As the world sees the 2.5 billionth mobile phone connection,
Mobile VPT Europe PLC announces the grant of its patent entitled
'Communication Method and Apparatus Improvement'. The patent
encompasses the use of GSM / 3G mobile devices, be they phones, PDA's
or other similar devices for authenticating users and transacting
mobile commerce. The patent grant serves to strengthen Mobile VPT
Europe's mission to make its technology ubiquitous across mobile
devices and will enable the company to provide consumers with maximum
transaction security and authentication while reducing costs through
an open mobile transaction network. Mobile phones will be able to
operate "chip and pin" transactions from any location, be it a taxi,
or a car boot sale, using secure "two factor authentication". The same
technology can be applied across Internet payments, providing a
further diverse network and safeguard against identity theft.
"This patent grant fundamentally reinforces the work we have done
over the last few years and with it we intend to change the mobile
commerce paradigm by changing the way the world moves money - securely
and in a non repudiatable way" said Keith Benson, Founder and
Executive Chairman.
Central claims of the patent are that any GSM or 3G phone whose
core processor receives any user authenticating interrogation signal
that is redirected other than to the operator's SIM card is an
embodiment of this European Patent, (publication number EP1068753).
About Mobile VPT Europe PLC: Mobile VPT Europe PLC was
incorporated on 2nd August 2006 as a public limited company under the
UK Companies Act 1985. With proven products, unique technology, key
personnel, patents, patent applications and other intellectual
property developed with private investment of more than US$16 million
since 1998, Mobile VPT Europe PLC has established its European base to
develop and exploit the market, and has listed its stock on the
professional emerging markets exchange www.ppdaq.com. For more
information on Mobile VPT Europe PLC, please email
info@mobilevpt.co.uk
About PPDAQ: www.ppdaq.com is an electronic private placement
exchange, for the listing and trading of securities in admitted
companies. Direct access is restricted to professional investors and
institutions. Private investors should consult their broker.
