Technlogy & IP for Electronic Payments
Elfpoint develops Technology and Intellectual Property. The current portfolio consists of six patents (4 issued, 2 pending) and working prototypes thereof.
At the heart of our patents is a federated or decentralized payment architecture based on a store-and-forward payment bus that externalizes and routes payment requests from merchants to customers, enabling the customer to pay any payment request (physical or online) from any device.
The concept has been extended to vending devices (traditional vending machines as well as checkout systems and kiosks) so that they can accept mobile payments without any payment machinery or even without a network connection.