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Every Penny Counts, Inc.
Provides banks, processors, merchants and nonprofits – with patented technology – to grow and maintain passionate customers! |
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rounder
program /
gift prepaid program /
other products / nonprofits /
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Every Penny Counts, Inc.
Company
Business of the Company The Company’s focus is to license Service Providers (banks, card issuers, and merchants) with the rights to enhance and energize their core product offerings with EPC’s value added IP. Entities that successfully licensee EPC enhancements will forever change how their customers use cash, gift cards, store loyalty cards, credit cards, coupons, and checking/savings/investing accounts. The Company also supports its licensees by enrolling consumers and nonprofits online to use EPC enhanced and patented credit card, checking, and gift card products. Service Providers find that EPC’s software designs are easily implemented into electronic cash registers, POS terminals, existing bank mainframes, e-commerce sites, aggregation pages, PC’s, PDA’s, networks, wireless devices, etc. EPC’s products are not hardware or operating system specific. They are applicable to a variety of users and can be scaled for small and large system users.
Pending Litigation
(1)
After unsuccessfully attempting to license Bank of America (BofA) to
its “rounder” product for checking, debit and credit card
transactions, in January 2007, EPC filed a lawsuit (Case No 2:07
- CV - 42 FTM - 99SPC) in the Federal Court located in Ft.
Myers, FL. EPC’s suit alleges that BofA, using its "Keep the
Change" (KTC) program, infringes EPC’s U.S. patent number
6,112,191. BofA’s KTC program now has over 8,000,000 checking/savings customers enrolled in the program. (2) After unsuccessfully attempting to license VISA, MasterCard, American Express, First Data Corporation, Green Dot, Valutec, Value Card Solutions, and InComm to EPC’s “Open” and “Closed” gift card patents, in July 2007, EPC filed two lawsuits (Case No 8:07 – CV – 1254 and Case No 8:07 – CV – 1255) in Federal Court in Tampa, FL, asserting that the above defendants have infringed one or more of the following EPC patents: U.S. patent numbers 5,621,640, 6,112,191, 6,088,682, 6,876,971, and 7,171,370. Assuming the defendants continue to offer “open” and/or “closed” gift cards, EPC could recover $120 B in damages and licensing fees over the life of the patents. Go to Open Prepaid Gift Card Program.
Invention / Management Team Banks, Card Issuers, and Merchants that license EPC products benefit from (1) increasing their customers’ loyalty, (2) winning back former customers, (3) stealing customers from competitors, (4) enrolling newly targeted customers, (5) increasing their revenue and profitability, (6) realizing savings in marketing and operations, and (7) having the rights to offer EPC patented products both in the U.S.A. and globally. Consumers that use EPC products benefit from (1) one stop convenience, (2) increased personal time, (3) expanded economic opportunity, and (4) passionate bonding with their selected affinity groups. Nonprofits that license EPC fundraisers benefit from (1) passive fundraising 24/7, (2) being able to offer all their supporters the opportunity to donate - even pennies - on an everyday basis, and (3) being able to bi-directionally communicate online with their supporters. Click to view Intellectual Property Rights
Additional Information
For More Information: |
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