AllCom
Files Patents for the Unified Phone Number “UPN”,
a Single Identifying Number to Establish Connection with Any Firm,
Person, or Entity for Processing Secure Payments
The
UPN technology can connect to multiple information systems
simultaneously to provide almost any desired service, from telephony,
banking and financial services, to retail purchasing, travel and
entertainment
The
UPN invention allows a subscriber to use their phone number as a
single identifying number, to begin and complete a wide variety of
communications and financial transactions, in real-time with complete
security. UPN subscribers can conduct business with anyone in person,
by phone, by email, over the internet using any web enabled device,
or by any communications medium yet to be invented.
“The
UPN will be a major game changer in the transaction processing world,
it’s like being able to conduct business in multiple parallel
universes simultaneously”, said Thomas E. Skala, AllCom’s CEO.
“The UPN is not a credit card and it’s not a debit card, it is a
phone number that can facilitate secure peer-to-peer, real-time cash
payments online. When using a UPN account on the telephone, online,
or in a retail environment, the purchase is treated as a traditional
cash purchase, but with the payment processed as an electronic
credit”, continued Thomas Skala.
AllCom
allows subscribers to make payments to and accept payments from third
parties, online or by phone. Payments are processed electronically as
peer-to-peer, cash transactions, and are not subject to traditional
credit card merchant processing rules and regulations. AllCom is a
Payment Service Provider and not a money services business (MSB), or
a credit or debt collection agency”, continued Thomas Skala.
“The
UPN itself is a telephone number unified on our platform with
applications, merchants and service providers, transacted by AllCom
in the Genie Cloud” said Randall Skala, AllCom’s Vice President
and COO.
“After
connecting the UPN to a given service, the UPN subscriber may
initiate a transaction with that service provider. Transactions
can be used to purchase almost anything. With a telephony service,
the transaction might be to place or receive telephone calls. With an
entertainment service provider, it might be to purchase theatre
tickets”, added Randall Skala.
“UPN
consumer accounts will be priced at $12 a year, and will include a
Genie eCash Card with calling card features, an unique toll free
number, voicemail, and a GenieMessenger Premium with free, unlimited
inbound text messaging, from anywhere, worldwide” concluded Randall
Skala.
