Taiwan patent covers critical technologies central to electronic wallet and NFC mobile contactless payments
Portland, Ore. – MobilityWire® – February 14, 2011
Tyfone (www.tyfone.com), a mobile financial services solutions provider, today announced it has extended patent protection for the company’s groundbreaking mobile electronic wallet technology with its first international patent, awarded in Taiwan. In addition to this latest Taiwan patent, Tyfone has four U.S. patents issued with several additional patents pending. This newest patent, Taiwan patent number I336449, entitled “Electronic Transaction Card,” with an effective filing date of February 22, 2005, claims priority to U.S. patent 7,581,678, with the same patent title. In addition to this patent milestone, Tyfone was recently invited to showcase its high volume manufactured add-on microSD NFC card at CARTES by several of its go to market partners.
“As the mobile secure transaction marketplace continues to grow, it relies on companies like Tyfone to push the envelope in the development and manufacturing of cutting-edge technologies,” said Sam Wu, Tyfone’s vice president of manufacturing. “As the NFC marketplace begins to mature and a number of companies intend to compete with Tyfone’s contactless payments solution, it is increasingly important to secure international patent protection for our innovations, particularly in Taiwan where the majority of the world’s microSD cards are manufactured. The awarding of this patent in Taiwan to cover a core component of our secure mobile transaction platform is a critical milestone for Tyfone.”
Tyfone’s patented technologies enable a memory card to communicate with a point-of-sale terminal wherein the point-of-sale interface in the memory card receives power from the mobile phone. This aspect is one of many that allows the NFC coil size to be shrunk at least 200 times making it easier to fit it in small form factors such as Tyfone’s SideTap™ MicroSD memory cards.
“The shift towards contactless payments is gaining traction and microSD cards are quickly becoming the most desired form factor for enabling this mobile commerce because of its neutral nature,” said Cheng-Li Henry Yang, Tyfone investor and Chairman of King Core Electronics Inc. “As a manufacturing partner to Tyfone, I see this patented innovation adding significant value to the memory card industry in Taiwan. I see the process that this team has developed and I am impressed by the yield rates at this early stage, and therefore the minimal impact it has on the cost to manufacture these cards. It would not surprise me to see this NFC technology becoming a fundamental part of all memory cards being manufactured in the future.”
In the growing mobile marketplace, Tyfone’s patents, u4ia® mobile secure transaction platform, and SideTap™ memory card product enable any commerce stakeholder to bring immediate scale and security to all mobile transactions – both online and offline at point-of-sale – by converting most existing handsets with memory card slots to be NFC ready.
Founded in 2004, Tyfone’s corporate headquarters are in Portland, Oregon, and its Asia-Pacific headquarters in Bangalore, India. Tyfone connects money and mobility via a highly secure, scalable and flexible mobile financial services solution tailored to meet the evolving needs of consumers, financial institutions, mobile network operators, transportation companies, and retailers. Operating in any standard memory card slot, Tyfone’s u4ia® platform and its companion SideTap™ memory card is the world’s first patented, neutral, and comprehensive memory card-based payments solution for mobile contactless payments. Tyfone and its partners enable a suite of services including Mobile Banking, Mobile Identity Management, Mobile Remote Payments, Mobile Retail Services, and Mobile Contactless Payments. For more information visit www.tyfone.com.
Some names and brands mentioned may be claimed as the property of others. Tyfone®, u4ia®, and SideTap™ are trademarks of Tyfone, Inc.
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