Payments News

On The Web

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Canada’s TD Bank Submits Blockchain Patent On Assets Tracker

“The blockchain patent is for “an apparatus for use in a digital asset tracking system that includes a storage device and a processor coupled to the storage device.” According to the application’s abstract, the technology would allow computers to create blocks of data containing information about sold assets, their value in fiat currency and the […]
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Mastercard Patent Filing Outlines Way to Anonymize Crypto Transactions

“Payments giant Mastercard claims to have developed a new way of keeping cryptocurrency transactions private. According to a patent application published Thursday by the U.S. Patent and Trademark Office, the payments giant has proposed a system of conducting transactions over a blockchain which would obfuscate both the point of origin and the amount being transacted.”
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Global

China bosses blockchain and AI patents

“In a healthy display of tech innovation power, Chinese companies have been dominating blockchain and artificial intelligence (AI) patents in 2017. According to a new study by UHY, an accounting and consultancy network, 99 patents (32%) from a total of 314 filed with the World Intellectual Property Organisation (WIPO) in 2017 were by Chinese firms.”
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Tech

HonkMobile Launches App-free Apple Pay NFC Payments

“Parking payments specialist HonkMobile has unveiled a ‘virtual parking meter’ that uses Apple Pay’s new support for NFC tags to let iPhone users tap an NFC sticker to quickly make a payment via Apple Pay — without first needing to download an app or register for a service. HonkTap is now live “in select cities […]

On The Wires

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TokenEx Secures Patent for Processor-agnostic Tokenization Gateway

“TokenEx is excited to announce it has been awarded a patent for its innovative, industry-leading Transparent Gateway solution. The Transparent Gateway enables TokenEx customers to share the sensitive data they’ve tokenized, such as a credit card primary account number (PAN), with any third-party payment service providers (PSPs) or other desired endpoints. This functionality maintains the […]