Mocapay Announces Reissue of Technology Patents

Unique Technology Patent Enables the Most Secure Mobile Transaction in the Industry

DENVER--()--Mocapay, a merchant-centric mobile marketing and payments solution provider, announced today the reissue of its cornerstone patent that offers merchants a single-use, perishable token for mobile transactions. This mobile payment methodology ensures the security of sensitive consumer information for any type of transaction while providing merchants with the marketing intelligence to better understand and influence customer-spending behavior. Additional patents have also been recently issued including the payment card emulation or “spoofing,” mobile marketing messaging and gift-a-friend patents.

“Mocapay’s early entry into the market allowed us to secure valuable mobile commerce related intellectual property such as these patents,” said Doug Dwyre, CEO, Mocapay. “These patents not only differentiate Mocapay’s solutions in the crowded mobile payments and loyalty industry, but they are merchant and consumer-centric focused on secure, intuitive, and smart transactions.”

The original cornerstone patent was approved in 2010 and was recently reissued. The technology assigns each transaction a single-use and/or perishable token or code. The code is delivered to the mobile phone of the consumer authorizing the transaction in one of the most secure methods in the industry. An additional element of the re-issued cornerstone and other issued patents is the point of sale (POS) integration.

A lightweight software package requiring no hardware updates is all that is needed to adopt Mocapay. Alternatively, making use of Mocapay’s exclusive Token API eliminates the need for any POS integration on the part of the merchant. The entire transaction can be completed via the Mocapay interface.

“Implementing a mobile loyalty program can seem intimidating for merchants. We make it simple,” Dwyre continued. “A mobile marketing program can be one of the most dynamic and fast-track tools to grow a business. We want merchants to have access to this technology knowing that this is how their customers wish to interact and engage.”

About Mocapay

Mocapay’s innovative mobile platform creates deep, interactive, loyal brand connections. In addition to Mocapay's own mobile marketing and loyalty products, Mocapay integrates with payments, gift cards, loyalty and other marketing platforms putting the power of customer engagement in the hands of merchants. With its secure, patented technology each Mocapay solution from app to back-end is customized to speak to the merchants needs. Mocapay’s flexible, one-stop solution works with any handset or network and integrates simply with any POS, processor, wallet or existing program. Based in Denver, Mocapay is a privately held venture funded company founded in 2006. For more information, visit www.mocapay.com.

Contacts

Mocapay
Heather Lindemann, 303-570-0011
heather.lindemann@mocapay.com

Contacts

Mocapay
Heather Lindemann, 303-570-0011
heather.lindemann@mocapay.com