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USR ID Admin

E-Wallet Tech Developer Claims Apple Pay Was His Brainchild

By | Media

May 23, 2017 – Law360, New York By Nicole Narea
Apple and Visa were hit with a patent infringement suit in Delaware federal court on Sunday alleging that they rejected a licensing deal with an early developer of personal identity authentication technology for a contactless payment system and nevertheless went to market with their own version, Apple Pay.

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Apple, Visa Infringed On Boston Man’s Security Patents for Apple Pay

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May 22, 2017 – Bisnow Boston by Cameron Sperance
A small, Boston-based technology company known for its work in security and personal identity authentication filed a lawsuit Sunday in U.S. District Court in Delaware against Apple and Visa, claiming the two corporate giants infringed on its patents to create Apple Pay. Universal Secure Registry’s claim alleges its founder and CEO, Kenneth Weiss, was the first in the mobile payment space with his patents for security and identity authentication, which he revealed to Apple and Visa in 2010. The secure payment technology he developed is the core of Apple Pay, according to the filing. The suit seeks unspecified damages, but hundreds of millions of dollars are believed to be at stake based on prior and ongoing patent infringement lawsuits with the smartphone.

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Apple, Visa face patent infringement lawsuit over Apple Pay

By | Media

May 22, 2017 – Bloomberg Technology by Christopher Yasiejko

  • Massachusetts company claims ownership of four patents
  • Suit claims companies shunned partnership with patent owner

Apple Inc. and Visa Inc. are facing claims by Universal Secure Registry, a small Boston-area company, that their mobile-payment partnership infringes four of its patents. In a federal lawsuit filed in Wilmington, Delaware, USR said it sent Apple a series of letters in 2010 describing its patented technology and seeking a partnership long before Apple Pay’s debut. One letter detailed USR’s patent for using biometrics to authenticate identity on a smartphone, according to the complaint filed May 21.

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Apple Pay Violates Patents Held by Security Technology Inventor, Lawsuit Alleges

By | Media

May 22, 2017 – The New York Times by Vindu Goel
A small Boston company, founded by the inventor of a popular corporate encryption technology called RSA SecurID, sued Apple and Visa on Sunday, arguing that the Apple Pay digital payment technology violates its patents.

The lawsuit, filed by Universal Secure Registry in Federal District Court in Delaware, says that its chief executive, Kenneth P. Weiss, received 13 patents for authentication systems that use a smartphone, biometric identification such as a fingerprint and the generation of secure one-time tokens to conduct financial transactions.

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Boston Firm says Apple Pay Violates its Patents

By | Media

May 22, 2017 – The Boston Globe by Vindu Goel

A small Boston company, founded by the inventor of a popular corporate encryption technology called RSA SecurID, sued Apple and Visa on Sunday, arguing that the Apple Pay digital payment technology violates its patents. The lawsuit, filed by Universal Secure Registry in Federal District Court in Delaware, says that its chief executive, Kenneth P. Weiss, received 13 patents for authentication systems that use a smartphone, biometric identification such as a fingerprint and the generation of secure one-time tokens to conduct financial transactions.

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Universal Secure Registry Files Complaint Against Apple Inc. and Visa Inc. for Patent Infringement

By | Media

BOSTON – (May 22, 2017) – Universal Secure Registry™, LLC (USR) a small Boston area company, filed a complaint in United States District Court for the District of Delaware challenging two of the world’s largest companies, Apple Inc., and Visa Inc., as well as Visa Inc.’s subsidiary Visa U.S.A. Inc., in a lawsuit alleging they infringed seminal patents for electronic payments and identity authentication that paved the way for their mobile payment platforms.

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Father of RSA tech has new way to secure your computer — using your smartphone

By | News

February 24, 2014 – Boston Business Journal (bizjournals.com – techflash)
Ken Weiss founded the company now known as RSA and invented its signature security product, the widely used authentication token SecurID, more than two decades ago. But that was long before the emergence of the smartphone — a device that could make authenticating yourself radically more secure and convenient, Weiss said in an interview.

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The Quest For a ‘friction-less’ Authentication System

By | News

January 24, 2014 – Secure ID News by Zach Martin
Kenneth Weiss, developer of the token-based authentication technology that became RSA’s SecurID, is working on a smart phone app that would enable users up to three-factor authentication to a laptop or PC – with no additional hardware. “You’re protecting your device with something you already have,” says Weiss, now founder and CEO at Universal Secure Registry.

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Universal Secure Registry Issued Game-­Changing Identity Authentication Patent

By | News

Boston, Mass. – December 17, 2013 – Universal Secure Registry™, LLC (USR), an identity authentication company, today announced that the United States Patent and Trademark Office has issued US Patent No. 8,613,052 covering breakthrough technology allowing individuals to conveniently and securely authenticate their identity via their smartphone. The proprietary technology is part of a family of recently-issued patents that represent a revolutionary way for individuals to conveniently authenticate their identity remotely, wirelessly, continuously, and with greater security than any other available solution.

