Who We Are
Latest SecuredPay and industry news on Facebook.
SecuredPay’s pionering efforts and early vision focused on addressing real-world security concerns. Roy T. Nelson, co-founder of the Melting Pot - a national fondue restaurant chain, wanted to protect his restaurant customers from the theft of their credit and debit card information while they were paying for their meals.
He was concerned that the standard practice of giving one’s credit or debit card to a server could lead to the theft of their payment card information. Aside from simply writing down the customer's card number, one of the most common forms of theft occur through what is referred to as "skimming" – the practice by which the server would take the card to the back room and "copy" the card’s magnetic strip information to another device; thereby allowing the thief to create a forged duplicate of the card.
SecuredPay went on to produce a wireless mobile payment device that stopped "skimming" and coined the phrase: "Payment without the card ever leaving the customer’s hand".
SecuredPay’s early long term vision and technical savvy resulted in being awarded two Payment Card Industry (PCI) certifications as well as four industry critical U.S. patents.
As defined by the U.S. Patent and Trademark office, this patent "...issued for the invention of a new and useful process, machine, manufacture, or composition of matter, or a new and useful improvement thereof, it generally permits its owner to exclude others from making, using, or selling the invention for a period of up to twenty years from the date of patent application filing." This clearly shows that the intellectual property owned by SecuredPay in the right hands, can be highly disruptive and pivotal to the entire mobile payment industry.