Integrated Payment Technologie has been granted patent approval for its payment process in the United States.
This process allows unlimited data payments to be communicated to the receiver of the payment via the security of the receiver’s bank account. The data is accessed by a short URL displayed on the bank statement.
It can be used for banking, wealth management, pensions, and financial services.
Chairman Don Sharp is excited about the growing company.
“This is a significant milestone for InPayTech on our journey from early foundations as Payment Adviser Group in 2006,” he said.
InPayTech also has other payment processes for superannuation, payroll deductions, related ATO payments, and internet banking.
Recent patent approvals include South Africa, New Zealand Japan, and Hong Kong with patients waiting in the US, Australia, and Canada.