Renewable and Secure Payment Authorization System ID: 2015-073
A revolutionary system designed to enhance the security and convenience of repeat purchase transactions and subscription services.
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Technology Overview
This innovative technology provides a decentralized payment solution that facilitates seamless interactions among payers, payees, and payment brokers, significantly reducing the need for frequent re-entry of credit card information and minimizing the risk of information theft or hacking.
Key Advantages
- Enhanced security and convenience for repeat transactions and subscriptions
- Decentralized approach, differentiating it from EMV cards and centralized solutions like PayPal
- Reduces the exposure of credit card information to potential theft or hacking
Problems Addressed
- Inconvenience and security issues associated with frequent re-entry of credit card information
- Risks of credit card information exposure on multiple sites due to card expiry or cancellation
Market Applications
- Banking and financial institutions
- Online merchants and e-commerce platforms
- Credit card companies
- Entities issuing merchant accounts or handling transaction systems
Additional Information
Technology ID: 2015-073
Sell Sheet: Download the Sell Sheet here
Market Analysis: Contact us for a more in-depth market report
Date Published: 28 March, 2025
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