DeviceFidelity Scoops another important mobile wallet patent
DeviceFidelity Scoops another important mobile wallet patent
DeviceFidelity has announced that it has been awarded a mobile wallet patent for NFC technology. The new mobile wallet patent that has been granted to DeviceFidelity has strategically placed the company in a very strong position in the emerging market of NFC mobile wallets and payments, and in turn DeviceFidelity is becoming a bigger name in the NFC world everyday. Their patent war chest is also becoming the envy of many larger competitors in the NFC space, and there could be companies that now find themselves on the wrong side of the newly awarded mobile wallet patent.
About the DeviceFidelity mobile wallet patent
Granted on the 17th of May, this new mobile wallet patent describes the use of a "multi institution mobile wallet architecture" ala Google Wallet, protected by a "Secure Element" capable of running applications such as a smart card. Google appears to be in the clear with its own mobile wallet, as this patent applies to the use of a microSD card which the Google Wallet technology does not require to function but instead relies on an in-built secure element. That is not to say that any Android smartphone manufacturer that did want to build its own mobile wallet and have the secure element to reside in a microSD card wouldn't have to license the technology from DeviceFidelity.