Newswire: Acacia Enters into Settlement Agreement Regarding Credit Card Fraud Protection Technology
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Started by: zoobabzoobab
Date: 26 Oct 2007 14:15
Number of posts: 1
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Summary:
Acacia Research Corporation announced today that its Financial Systems Innovation LLC subsidiary has entered into a settlement agreement covering a patent that applies to credit card fraud protection technology with Shell Oil Company. [...] The patented technology generally relates to a computerized system for protecting retailers and consumers engaged in credit card, check card, and debit transactions. The system includes an electronic card reader, and the generation and use of a transaction number, which specifically identifies each transaction processed within the system.
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