March 2, 2012
InComm, a prepaid product and transaction services company, has announced that InComm Japan has received a patent for its "Value Insert" Radio Frequency Identification (RFID) solution.
According to the company, InComm's new patent is for technology that makes reading an RFID card by a point-of-sale cash register more effective. RFID involves reading identifying information from chip tags with close range electromagnetic or radio communications.
"RFID technology continues to expand globally, and manufacturers, service providers and retailers are using it for distribution as well as payments," said Frank Monaco, vice president, international, InComm. "RFID payment technology is advanced in Japan, so having our intellectual property recognized there is a significant accomplishment. We look forward to creating strategic partnerships with Japanese businesses interested in benefiting from the efficiencies our technology provides."
InComm said it plans to expand its RFID services, including assisting companies building their own RFID card-related businesses.