This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Imerjn Acquires Patent For Mobile Transaction Processing

Stocks in this article: XUII

LAS VEGAS, Dec. 9, 2013 (GLOBE NEWSWIRE) -- Xumanii (DBA Imerjn) (OTCQB:XUII), announced that it has acquired a patent that enables standards independent transaction processing. The company believes that the patent will primarily be applied to transaction processing in mobile devices but the patented technology is not limited to mobile transactions.

Imerjn has acquired US Patent 7,737,848. The patent title is "Method and middleware for standards agnostic transaction processing". The patent relates to the invention of a methodology that enables standards agnostic transaction processing. The Company believes that the invention will be useful for mobile communications companies, mobile device manufacturers and software companies that provide transaction processing solutions.

Imerjn CEO, Adam Radly, said, "This is a significant milestone in our Company's development. The acquisition of this patent gives us the opportunity to become part of the foundation of the mobile transactions processing industry. As the number of devices that need to talk to each other increases there will be increasing demand for standards agnostic transaction processing."

The patent portfolio covers a middleware that can receive information from multiple input devices using different communication protocols, convert this information into a standard scheme, process it using a set of user-defined codes, and output the information to any output device. The middleware system has potential uses in multiple fields including cellular technology, Bluetooth communication, signal processing, RF communication and many others. The primary advantage of the patented technology is that being standards agnostic does not significantly affect its processing speed or cost.

The technology protected by this patent portfolio can be practically applied to almost every signaling scheme available today. These schemes may include RF signaling (cellular signals, NFC RF signals, Bluetooth signals, RFID tag scanning); visual sensing ( scanning and infrared signaling) and magnetic sensing ( e.g. magnetic strips and smartcards).

One of the potential applications of this technology is the developing "Internet of Things" where  it is expected that every object will become identifiable and capable of communicating information. Governance, standardization and interoperability, however, have to be taken into account to visualize such a system and this patented technology can be of great utility in solving these issues.

1 of 2

Select the service that is right for you!

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 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • 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