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Newswatch: Americas.(Way Systems Inc.'s on guard for its Patents)( U.S. State Department awarded contract to Stanley Inc.)
WAY SYSTEMS WARNS OF PATENT FIGHT OVER MOBILE TERMINALS
Boston-based Way Systems says it has an exclusive license for a patent that covers many of the mobile-phone payment terminals being sold, and that other vendors will have to cut a deal to use the technology or face legal action by the patent owner, UK-based Mobile VPT. Will Graylin, chairman of Way, says the patent covers many small mobile terminals that use cellular networks from such POS terminal suppliers as VeriFone, Hypercom and Ingenico. He says the company might grant sub-licenses to use the technology if competitors would pay to use Way's services for setting up and servicing mobile merchants. Per-unit …