Read the Full Press Release Here

The Morning Download: Innovators Respond to Cybersecurity Threats

By | News

December 17, 2013 – The Wall Street Journal By Michael Hickins, Editor
New innovations are coming to market in response to escalating cyberattacks from a range of criminal gangs, political groups and even nations. Kenneth P. Weiss, the entrepreneur who invented the computer password fobs that millions of people carry with them daily, tells CIO Journal that he has received a patent on a next-generation cybersecurity system.

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Leather Bound

By | News

September 2011 – Smart Money: The Wall Street Journal Magazine by Charles Passy
A surprising number of Americans are lugging around wallets fatter than their family pets. Here’s why those hefty billfolds can drag you down–and what to do about it.

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Is 4 Better Than 3? Making Mobile Payments

By | News

August, 31, 2011 – Biometrics Security News and Information by Ravindra Das
As we continue to break away from the traditional brick and mortar ways of shopping, and continue with the trend of online shopping most notably from our Smartphone, the fears of making sure our payments and private/confidential information are secure and are accurately received by the vendor or retailer with whom are making the purchase from becomes even greater.

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Universal Secure Registry Issued Key Electronic Wallet Patent

By | News

August 24, 2011 – Reuters Online
Universal Secure Registry(TM) LLC (USR), an enabling mobile payment security technology and identity authentication company, today announced that the United States Patent and Trademark office issued the company patent US 8,001,055 B2 on Tuesday, August 16, 2011, covering key aspects of USR’s proprietary technology for secure financial transactions.

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USR receives patent for secure transactions

By | News

August 24, 2011 – Third Factor
Universal Secure Registry LLC (USR), a mobile payment security technology and identity authentication company, announced that the United States Patent and Trademark office issued the company patent US 8,001,055 B2 on covering key aspects of the company’s proprietary technology for secure financial transactions.

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Mobile wallets need security to stop hackers

By | News

July 4, 2011 – The Boston Globe by Scott Kirsner
Kenneth Weiss believes two things:
1. Our mobile phones will soon do the job of all of those rectangular pieces of plastic that crowd our wallets, whether Charlie Cards or AmEx cards.
2. Securing our phones, and protecting the wireless transactions they engage in, will require a high grade of authentication…

Read the Full Article Here

INTERVIEW: Hold the Google phone! Is NFC actually secure?

By | News

June 30, 2011 – Global Security Pipeline by Hollie Slade

Investors are falling over themselves to invest in mobile payments. …

However, a pertinent question remains. Is the technology actually secure? Kenneth Weiss, inventor of the SecurID tokens, whose technology is relied upon by more than 100 million people, Fortune 500 companies, as well as corporations, consumers, governments, and banks in more than 30 countries, told Global Security pipeline in an exclusive interview that he doesn’t think so.

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Inventor of SecurID token has new authentication system: Kenneth Weiss says technology designed for mobile phones, payments and the cloud

By | News

June 29, 2011 – Network World by Ellen Messmer
The inventor of the two-factor authentication SecurID token says the latest technology he’s come up with is better because it can be used with a voiceprint biometric, plus it can be deployed for purposes of secure authentication in mobile phones, payments and cloud computing.

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SecurID Inventor Launches Mobile Payment Technology Offering

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June 27, 2011 – Security Week by Mike Lennon
Universal Secure Registry LLC (USR), a mobile payment security technology and identity authentication company founded by Kenneth Weiss, the inventor of the technology behind the SecurID tokens now owned by RSA, today announced licensing availability of its patented electronic wallet technology to third parties including credit card companies, wireless carriers, banks, retailers and others.

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Universal Secure Registry Offers Mobile Payment Security to Third Parties: Enabling Technology for Electronic Wallet Is Fast, Convenient, Secure

By | News

June 27, 2011 – Yahoo! Finance
Universal Secure Registry™ LLC (USR), an enabling mobile payment security technology and identity authentication company, today announced the availability of its USR electronic wallet patented technology to third parties including credit card companies, wireless carriers, banks, retailers and others for licensing.

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Can Kenneth Weiss, founder of Security Dynamics, become a key player in mobile payments?

By | News

June 27, 2011 – Boston.com by Scott Kirsner
Kenneth Weiss believes two things:
1. Our mobile phones will soon do the job of all of those rectangular pieces of plastic that crowd our wallets, whether Charlie Cards or AmEx cards.
2. Securing our phones, and protecting the wireless transactions they engage in, will require a high grade of authentication…

Read the Full Article Here