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3rd October - As the world sees the 2.5
billionth mobile phone connection, Mobile VPT Europe PLC
announces the grant of its patent entitled ‘Communication
Method and Apparatus Improvement’. The patent encompasses
the use of GSM / 3G mobile devices, be they phones, PDA’s
or other similar devices for authenticating users and
transacting mobile commerce. The patent grant serves to
strengthen Mobile VPT Europe’s mission to make its
technology ubiquitous across mobile devices and will enable
the company to provide consumers with maximum transaction
security and authentication while reducing costs through
an open mobile transaction network. Mobile phones will
be able to operate “chip and pin” transactions
from any location, be it a taxi, or a car boot sale, using
secure “two factor authentication”. The same
technology can be applied across Internet payments, providing
a further diverse network and safeguard against identity
theft. |
“This patent grant fundamentally reinforces the work
we have done over the last few years and with it we intend
to change the mobile commerce paradigm by changing the way
the world moves money – securely and in a non repudiatable
way” said Keith Benson, Founder and Executive Chairman.
Central claims of the patent are that any GSM or 3G phone
whose core processor receives any user authenticating interrogation
signal that is redirected other than to the operator’s
SIM card is an embodiment of this European Patent, (publication
number EP1068753).
About Mobile VPT Europe PLC:
Mobile VPT Europe PLC was incorporated on 2nd August 2006
as a public limited company under the UK Companies Act 1985.
With proven products, unique technology, key personnel, patents,
patent applications and other intellectual property developed
with private investment of more than US$16 million since 1998,
Mobile VPT Europe PLC has established its European base to
develop and exploit the market, and has listed its stock on
the professional emerging markets exchange
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