Semafone and Eckoh agree to settlement

 

Guildford, Surrey, 19th March 2015 – Eckoh plc and Semafone® have agreed to a confidential settlement of their dispute over alleged infringement and invalidity of Semafone’s UK Patent (No. GB 2,473,376), to the mutual benefit of both parties.  Under the settlement, Semafone has granted a worldwide licence to their granted patents, trademarks and patent applications covering certain dual tone multi-frequency (“DTMF”) masking methods of taking secure payments over the phone, for the benefit of Eckoh, its customers and suppliers. In consideration of the licence, Eckoh will pay Semafone royalties in respect of the patents.

ENDS

About Semafone
Semafone provides software to contact centres so they can take secure credit and debit card payments over the phone. Using Semafone’s patented payment method, card data is transmitted directly from the customer’s telephone keypad to the bank. This takes the contact centre out of scope of PCI DSS regulations, removing the threat of fraud and its associated reputational damage.

Semafone has achieved the four leading security & payment accreditations: ISO 27001:2013, PA DSS certification for its payment solution, PCI-DSS Level 1 Service Provider and is a Visa level 1 merchant agent.

The company was founded in 2009 and serves a wide range of industry sectors including financial services, media, retail, utilities, travel and tourism and the public sector. Customers include Virgin Holidays, Aviva Canada, TalkTalk, Nemo Personal Finance, Sky and Yorkshire Water. BT offers a hosted version of Semafone’s technology – BT Secure Contact. Semafone has recently completed a series B round of investment – major investors include Octopus Investments and BGF (Business Growth Fund).

Further information about Semafone is available at www.semafone.com.

Semafone and Secured by Semafone are the registered trademarks of Semafone Limited.

For more information please contact:
Xanthe Vaughan Williams/Flo Levy
Fourth Day Public Relations
Tel: 020 7403 4411
Email: xanthe@fourthday.co.uk / flo@fourthday.co.uk

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