Seminal Internet Enabled ATM (Automated Teller Machine) Patents Available Now from ICAP Patent Brokerage

These exciting assets represent the convergence of the ATM, the most important development in financial services in the past 25 years, and the Internet, the most important technological innovation of our time.

ICAP Patent Brokerage announces for sale assets which comprehensively protect an integrated banking and transaction system, which allows consumers access to a plurality of goods and/or services via traditional ATMs over the Internet. This IP package is available from Automated Transactions, LLC, as part of the Financial Auction Series, with a bidding deadline of December 4th, 2014.

“These exciting assets represent the convergence of the ATM, the most important development in financial services in the past 25 years, and the Internet, the most important technological innovation of our time,” says Dean Becker, CEO of ICAP Patent Brokerage.

Key Characteristics & Benefits

The most important recent advance in ATM technology was the adoption of the TCP/IP Protocol suite. ATMs can now connect and communicate globally using IP-enabled technologies and applications for fast systematic sales of convenient retail products and services. This collection of assets comprehensively protect an integrated banking and transaction system, where consumers can access a plurality of goods and/or services via traditional ATMs using Internet technologies. Broad claims cover a variety of network interfaces, as well as currency accepting and dispensing of both traditional paper cash and electronic currencies, such as Bitcoin, wirelessly or to a smart card for example. These integrated systems generally avoid duplicating hardware or functions in the course of delivering the goods or services offered.

This patent portfolio of 28 US patents and 2 pending US applications began with the invention being reduced to practice in late 1994 and now has over (US) $15 Million invested in R&D and IP protection. A licensing program began in 2012 generating $3 Million and 200 licenses from a pool of >14,000 FI’s. The current US retail ATM marketplace is reasonably estimated to be over $50 Billion annually, with over 1.25 billion visits to ATMs each month at an average of >$4 per retail transaction from the 425,000 U.S. ATMs.

The patents in this portfolio have been cited by industry leaders such as Accenture, Bank of America, Diebold, JPMorgan Chase Bank NA, NCR and Microsoft Corporation.

See the technical description of the automated teller machine IP sales offerings.

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About ICAP Patent Brokerage

ICAP Patent Brokerage is the world's largest intellectual property brokerage, live patent auction, and sealed-bid patent auction company, leveraging the talents of experienced patent brokers to match buyers and sellers for the sale of patents and other intellectual property assets. With multiple transaction platforms and unparalleled industry knowledge, including experience with trademarks, brands, intellectual property licensing, and UCC sales, ICAP Patent Brokerage is the global leader in the transaction of intellectual property.

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