IP Offerings Logo

Patent MarketPlace: Banking/Financial Services Patents for Sale

Electronic Telephone Wallet (Poltorak Technologies): U.S. Patent No. 7,996,268

We’ve all been there. We are making a purchase online or via telephone. We provide our debit card or credit card number. Then the seller needs the security code from the card. OK. And the expiration date. OK. And the billing address for the card. Wait a minute! We thought ordering online or via telephone was supposed to be easy. Seems like we are providing a lot of information to people we do not know!

This patent replaces supplying all of that sensitive data with an electronic wallet that is incorporated into a cell phone or other smart device. This electronic wallet stores data on the owner’s credit and debit cards – the account numbers, security codes, expiration dates, and billing addresses. When the Electronic Telephone Wallet owner goes to make a purchase, the wallet communicates directly with the seller – either over the telephone or over the Internet – and it quickly, easily, safely, accurately, and securely provides the data needed to complete the transaction. The Electronic Telephone Wallet communicates with the seller via a telecommunication network, the Internet, RF signal, satellite communication, optical communication, public switched telephone network, digital communication network, personal communications services (PCS), wireless communications, and/or any other communication network or system or combination.

U.S. Patent No. 7,996,268 for an “Apparatus and method for an electronic telephone wallet” will enable any merchant services supplier or cell phone operator to provide the next level of convenience and security to its customers.

Smart Debit Card with Automatic Savings (Brennan): U.S. Patent No. 8,875,998

The only thing harder than losing weight is putting money aside in a savings account! That’s why 99% of the money put aside for retirement is in employer-managed retirement programs in which the funds are taken directly from the employee’s pay. We all agree we need to save on a regular basis, but we also need to lose weight, get more exercise and eat healthier. Thus the source of the adage “Easier said than done.”

This patent addresses this issue by creating a smart debit card that puts money aside in savings automatically. The card owner sets up how he or she wants the savings transaction to be triggered. It can be a per-transaction (every time the user makes a purchase, for example, a specific amount or percentage is transferred from the user’s checking account to a savings account) or a regularly scheduled (every other Friday, for example, a fixed dollar amount is transferred from checking to savings) program. And, of course, the debit card owner can start, stop, alter or re-start the program at any time. The card includes a chip that stores the balance in savings and enables the user to access those funds when needed (in an emergency, for example).

U.S. Patent No. 8,875,998 for a “Middle class American card” creates the opportunity for a bank or credit card issuer to create a value-added debit card that is not available elsewhere.

Patent Brokerage Prospectus: Contact [email protected] to receive an analysis of each portfolio that includes:

We offer patents in these technologies: