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25 Jun 2014
News

Serko Confirms Granting of US Patent Relating to Travel Expense Automation


 

Serko Limited confirms that the United States Patent office has today (NZT) granted a travel expense automation patent to Serko. Further details about the patent are set out below.

This patent is seen as an important addition to Serko’s existing IP portfolio. Serko considers mobile payment via near field communication (NFC), and associated expense management reconciliation, to be a key development in the technological evolution of corporate travel. 

For media queries please contact:

Strahan Wallis, Porter Novelli for Serko,

+64 21 410 294

strahanw@porternovelli.kiwi

For investor relations queries please contact:

Tim Bluett, Chief Financial Officer, Serko

+64 9 309 4754

Investor.relations@serko.com 

Further information relating to Patent (Ref: US 8,762,185 B2)

A copy of the patent is available on the United States Patent and Trademark Office website http://portal.uspto.gov/pair/PublicPair.  The patent is described as “a method of monitoring the expense of a traveller during the progress of an itinerary utilises NFC (Near Field Communication) for carrying out the financial transactions associated with the itinerary and updates a corporate ERP or similar financial database with the financial transactions as they occur allowing rapid allocation to cost centres. The itinerary may be laid out in terms of itinerary events, each of which may be tracked by an NFC connection with an NFC device at an expected location and date for the itinerary event”.

 

ENDS


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