LOS ANGELES, March 7, 2012 /PRNewswire/ -- ICAP Patent Brokerage, a division of ICAP plc and the world's largest intellectual property brokerage firm and organizer of ICAP Ocean Tomo Auctions, is offering for auction a patented system for verification of purchase and product legality from Barcode Security Systems Inc. The lot will be included in the 15th ICAP Ocean Tomo IP Auction on March 29, 2012, at Terranea Resort near Los Angeles, California.
Key Characteristics & Benefits This patent portfolio discloses a technique for verifying the legitimate purchase of a retail item.
At the point of purchase, an encoding device writes or otherwise provides unique machine-readable markings on the label (e.g., a barcode or an RFID tag).
When a customer returns the item for refund or exchange, a detecting device/reader analyzes the label for the presence of the unique markings (which, for added security, could be invisible to the human eye).
Presence of these unique markings can provide the retailer with important information such as whether the item was validly purchased, whether or not the item is eligible for a refund or exchange, purchase location, date and time of purchase, method of payment, etc.
This information can be obtained without the requirement of a customer provided receipt.
The disclosed technique can be implemented in POS devices in multiple industries including: pharmaceutical, retail, electronic, automotive and aerospace.
Market Potential This IP is an important portfolio for manufacturers of barcode printers and scanners as well as RFID tags/readers for different industry applications including retail, food and beverage, pharmaceuticals, electronics, automobile and aerospace.
Companies who have cited this patent portfolio include: Impinj Inc., Wal-Mart Stores Inc., HP, StopLift Inc.
To learn more about the assets available for sale in this portfolio: Contact Olivia Becker of ICAP Patent Brokerage at 561-358-1678 or [email protected]
About ICAP Patent Brokerage ICAP Patent Brokerage is a division of ICAP plc and the world's largest intellectual property brokerage and patent auction firm.
About ICAP ICAP is the world's leading interdealer broker and provider of post trade risk and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through our post trade risk and information services we help our customers manage and mitigate risks in their portfolios. For more information go to www.icap.com.