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MCE123 - Technology Development

Modernization of Chip Feature at Checkout

A way to upgrade the security of the chip feature at the checkout stand would be to implement a public and private system that shares information about facial recognition with private industry closed circuit TV systems, for verifying the identity of the account holder with the financial institution that issued the card. This would virtually eliminate all fraud in the retail sector, for those purchases that are made in a store. The technology could also be adapted to require a video feed with a special type of video camera that verifies the location of the consumer at their computer based on GPS data, and then sends the video to be verified in real time by the financial institution, so that this would eliminate almost all possibilities of financial fraud with regards to online sales, or other sales placed over the phone or through the Internet.

Intellectual Property Rights Management

MCE123SM Intellectual Property Development

MCE123SM invents original concepts for new high-tech technologies in our Technology Development department that can be purchased by other organizations to develop into physical products. Before you invest any time or money into refining or producing any invention that is in relation to anything you view on our website, please consult with our Legal Department. You must purchase all intellectual property relating to a technology concept before you begin work on any of our products. Failure to do so will result in Intellectual Property Theft lawsuits and cases to compensate our company for intellectual and monetary damages that we have incurred due to any third party developing any of our products.

This Intellectual Property is owned by MCE123SM Technology Development. By viewing this Intellectual Property, you agree to the rights of the IP holder established under the Intellectual Property Rights Management agreement. To use the Intellectual Property, you must first obtain an Intellectual Property license, and you must pay royalties for each product that is produced using the Intellectual Property license.


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