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1 results about "Open communication" patented technology

In business, open communication (or open access to communication resources) is the ability of anyone, on equal conditions with a transparent relation between cost and pricing, to get access to and share communication resources on one level to provide value added services on another level in a layered communication system architecture. Simply put, Open access plans are to deregulate oligarchy of telecom operators in a bid to give consumers more choices for equipment, services and service vendors or carriers. It will also provide some breathing room for the controversial Net neutrality that has been the central issue between mobile carriers, like AT&T, Verizon and Sprint Nextel, and web media moguls, like eBay, Amazon.com and Google. True open communication is where employees are encouraged to share their thoughts and concerns, both good and bad, without the worry of retaliation from management when the feedback is bad.

Method, device and system for securing payment data for transmission over open communication networks

ActiveUS20130191290A1Minimize the numberOpportunities decreasePoint-of-sale network systemsSecuring communicationData connectionPayment
A method for securing payment data for transmission over open communication networks is disclosed. The method comprises establishing a data connection between a first and a second transceiver device, the first transceiver device configured as a merchant device and the second transceiver device configured as a customer transceiver device. The merchant device transmits a first data package which comprises a unique merchant identifier and transaction request data, to the customer transceiver device over the data connection. The merchant device receives a cryptogram from the customer transceiver device. The cryptogram having been generated from using a secret key and a counter value together with the received unique merchant identifier and the transaction request data. The method comprises forming an authorisation request comprising the received cryptogram, merchant identifier and the transaction request data and submitting said authorisation request to at least one of an issuer and an acquirer to facilitate authorisation and processing of said transaction request data.
Owner:BLUECHAIN PTY LTD
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