Comtech Telecommunications Corp. Awarded U.S. Patent for its Innovative Location Trust Score Technology
April 14, 2016 at 10:00 AM EDT
Latest Patent Further Strengthens Company's Leadership Position in
Providing Critical Global Mobile Location Assurance for Financial Fraud
Protection and Compliance Applications
MELVILLE, N.Y.--(BUSINESS WIRE)--
April 14, 2016-- Comtech Telecommunications Corp. (Nasdaq: CMTL)
announced today that its recently acquired subsidiary, TeleCommunication
Systems, Inc., has been issued a U.S. patent for its Location Trust
Score technology. U.S. Patent No. 9,277,526 grants Comtech important
intellectual property protection and licensing opportunities for its
unique process for identifying the reliability of a mobile location by
generating a "Location Trust Score."
"Our Location Trust Score technology is a powerful tool for identifying
fraud, preventing "false positive" denials of services, and confirming
location compliance for regulated industries, such as financial services
and online wagering," said Dr. Stanton Sloane, President and Chief
Executive Officer of Comtech Telecommunications Corp. "Given that our
Location Trust Score technology is not carrier dependent, it has
scalability and applicability for a wide range of global financial and
e-commerce services. In addition to serving as the foundation for our
own Trusted Location service, securing this patent allows us to license
this innovative technology to other organizations dedicated to ensuring
the protection of their customers worldwide."
Comtech's Location Trust Score can be used in addition to the location
derived from probe and location services information collected from the
device to ensure that a device is in fact in a specific, or a compliant
location when it is used to initiate an online transaction. Broadly
available mobile location technologies that rely solely on location
services from the handset manufacturer are easily spoofed. A
first-of-its-kind technology, Comtech's Location Trust Score addresses
spoofing issues by reporting the level of certainty associated with the
location and authenticity of the device, and ensuring that a device
location is in a compliant location for financial services and online
wagering applications.
When a transaction is initiated from a mobile device, a Location Trust
Score is generated using algorithms that analyze and correlate multiple
factors, various location indicators and security inputs. The addition
of this trust score facilitates the incorporation of "location
intelligence" into existing risk assessment systems that address
security use cases such as card-not-present fraud, point-of-sale fraud,
and account takeover. This Location Trust Score is then provided back to
the application and used to determine if the transaction should be
allowed. For instance, if a "trust score" is high, a transaction can be
completed, whereas a low trust score may result in a declined
transaction.
Comtech has incorporated this patented approach into its own Trusted
Location service, which can verify and validate a device's location
nearly anywhere in the world. In near real time, it can determine a
device's location using a unique and patented set of libraries, which
leverage cellular, satellite, Wi-Fi and other data sets. This library
set can either be integrated into an existing client application or be
packaged as a standalone application. Unlike other mobile location
services, Trusted Location is not dependent on carrier networks and
delivers the same reliable locations, anywhere in the world.
Comtech offers a complete portfolio of LBS solutions designed to support
the generation and distribution of location information for both indoor
and outdoor environments. Comtech's subsidiary, TeleCommunication
Systems, Inc., is recognized by Frost & Sullivan as the only provider of
every element in the LBS value chain, while ABI Research and Informa
Telecoms & Media rank them as the second largest global provider of
location infrastructure. The company provides its LBS solutions to
mobile operators across six continents, including Africa, Asia,
Australia, Europe, North America and South America.
Comtech Telecommunications Corp. designs, develops, produces and markets
innovative products, systems and services for advanced communications
solutions. The Company sells products to a diverse customer base in the
global commercial and government communications markets. The Company
believes it is a leader in most of the market segments that it serves.
Certain information in this press release contains statements that are
forward-looking in nature and involve certain significant risks and
uncertainties. Actual results could differ materially from such
forward-looking information. The Company's Securities and Exchange
Commission filings identify many such risks and uncertainties. Any
forward-looking information in this press release is qualified in its
entirety by the risks and uncertainties described in such Securities and
Exchange Commission filings.