us patent: Innoviti gets US patent for tech to secure QR communication – Times of India

Innoviti has been granted US Patent for its technology to sSecure QR communication between terminal devices and target systems. With this, the company’s patent portfolio expands to 4. The patent aims to address certain security challenges that arise in push payment systems, where the merchant (payee) identity capture is disconnected from the payment processing step. Most popular payment methods are pull based, e.g., card payments at a store or online, mobile payments online etc.
The merchant sends a debit request to the customer’s bank in a single connection-oriented protocol. The challenges if any arise in validating the authenticity of the customer. However, in push payments the challenges are related to capture of the merchant’s identity. A possible hack of the merchant’s identity and its replacement with a false one can lead to fraudulent transaction. Vulnerable scenarios include: Unassisted QR payments, e.g., vending machines, self-check-out, etc. where an unauthorized random substitution of the QR can cause this issue. Innoviti’s patent aims to address these situations through a technology innovation at the network layer that eliminates this possibility.
Commenting on the development, Amit Ahuja, SVP Technology, Innoviti, said, “Innoviti desires to become the purchase partner to every Indian by helping them make better purchase decisions. We do this by developing sophisticated technology and delivering it through simple, exceptionally crafted purchase experiences. This is hard, very hard to put together. Our patents are a demonstration of the sophisticated technology required to deliver such exceptional experiences.”