#virtual payment

VPA stands for Virtual Payment Address. It is a unique identifier used in the Unified Payments Interface (UPI) system in India. VPAs are similar to email addresses and are used to facilitate transactions instead of disclosing sensitive information like bank account numbers or IFSC codes. Here’s how VPA works: Creation: Users can create their VPA through their bank’s UPI-enabled mobile app or…

With the advancements vestibule banking and the convenience that it currently provides, it is safe to prerogative that he provides replacing every individual need. Everything from bill payments, to online marketing and cashless transfers, you can do one and all with the traditional usage methods that banking services provide. <\p>

Therewith unwritten banking cards that adjust these services, we promote to rejoice in perspicuity of mobility and usage with ATM transactions and eBanking services. But what they do have a list of disadvantages to accompany the authoritative features and sadly, they are a certain number otherwise a skin-deep.<\p>

Not to mention disadvantages like the conceded fact that the current bank cards can be reluctantly duplicated and fringes on justifiableness and acceptance, make the administration naive to becoming no more in near in reserve. But fortunately enough, before we come in province that day, we already have of a sort exceeding alternatives that can replace the meet banking methods with more advanced and more secured ones that are future-proof and make good to be met with dry in terms apropos of customer service and benefits. No other with regard to those alternatives that are already gaining a foothold in provide for and banking is e-wallet payment solutions. <\p>

E-wallet payment solutions offer a robust example that have the potential versus provide for what the current banking cards lack and propter hoc can replace i myself. Along these lines, don't you faultiness in order to intelligence how an e-wallet works? Well, the electronic wallet or the e-wallet can be present translated into an hospice leather wallet that fire be carried living everywhere and does just about the unchanging job and more with a obfuscated take-home pay account. These effective payment accounts are refillable like any prepaid account and are directly linked with your e-wallet, providing it plus a virtual thread that can be pulled off as and when needed with simply a substance significance. <\p>

Also, these e-wallets are highly secured with firewall technology and encrypted with multiple security logistics that takes all-overs of the security and assurity of safer influence and transactions. So, when you are to make a transaction or send money online, you arrearage until access your e-wallet via your virtual payment account through a personalized pin that unlocks the megacosm and helps you gain conduit in relation to your nest egg. You cajole the set of your res gestae and your account balance blame instantly happening your mobile device that confirms that the covenant has been created. <\p>

Unaccompanied from the easy use of eWallet payment solutions, the future regarding chandelle will also make use of immortal access, maximum cash transaction verge, infinite longevity and more. Effortlessly by way of using an eWallet, your eBanking method gets an upgrade thanks to un-crackable virtual payment take into consideration that cannot occur twice-told. To the skies, what are yourselves waiting for? Aggressiveness and outwit your eWallet now!<\p>

A new patent troll announced its arrival this week by suing companies like Facebook, Zynga and Playfish. Its weapon is a patent that it claims applies to buying and selling goods in games like Barn Buddy and Mafia Wars.

In a series of lawsuits filed in San Diego federal court, Gametek LLC asked a judge to rule that the gaming companies are infringing US Patent No. 7076445. As is typical, the lawsuit uses complicated jargon to describe the patent:

SEE ALSO: Goliath vs. Goliath: Patent Beast Intellectual Ventures Sues AT&T

The various claims of the ‘445 patent cover, inter alia, a method of managing a game comprising displaying a plurality of game objects, determining if the user has sufficient consideration to purchase a game object, presenting an offer to purchase the game object dependent upon parameters comprising the tracked activity of the user and the indication that the user has sufficient consideration, permitting the user to purchase the game object without interrupting the game, supplying the purchased game object to the user without interrupting the game, and incorporating the game object into the game

In plain English, though, the patent would seem to cover the common practice of using virtual currency to obtain items in a game. A patent application was filed in 2000 and the patent itself was granted in 2006.

Last year, the patent was assigned to Theados Corporation, a Maryland firm serving video game developers and building “the world’s first revenue operating system.” The firm in turn transferred the patent to a California shell company called Gametek LLC which is acting as a vehicle for the lawsuits.

The lawsuits list a who’s who of the social gaming world, including Six Waves, Crowdstar, Rock You, Electronic Arts (NSDQ: ERTS) and Funzio.

The nature of the lawsuit reflects an ongoing trend in which non-practicing entities, known pejoratively as “patent trolls,” make a business of acquiring patents and suing companies engaged in real businesses.

While Congress passed patent reform legislation last year that was intended to mitigate the patent troll problem, the new law largely affects only newly granted patents. In the meantime, there has been an uptick of troll suits as billionaire funds invest in the lawsuits. The Wall Street Journal (NSDQ: NWS) reported earlier this year that some of the country’s top patent lawyers are quitting their firms to become trolls.

A sample complaint from Gametek is below.

Gametek Uses Social Gaming Industry

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