|| (PARIS – May, 21, 2002) – Upaid, a pioneer of mission-critical, real-time software solutions for next-generation pay-as-you-use voice, data and payment services to mobile operators, service & content providers and financial institutions, today announced that the U.S. Patent and Trademark Office has published the company’s new m-Commerce patent. The new award, U.S. patent 6,381,316, extends Upaid’s patent coverage from prepaid and pre-authorized m-Commerce transactions to any form of pre- and postpaid m-Commerce transactions made using any device and end-user account, including credit, debit, cash, prepaid and e-wallet accounts. Additionally, the patent also protects real-time and batch processing of settlement data for m-Commerce transactions enabled across multiple networks.
Heinz Brasic, CEO of Upaid, commented on the company’s commitment to providing intellectual property security to Upaid customers and partners: "Upaid firmly believes that patent protection will be fundamental in building business models for next-generation mobile services, and our open approach to patent licensing is unique in the industry. With our broad and comprehensive patent portfolio, we strive to ensure that our customers and partners can launch advanced mobile services with the peace of mind that their business models are protected against any infringement claims."
Upaid promotes an open licensing strategy and uses its broad intellectual property rights to promote the adoption of its platform for real-time rating and payment settlement processing of next-generation roaming and mobile payment services. The company seeks to maximize the number of licensed users of its products and patents through partnerships with software developers, systems integrators, mobile operators and financial services providers.
The award of Upaid's m-Commerce patent follows examination of over 90 pieces of related patented prior art by the U.S. Patent and Trademark Office. The new independent method claim and 29 supporting dependent claims brings Upaid’s total patent claims to 75, of which 4 independent method claims, 2 independent product platform claims and 69 supporting dependent claims. The new patent is available for review on Upaid’s website at http://www.upaid.net/patents
Mary Carol Harris
VP, Corporate Communications
Upaid Systems, Ltd.
Tel.: +33 (0)1 58 36 58 58
Mary Carol Harris