Global Standard Financial Announces the Awarding of Two US Patents Covering the Paperless Check or Electronic Payment Orders
“Global Standard Financial, Inc. (GSF) www.gsf-inc.com announced today the awarding of two patents by the US Patent and Trademark Office which cover the fundamental processes necessary to securely create paperless Check 21-based checks or Electronic Payment Orders (EPO). The term EPO was described in a November 2009 Chicago Federal Reserve Policy Paper which outlined the benefits of paperless checks and was used to distinguish pure digital checks from paper-based Check 21 image processing.”
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