News

Patent auction to offer up ATM intellectual property rights package

An upcoming intellectual property auction gives bidders the unusual opportunity to become their own ATM patent assertion entity.

August 21, 2014

ICAP Patent Brokerage has announced a series of intellectual property auctions focused on the financial and banking industries. The first of these is a live, online auction on Oct. 23, according to a press release from ICAP.

Patents for sale in this auction include: improved ATM systems; mobile payment and payment-gateway systems; enhanced methods of security; new trading and regulatory methods; trademarks; and big data analytic tools.

"These portfolios contain ground-breaking, next-generation technologies," said Dean Becker, CEO of ICAP Patent Brokerage. "These essential innovations are already redefining business and consumer expectations of financial services and payment systems."

Potential buyers will have the opportunity to interact directly with the inventors of some portfolios in a due diligence series. The series will feature direct Q&A sessions providing informed insights into the assets, ICAP said.

Interested investors may contact ICAP chairman Doug Rhoten.