July 10, 2014
On 9th July 2014, leader in Intelligent Mobile APIs – XRomb Inc. – announced that they had been awarded with Patent 8,763,896 by the US Patent Office. This basically covers the most user friendly way of loading credit card
'This patent makes claims in connection with our technology that allows easy, secure, and scalable adoption of mobile phone payment technologies for banks, merchants, and consumers,' stated the Chairman & CEO of XRomb, Valdis Martinsons, in a press release. 'It demonstrates our ability to deliver on our vision to provide mobile payment systems that offer great user experiences along with best in class security,' he added.
The embodiments described herein provide in one aspect, a method of loading a transaction card account onto a mobile device, the mobile device comprising a memory and a contactless reader, the method comprising: reading, via the contactless reader, transaction card information from a physical contactless transaction card corresponding to the transaction card account; sending a retrieval message, to an issuer server, to retrieve a card security credential for the transaction card account, the retrieval message comprising the transaction card information for identifying the transaction card account at the issuer server; receiving, from the issuer server, a card security credential for the transaction card account; and storing, the transaction card information and the card security credential as a transaction card corresponding to the transaction account, on the memory of the mobile device, stated their patent application.
'Today's mobile commerce marketplace is growing increasingly competitive with the introduction of new technologies almost daily, and the most successful businesses will be those who leverage their intellectual property to give customers the assurances they are looking for when using this new technology, added Martinsons, in the same release. XRomb Inc. has various patents in progress covering the mobile payment ecosystem, and we are anticipating significantly increasing revenues as customers expand their use of mobile payments.