PayRange Inc. is a maker of mobile payment solutions for amusement and vending machines, who has recently been awarded with two additional patents that cover inventive portions of their technology.
The first patent covers their "Offers" platform, a method for providing different offers on vending machines via the PayRange app and barcodes; while the second covers a method for retrofitting offline machines to allow them to accept electronic payments without being connected to a network.
"The ability to retrofit existing offline machines for electronic payment via mobile is crucial to updating an installed base of millions of machines throughout North America," said the firm. "It's simply impractical to replace these machines, but as cash and coin usage continues to decline, the patented solution for a retrofit device allows machine operators to keep their machines economically viable."
PayRange has 24 other filed and/or issued patents to its name and assert that these patents, including the most recently awarded, demonstrate the company’s ability to sustain innovation as an industry leader.
For more information on the company, visit www.payrange.com