Tyfone Receives Patents for Mobile Payment Tech

By Daniel Wolfe

Published May 21, 2012, 11:16 a.m. EDT

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Updated May 22, 2012, 12:09 a.m. EDT

1 Min Read

Tyfone received two U.S. patents covering technology that can be used for mobile payments, the company said May 21.

Processing Content

The technology allows a near-field communication antenna to function from a MicroSD memory card, which can be used with many smartphones. Tyfone offers such a card, which it calls SideTap.

"Since 2004, Tyfone along with its partners has been defining and developing a wide range of technology innovations to enable mobile commerce," said Prabhakar Tadepalli, chief operating officer of Tyfone, in a press release. "Part of the payoff of our hard work is delivering these patented products to market and overcoming scaling challenges, eliminating the last barrier to global NFC implementation."

Interim editor-in-chief, Digital Insurance

Daniel Wolfe is interim editor-in-chief of Digital Insurance and director of data services at Arizent, which publishes DI and American Banker. In... Read full bio

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