PCI-PAL Shares Rise on U.S. Patent Approval
22 Marzo 2022 - 3:17AM
Noticias Dow Jones
By Joe Hoppe
PCI-PAL PLC shares rose Tuesday after it said it has been given
grant approval for a patent in the U.S. for the key processes used
in its global secure-payment platform, PCI Pal.
Shares at 0827 GMT were up 9.0 pence, or 16%, at 64.5 pence.
The payment-card data-protection company said the patent covers
PCI Pal Agent Assist deployment methods and, in particular, covers
its core innovation that allows its Agent Assist product to
interact with phone calls in a noninvasive way.
The company said this was the first in a number of pending
patents around the world to achieve grant-approval status.
During the application process, along with the U.S. Patent
Office's own prior reviews, PCI-PAL has referred a number of
competitor patents to the patent office for review, including all
U.S. patents owned by Semafone Ltd., PCI-PAL said.
Semafone filed a lawsuit in September against PCI-PAL over
alleged patent infringement. PCI-PAL said in November it had filed
its U.K. defense and counterclaim, and applied to a U.S. court to
invalidate a patent.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
March 22, 2022 05:02 ET (09:02 GMT)
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