Finsphere Awarded US Patent Recognizing Innovation in Mobile Identity Authentication
Patent Aligns Finsphere with Founding Vision of Building Strong Security Analytics for Authenticating Individuals and Transactions
BELLEVUE, Wash., Feb. 29, 2012 -- Finsphere Corporation, a leading provider of identity analytics, announces the issuance of Patent #8116731 by the United States Patent and Trademark Office for system and method for mobile identity protection of a user of multiple computer applications, networks, or devices.
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 high-risk events such as financial transactions, online login attempts, physical access, and more. With patent #8116731, Finsphere is taking the next step in that vision of a unique personal identity value that provides a holistic authentication view to improve decision making and, ultimately, drive improved non-intrusive consumer protection.
"We believe this patent and the personal identification value helps confirm that an individual's automated or electronic transactions are properly verified and protected against fraudulent activity," said Michael Buhrmann, CEO of Finsphere. "This novel technology builds on our founding ideas and is one of the many patents in Finsphere's growing portfolio of unrivaled intellectual property."
About Finsphere Corporation
Based in Bellevue, Washington, Finsphere was founded in 2007 to enable wireless carriers to help protect their customers through identity authentication services. Finsphere utilizes sophisticated analytics to provide a platform for the development of non-intrusive, privacy enhancing services to protect individuals and data across all industry segments. For more information, visit www.finsphere.com.