Mobile payments and carrier building provider PayOne, has announced that it has been awarded another patent by the US Patent Office related to the company’s PayConnect technology platform, “instant wallet” capability, and intellectual property serving the mobile commerce and digital payments market. Mobile payments are forecasted to account for USD1 trillion in global transactions by 2015, according to Heavy Reading Mobile Networks Insider.
“Patent No. 8,379,815 broadens the ability of a consumer to easily complete a frictionless and secure payment online or in-store,” said Joe Lynam, President and CEO of PayOne. “PayOne continues to invest in our core digital business, technology, and platform for mobile commerce. This latest patent further advances and highlights PayOne’s innovation and leadership in simplifying commerce online and offline with all types of emerging applications, screens, points of sale and mobile devices.”
PayOne and the PayOne Global Carrier Network PGCN currently provides the ability for over 4 billion consumers in over 80 countries to utilise their mobile phones for secure digital mobile payments, typically with just 1-2 steps.
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