Pioneers in the secure mobile payment industry
SecuredPay’s pioneering efforts and early vision focused on addressing real-world security concerns. Roy T. Nelson, co-founder of the Melting Pot - a national fondue restaurant chain, wanted to protect his restaurant customers from the theft of their credit and debit card information while they were paying for their meals.
He was concerned that the standard practice of giving one’s credit or debit card to a server could lead to the theft of their payment card information. Aside from simply writing down the customer's card number, one of the most common forms of theft occur through what is referred to as "skimming" – the practice by which the server would take the card to the back room and "copy" the card’s magnetic strip information to another device; thereby allowing the thief to create a forged duplicate of the card.
SecuredPay went on to produce a wireless mobile payment device that stopped "skimming" and coined the phrase: "Payment without the card ever leaving the customer’s hand".
SecuredPay’s early long term vision and technical savvy resulted in being awarded...
As defined by the U.S. Patent and Trademark office, this patent "...issued for the invention of a new and useful process, machine, manufacture, ... or a new and useful improvement thereof ... permits its owner to exclude others from making, using, or selling the invention for a period of up to twenty years from the patent application filing date."
This clearly shows that the intellectual property owned by SecuredPay in the right hands, can be highly disruptive and pivotal to the entire mobile payment industry.
See Our Patent HistoryPioneers in the secure mobile payment industry
SecuredPay conceptualized with the goal of creating a mobile device by which the consumer would make a payment without their card ever leaving their hand; focusing on real-time authorization without storing the card information.
SWIPE becomes the first and only PCI certified wireless handheld POS solution with PIN Debit acceptance.
SecuredPay issued VISA PCI PED
[4-10011/Approval Class POS-A]
SecuredPay files the Patent
"PORTABLE HANDHELD DEVICE FOR WIRELESS ORDER ENTRY AND REAL TIME PAYMENT AUTHORIZATION AND RELATED METHODS"
SecuredPay issued VISA PCI PED Approval
[4-10011/Approval Class POS-A Revision:1]
SecuredPay issued US Patent #7,721,969
Official Publication Date of 11/16/2006
US-2006-0255128-A1
SecuredPay issued US Patent #8,011,587
US-2010-0191653-A1
SecuredPay issued US Patent #8,356,754
US-2010-0191653-A1
SecuredPay issued US Patent #8,490,878
US-2012-0012653-A1
SecuredPay issued Canadian Patent #2,648,523
SecuredPay issued US Patent #10,579,978
US-2013-0290192-A1
SecuredPay issued US Patent #10,592,881
US-2014-0172598-A1