Two New Patent Awards Reinforce Identive's Position in Secure Mobile
Technology Inventions Enable Secure Mobile Payments and Secure Access to
Corporate and Cloud Networks Using NFC Smartphones
SANTA ANA, Calif. and ISMANING, Germany, June 24, 2013 (GLOBE NEWSWIRE) --
Identive Group, Inc. (Nasdaq:INVE) (Frankfurt:INV), a provider of solutions
and services for the identification, security and RFID industries, has been
granted two new patents that add to the company's robust portfolio of near
field communication (NFC) technology and reinforce its position in the growing
market for secure mobile applications.
"Our R&D strategy is to develop and innovate ahead of market acceleration so
we can participate in and shape new market opportunities as they emerge," said
Joseph Tassone, vice president Technology and Product Management for Identive.
"These two new patents are examples of the significant investments we are
making in core NFC, cloud and security technologies that underlie early but
growing trends around the use of mobile phones for secure applications such as
banking, payment and identity management.We are committed to maintaining a
high level of technology development that supports Identive's goal to become
the signature company in Secure ID. In April, we secured a funding agreement
of up to $20 million over the next three years to support our R&D and new
market growth efforts."
tag on metal Technology
"Around the world, the mobile phone is becoming the next frontier for
electronic payments and our 'tag on metal' (tom™) technology enables payment
schemes to gain critical mass more quickly by enabling existing smartphones
with NFC capability," said Tassone.
U.S. Patent 8469281 is the fourth issued on Identive's family of tom
technology inventions, which utilize specialized magnetic shielding to allow
radio frequency identification (RFID) and NFC tags to be used on metal devices
or equipment, which normally interfere with RFID signal performance. When
affixed to the back of a smartphone, the tom-based tags provide NFC
communication capabilities that enable the phone to be used for secure mobile
applications, including payment. Currently banks, mobile network operators and
other companies in Europe, Africa, Asia and the US are using Identive's tom
technology to enable phone-based payment programs.
Mobile Two-factor Authentication Technology
"Our ground-breaking invention for mobile authentication enables NFC
smartphones to provide two-factor authentication (2FA) when accessing secure
corporate and cloud systems. This provides a high level of security while
making it extremely easy for users to verify their identities to online
banking networks or corporate web resources. Our technology combines NFC with
URL protocols and OATH industry authentication standards to provide a seamless
'tap to login' experience for users. We eliminate the need to read and re-type
a one-time password or even type in the online banking or corporate web
address. In addition, there is no need to install software on the phone,
making this technology a perfect fit for the global one-time password 2FA
market," concluded Tassone.
Identive's mobile 2FA technology can be embedded within ID cards, banking
cards or tokens that, when tapped, cause a unique one-time password (OTP) to
be generated that is then presented directly to the secure website or network
to authenticate the user. NFC phones require no special software or app to
work with the technology, making it extremely easy and cost effective to
deploy and support. Identive's latest invention for two-factor authentication
on mobile devices has been granted Australian Patent 2010230088 and has
pending-patent applications in the US and other countries.
Identive Group, Inc. (Nasdaq:INVE) (Frankfurt:INV) is focused on building the
world's signature company in Secure ID. The company's products, software,
systems and services address the markets for identity management, physical and
logical access control, cashless payment, NFC solutions and a host of
RFID-enabled applications for customers in the government, enterprise,
consumer, education and healthcare sectors. Identive's mission is to build a
lasting business of scale and technology based on a combination of strong
technology-driven organic growth and disciplined acquisitive expansion. The
company delivers up-to-date information on its activity as well as industry
trends through its industry-leading social media initiatives and educational
resource, AskIdentive.com. For additional information, please visit
www.identive-group.com or follow on Twitter at @IdentiveGroup.
Note: Identive, the Identive logo and tom are trademarks of Identive Group,
Inc, registered in many jurisdictions worldwide. All other company, product or
service names may be trademarks or registered trademarks of others and are the
property of their respective owners.
CONTACT: Darby Dye, +1 949 553-4251,
Annika Walther, +49 89 9595-5220,
Identive Group, Inc. Logo
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