TokenEx is excited to announce it has been awarded a patent for its innovative, industry-leading Transparent Gateway solution. The Transparent Gateway enables TokenEx customers to share the sensitive data they’ve tokenized, such as a credit card primary account number (PAN), with any third-party payment service providers (PSPs) or other desired endpoints. This functionality maintains the utility of devalued and tokenized data while securely desensitizing it and removing it from an organization’s environment, making the Transparent Gateway a cornerstone of the TokenEx Cloud Security Platform.”
January 21, 2019
On the web
China bosses blockchain and AI patents
FinTech Futures
“In a healthy display of tech innovation power, Chinese companies have been dominating blockchain and artificial intelligence (AI) patents in 2017. According to a new study by UHY, an accounting and consultancy network, 99 patents (32%) from a total of 314 filed with the World Intellectual Property Organisation (WIPO) in 2017 were by Chinese firms.”
December 7, 2018
On the web
Mastercard Patent Filing Outlines Way to Anonymize Crypto Transactions
“Payments giant Mastercard claims to have developed a new way of keeping cryptocurrency transactions private. According to a patent application published Thursday by the U.S. Patent and Trademark Office, the payments giant has proposed a system of conducting transactions over a blockchain which would obfuscate both the point of origin and the amount being transacted.”
April 4, 2018
On the web
Canada’s TD Bank Submits Blockchain Patent On Assets Tracker
Block Tribune
“The blockchain patent is for “an apparatus for use in a digital asset tracking system that includes a storage device and a processor coupled to the storage device.” According to the application’s abstract, the technology would allow computers to create blocks of data containing information about sold assets, their value in fiat currency and the transactions in which they were sold. Those blocks would then be tracked on a publicly distributed ledger.”
March 26, 2018
On the web
Walmart files patent applications for drone shopping assistants and smart shopping carts
The Verge
“Walmart filed a host of patents today related to how it keeps track of inventory — and the technologies could change the way its customers shop, as reported by Gizmodo. One of the patents is clearly for the in-store experience, and proposes a sensing device to make shopping carts smart and communicate with a mobile device (presumably to help you navigate to where items are). There’s also a patent that tracks users through wearables, and several for managing / sensing inventory levels.”
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