RIDGELAND, Miss., March 11, 2014 /PRNewswire/ -- SecureBuy, a leader in global payment fraud prevention and security technology has been granted intellectual property protection for its real-time, online biometric signature capture technology under Canadian patent number 2589108. The patent was awarded by the Canadian Office of Intellectual Property on February 27, 2014.
The technology emulates a handwritten signature that can be executed on screen using a stylus, mouse or finger and can be experienced on mobile devices and personal computers. SecureBuy owns the patents for biometric signature capture technology in both the U.S. and Mexico. The addition of this Canadian patent strengthens protection throughout North America for the technology that is a key ingredient in SecureBuy's fraud prevention management solution.
The biometric signature capture introduces a unique, personally identifying mark, recognized by issuing banks as compelling evidence which shows the intent to purchase. So long as the merchant upholds the terms and conditions and the card is not stolen, a customer's signature creates a legally binding sales draft. Integrated as a final stage in the checkout process, SecureBuy takes a snapshot of the terms and conditions along with the signature then stores it as indisputable proof of purchase. Visa began recognizing a signature as compelling proof of purchase back in 2013.
As early as 1999, the National Conference of Commissioners on Uniform State Laws (NCCUSL) had proposed the Uniform Electronics Act, which legally recognized the digital signature and was widely adopted at the state level. By 2000, the U.S. Congress passed the Federal Electronic Signatures in Global and National Commerce Act (eSign), nationally recognizing the electronic signature as a legal replacement for an inked signature in all digital transactions.
"The addition of this new patent strengthens our ability to develop technology for the Canadian market and innovate new mCommerce and eCommerce solutions," says James Packer, Esq., COO and General Counsel of SecureBuy. "This patent will help us offer a stable platform for SecureBuy's enterprise merchant, ISO, and acquirer customers doing business throughout North America.
This most recent Canadian patent is a welcome addition to SecureBuy's already strong and rapidly growing patent portfolio. Best known in the U.S. mobile and ecommerce industry for its patented, biometric signature capture technology, SecureBuy wants to grow this reputation across Canada. Biometric signature capture is immediately available from SecureBuy and can be purchased as a stand-alone feature or as part of the company's end-to-end fraud prevention management suite.
About SecureBuy – A SignatureLink Company
SecureBuy is a wholly owned subsidiary of SignatureLink, Inc. Founded in 2002; SecureBuy is an established eCommerce cyber-security and technology company, a payment fraud prevention pioneer and leader. SecureBuy's innovative technology reduces or eliminates the risk of payment fraud for merchants, call centers, consumers and payment processors. SecureBuy provides the latest next-generation automated technologies and solutions to reduce revenue erosion from payment fraud and to stabilize eCommerce. For SecureBuy news and media resources, visit www.securebuycommerce.com
Director of Corporate Communications
Read more news from SecureBuy.