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June 26, 2013

Identive Gets Two New Patents, Mobile Two-Factor Authentication Now Possible Without Apps

Identive Group, Inc., a company that provides identification, security, and RFID industry products, just got the green light on two patents that will add to its already growing near-field communication (NFC) technology portfolio and further galvanize its position as a company that provides mobile security solutions.

Joseph Tassone, VP of technology and product management for Identive, said, “Our R&D strategy is to develop and innovate ahead of market acceleration so we can participate in and shape new market opportunities as they emerge. These two new patents are examples of the significant investments we are making in core NFC, cloud, and security technologies that underlie early but growing trends around the use of mobile phones for secure applications such as banking, payment, and identity management. We are committed to maintaining a high level of technology development that supports Identive's goal to become the signature company in Secure ID. In April, we secured a funding agreement of up to $20 million over the next three years to support our R&D and new market growth efforts.”

One of its patents, U.S. Patent 8469281, is the answer to the problem of attaching NFC and RFID tags on metal objects. It uses special magnetic shields that allow them to function regardless of what material they stick to. This also allows people to attach them behind smartphones, allowing them to augment the phones with NFC communication abilities. This new capability will allow mobile users to complete payments more easily and in a more secure environment as opposed to an app. At this point, banks, mobile service providers and other types of companies across the globe are using this technology from Identive to provide straightforward mobile payment solutions.

Identive's other little miracle is an integrated two-factor authentication (2FA) solution, which allows NFC smartphones to generate one-time passwords (OTPs) that help users authenticate into secure websites or networks. This groundbreaking technology requires no apps or software to work.

Edited by Ryan Sartor

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