Finsphere Awarded Ninth Patent
Finsphere Continues to Grow its Intellectual Property Portfolio
BELLEVUE, Wash., Sept. 24, 2014 /PRNewswire/ -- Finsphere Corporation, a leading provider of identity authentication analytics, announced today the issuance of US Patent Number 8,831,564 by the United States Patent and Trademark Office (USPTO) for a system and method for identity protection using mobile device signaling network derived location pattern recognition.
Bolstering Finsphere's founding vision, patent no. 8,831,564 fortifies the company's market-leading position to utilize mobile app-based and network-based mobile device geo-location data and other mobile phone attributes to improve the customer experience for all types of financial and non-financial transactions.
"We are very excited today, as this patent brings Finsphere's worldwide patent portfolio to nine in total, with many more in the pipeline," said Michael Buhrmann, CEO of Finsphere. "Authenticating legitimate transactions is becoming progressively more critical to protect privacy, security, and assets of both businesses and customers. Finsphere believes doing so in a user-friendly and transparent means is crucial to rapidly and seamlessly integrating into existing financial and non-financial networks."
Finsphere was founded on the simple yet powerful vision that a mobile phone, acting as a proxy for an individual's identity, can be used to authenticate risk-based events such as financial transactions, online login attempts, physical access, and more. Patent no. 8,831,564 represents an important part of Finsphere's growing intellectual property portfolio.
About Finsphere Corporation
Based in Bellevue, Washington, Finsphere was founded in 2007 to enable wireless carriers and enterprises to help protect their customers through identity authentication services. Finsphere utilizes sophisticated analytic platforms and applications, protected by US and international patents, for non-intrusive, privacy enhancing services to authenticate transactions across all industry segments. Finsphere is a privately held corporation, whose major investors include Mohr Davidow, Shasta Ventures, Frazier Technology Ventures, and Vodafone Ventures. For more information, visit http://www.finsphere.com.
SOURCE Finsphere Corporation
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