Xcellink Gets Patents for Payment System in Australia and New Zealand
According to the company, this provides uniform patent protection across the whole of Australasia, facilitating a regional opportunity allowing providers of payments services who wish to automate consumer-based management systems with the use of a local link (such as Bluetooth, Infrared, Wi-Fi, WiMax and NFC (Near Field Communication)) with a single license arrangement for the Xcellink method.
The unrestricted business opportunities that this may facilitate has the potential to provide excellent returns for Xcellink shareholders, and provides payment service providers with an opportunity to be part of the emerging consumer-centric approach to 21st Century E-Commerce.
The company has added that with its technology, merchants, banks, financial institutions, mobile carriers and utility providers will be able to address the key issues of security and inter-operability with existing systems and meet consumer demands for control & security, operational simplicity, lower transaction costs and location independent access.
The company has also added that the technology can work over a range of wide area networks including the telephone, internet or wireless data - in fact, the technology can operate in any network that can support secure messaging using information appliances such as mobile phones, wireless PDAs, internet access points or other communications devices.
A spokesman of the Xcellink, said: “With mobile coverage to 98 percent of Australia's 21 million people, and a history of very early introduction of new technology, we are confident our technologies will be well received there. And with the mobile phone being a fashion statement with an average life of only 1 to 2 years, this is an exceptional opportunity to build Xcellink capability into mobile communications.”
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