Authernative Granted U.S. Patent

Jul 01, 2008

Authernative, Inc., developer of user and transaction authentication and identity management technologies, announced that the United States Patent & Trademark Office has granted the company a patent for a private and secure financial transactions method. The patent describes an enhanced security and fraud protection system, which enables financial account holders to perform secure financial transactions with or without disclosing private financial or personal information to merchants or sellers. The method describes a transaction-processing architecture for performing secure in-person, offline, online, or mobile financial transactions with the direct participation of the account holder's financial account. The patent also introduces a random partial PIN/password recognition algorithm to authenticate the account holder.