This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Finsphere Awarded US Patent Recognizing Innovation In Mobile Identity Authentication









BELLEVUE, Wash., Feb. 13, 2013 /PRNewswire/ --  Finsphere Corporation, a leading provider of identity authentication analytics, announced today the issuance of US Patent Number 8,374,634 by the United States Patent and Trademark Office (USPTO) for system and method for automated analysis comparing a wireless device location with another geographic location.

Bolstering Finsphere's founding vision, patent no. 8,374,634 fortifies the company's market-leading position to utilize mobile app-based and network-based mobile device geo-location data and other mobile attributes to reduce inaccurate credit/debit card denials and more accurately assess fraud associated with financial and other types of transactions.

"We are very excited today as this patent is the first of more than a dozen patents that Finsphere has filed to date and covers a key component of Finsphere's value proposition," said Michael Buhrmann, CEO of Finsphere. "With the transition to new digital and mobile payment schemas, the need to authenticate whether the person making a transaction is the correct individual is becoming progressively more critical in order to protect privacy, security and assets of the user and provider companies."

Finsphere was founded on the simple yet powerful vision that a mobile phone, acting as a proxy for an individual's identity, can be used to authenticate risk-based events such as financial transactions, online login attempts, physical access, and more.   Patent no. 8,374,634 represents the sixth issued patent in Finsphere's growing intellectual property portfolio.

About Finsphere CorporationBased in Bellevue, Washington, Finsphere was founded in 2007 to enable wireless carriers and enterprises to help protect their customers through identity authentication services. With its patent protection, Finsphere utilizes sophisticated analytics that provides a platform and applications for non-intrusive, privacy enhancing services to authenticate transactions across all industry segments. Finsphere is a privately held corporation whose major investors include Vodafone Ventures, Mohr Davidow, Shasta Ventures and Frazier Technology Ventures.  For more information, visit  www.finsphere.com.



1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,067.56 -30.89 -0.18%
S&P 500 2,002.28 -1.09 -0.05%
NASDAQ 4,598.1880 +17.9170 0.39%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs