CenPOS announces patent award from the United States Patent and Trademark Office for cash management optimization of payment processing.
Miami, FL (PRWEB) November 19, 2013
CenPOS, a cloud-based intelligent end-to-end payments platform, announced today that the company has been awarded a patent from the United States Patent and Trademark Office for cash management optimization of payment processing.
U.S. Patent number US# 8577730 entitled “Cash Management Optimization for Payment Processing” was awarded to CenPOS for a set of products that use merchant preferences and transaction profiles to manage the expense of payment interchange and provide a method for electronically delivering coupons. Using this technology, businesses can accept any form of payment via websites, store fronts, call centers, and mobile applications to improve customer engagement and simplify reconciliation. The intelligent system closely manages the full lifecycle of each transaction and utilizes advanced risk management and proprietary transaction routing to reduce the total cost of payment acceptance. The issuance of this patent validates the groundbreaking technology that CenPOS provides to a wide variety of industries including automotive, manufacturing, distribution, insurance, healthcare, and others.
“We are honored to receive a U.S. patent recognizing our unique work in payment processing. CenPOS creates an efficient customer shopping experience that correctly applies a merchant’s business practices to improve operational efficiency and reduce expense,” says CenPOS Chief Executive Officer, Christopher Justice. “The technology behind CenPOS is unlike any solution on the market today. The ability of our system to immediately identify the type of transaction and automatically know how to route that transaction at the lowest cost is revolutionizing the way merchants do business across a number of industries.”
CenPOS’ patented technology has been deployed to thousands of merchants nationwide. CenPOS can easily integrate into a variety of leading software applications or can be used as a comprehensive, stand-alone solution to deliver superior workflow and efficiency across multiple channels.
CenPOS is a merchant-centric, end-to-end payments engine that drives enterprise-class solutions for businesses, saving them time and money, while improving their customer engagement. Our secure, cloud-based solution optimizes acceptance for all payment types across multiple channels without disrupting the merchant’s banking relationships. For additional information, please call 877.630.7960 or visit http://www.cenpos.com.
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