News Details

CHRIS BURKE ADDS NEW PATENTS FOR MICROLATCH LIMITED HK

CHRIS BURKE REFRESHES OLDER MICROLATCH AND SECURICOM PATENTS FOR NEW ADDITIONS TO THE SUITE IN MICROLATCH LIMITED (HONG KONG)

 


 

1 Summary of document.

 

This document describes Chris Burke’s and Microlatch Limited (Hong Kong) latest patents focused in the financial payments sector and overarching older outdated patents of both Microlatch and Securicom.  The new patents outweigh the older patents as they are focused in the contactless card/credential application sectors, primarily in payments or combination payment, identification and access.  The contactless payment arena (pay and wave), alongside health sector create the largest burgeoning and most valuable technology sectors in the world today, which includes mobile phones and contactless cards/credentials, both integrating NFC (Near Field Communications).  Mobile phones will comprise approximately 30% of the payments conducted in this sector and contactless cards/credentials the remainder.  Microlatch Limited in Hong Kong holds the new suite of patents in its own right and is a long-standing contactless card/credential manufacturer.  Microlatch Limited is the exclusive licensee of both Microlatch P/L and Securicom (NSW) P/L patents.

Chris Burke's new patents creates a much more valuable portfolio in addition to the Microlatch Hong Kong exclusive license agreements.  The new direction is to gain more focus on health and payments, ApplePay, GooglePay, SamsungPay, WeChatPay etc. in their current operational formats, including with QR Code generation and display.  The new patents will describe the ApplePay process from a mobile device or credential with more pertinent patent-claims.  All new patents from Chris Burke will substantially add to the older patents, including One Time Password integration and display in a mobile computing device.  The new patents will include an additional 20+ year life span, whereas some of the Securicom (NSW) P/L patents are nearing end-of-life.  Microlatch Limited (Hong Kong) has exclusivity of the entire patent portfolio to exploit or sub-license.

 

2 Microlatch Technology Review, BIOFOB - BIOCARD to secure NFC

 

BIOFOB, BIOCARD, is a global product trade name of Microlatch Limited (Hong Kong) products that are owned and licensed from Microlatch and Securicom.  RBS (Royal Bank Scotland) recently released biometrics keyfobs for trial in the UK and acceptance has been reported as above expectations.

Signatures and PINs (Personal Identification Number) are not practical for ‘touch’ or ‘wave’ payment systems and totally insecure.  The only secure and convenient methodology to combine security for the user and ease-of-use, is by implementing biometrics identification within the mobile product.

 

The mobile payments acceptance and acceleration in the market is only limited by the security that can ensure users are not open to theft of mobile devices with NFC (Near Field Communications) chips inside that effectively operate as electronic cash storage.  The demand will be exponential for a new type of e-signature or electronics signature, which can secure the NFC payments and add authentication to the process of ‘topping up’ the NFC chip inside the mobile phone.

As mobile phone and card/credential payments proliferate, there will be an associated increase in fraud and theft, therefore Microlatch BIOFOB and BIOCARD will fulfil a very important role in securing and identifying the users and within the existing infrastructure.

By swiping their finger on the BIOFOB or BIOCARD the user can perform a host of tasks such as payment authentication, OTP (one-time password) generation, online account login, file access, device lock-down and NFC authentication for access control.

 

  • Enrolment of the device and template management is performed within the product, no external pc management systems or connectivity is required.

 

  • Miniature footprint, Microlatch has miniaturised the solution, therefore offering enhanced carry options for owners.

 

  • Metal casing, superior looks, re-chargeable batteries with three months operating performance, Microlatch has created an attractive, miniature and highly desired product, similar to iPOD.

 

  • Flexible, Microlatch has considered the operation of the BIOFOB and BIOCARD for multi-use applications, therefore a visual display is an optional addition, and this can display images in colour and show the One Time Password for secure online applications, including banking.

 

In summary, Microlatch Limited (Hong Kong) are the leaders in biometrics technology for completely stand-alone operation and have created a family of products to offer customers maximum flexibility in an attractive format.  The keyfobs in metal surrounds were the first release of keyfobs in such stylish protective cases in 2006, offering new–high-tech looks and robust performance, plus strength of materials and longevity of life.  Microlatch Limited are leading the world in product performance, security and attractive looks, making customers feel secure whilst allowing multi-function use.

 

 

 

2.1 Microlatch Biometric tokens (card) offering overview

 

2.1.1 BIOCARD Basic design



Overview:

A biometric enabled smartcard that follows smartcard standards. Compatible with existing smartcard readers deployed worldwide (ATM, POS, PC Readers etc…).

The use of biometric recognition allows to identify the user to unlock the cards functionalities in a secure and convenient manner.

Contact and contactless capabilities.

 

Functionalities:

Secure element: secure storage of data or secrets to enable a transaction.

Contact Mode: the card is inserted in a contact smartcard reader. Upon positive fingerprint recognition the smartcard allows access to secure element. And allows the reader access to its data.

Contactless Mode: Upon positive fingerprint recognition the secure element allows a wireless transaction to take place.

 

Use cases:

Physical access control: Using contact or contact less interface to gain access to facilities. Only the rightful user can gain access via his fingerprint.

Credentials verification (e-wallet): Unlocking personal information stored in the card. Healthcare or ID cards

Open and close loop payments: secure payment transactions and/or close loop transactions (loyalty schemes for instance)

 

2.1.2 BIOCARD OTP design

 

Overview:

A biometric enabled smartcard that follows smartcard standards. Compatible with existing smartcard readers deployed worldwide (ATM, POS, PC Readers etc…).

The use of biometric recognition allows to identify the user to unlock the cards functionalities in a secure and convenient manner.

Contact and contactless capabilities.

One-time password (OTP): A one-time password can be generated and displayed on a screen built in the card.

 

Functionalities:

Secure element: secure storage of data or secrets to enable a transaction.

Contact Mode: the card is inserted in a contact smartcard reader. Upon positive fingerprint recognition the smartcard allows access to secure element. And allows the reader access to its data.

Contactless Mode: Upon positive fingerprint recognition the secure element allows a wireless transaction to take place.

One-time password generator: allows the use of the card as a secure OTP token.

 

Use cases:

Physical access control: Using contact or contact less interface to gain access to facilities. Only the rightful user can gain access via his fingerprint.

Credentials verification (e-wallet): Unlocking personal information stored in the card. Healthcare or ID cards

Open and close loop payments: secure payment transactions and/or close loop transactions (loyalty schemes for instance)

Internet Banking/secure IT access: A biometric secured OTP generation allows access to online critical services.

 

3 In the News

 

Biometric authentication for mobile payments to

Microlatch News

Biometric authentication will be used in $2.5 trillion in mobile payments by 2024, an increase of nearly 1,000 percent from $228 billion in 2019, driven by the rise of WebAuthn standards adoption, according to a new report from Juniper Research.

The Mobile Payment Authentication & Data Security: Encryption, Tokenisation, Biometrics 2019-2024 report suggests that 90 percent of smartphones will have dedicated biometric hardware by 2024, but less than 30 percent of them to be used to authenticate contactless payments, due to the use of contactless cards.

The report covers tokenization for contactless and remote payments, fingerprint, facial, iris, and voice biometric modalities, considers eight key regions and a dozen important country markets. Hardware and software-based facial recognition are gaining ground on fingerprint authentication for payments, and Juniper believes smartphone biometrics based on cloud software will become as popular as those based on hardware within the next five years.

Several different payment standards will also drive mobile biometrics use, including 3D Secure 2.0, which requires two-factor authentication.

“Biometrics has traditionally been used for in-person contactless payments,” remarks research author James Moar. “However, with an increase in the need for smooth authentication on all mCommerce channels, we anticipate over 60 percent of biometrically-verified payments will be made remotely by 2024.”
Because iOS does not support WebAuthn, the report forecasts mobile payments with biometrics on non-iOS devices are expected to increase at double the rate of iOS device biometric payments.

Earlier this year Goode Intelligence forecast mobile biometric payments to reach $1.67 trillion by 2023, and eBay is an example of a retailer very recently increasing biometric support, though for sign-in.

Source: Biometric Update 

 

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