About Us

Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

A Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Social Media

Bluesky • Facebook • Instagram • LinkedIn • YouTube

Meet the Laser Focus World Team

Editorial

Sales

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology
My Watchlist
Indicators
Industrial Laser Index
Markets
Stocks
ETFs
Tools
Markets:
Overview
News
Currencies
International
Treasuries

SKUx Announces Pivotal U.S. Patent Grants to Improve and Empower Merchant Item-Level Payment Acceptance

By: via Business Wire

SKUPay® is the first multi-patented, item-level payment adjudication technology not requiring merchants to share sensitive basket-level data externally

SKUx, a leader in digital instant payments, is pleased to announce that the U.S. Patent and Trademark Office (USPTO) has granted SKUx two patents, No. 11,288,697 (the ‘697 patent) and No. 11,615,435 (the ‘435 patent), for item-level payments processing technology. SKUx’s innovative payments platform, SKUPay® provides merchants with new tools for enhancing consumer experience and product level promotions. This adds to a product suite of capabilities for merchant payment innovations that combine first-party data, offer serialization, mobile delivery, and distributed ledger technology, providing new opportunities for enhancing consumer engagement.

The ‘697 patent covers the issuance of item-level promotional offers and payments without requiring a merchant’s point-of-sale system to communicate externally to accomplish adjudication, the process of validating a purchase transaction’s eligibility. An example of a fast-growing market requiring item-level adjudication at the point of sale is the U.S. healthy benefits market. Based on analysis of government records, it is estimated to have reached $200 billion in 2023.1

The ‘435 patent is directed towards facilitating real-time integration of promotional offers such as coupons, coupon codes, gift cards, and the like, into a customer relationship management system or process. For example, payments are a valuable proactive customer engagement tool for promotional and customer service purposes. The individualized promotions are serialized in a way that facilitates real-time tracking of the issuance, redemption, and corresponding insights gained. This capability enables a new enhanced customer experience for consumer package goods rebates, which volume is expected to reach ~$1 BN by 2026, of which an estimated 50% will be redeemed to gift cards.1

The breakthrough technology addresses the critical need for an improved merchant item-level payment acceptance process as well as the rapid shift towards consumer adoption of mobile payments and digital wallet stored value, in a changing retail environment quickly moving towards real-time payments and Web3. Partnered with Hedera Hashgraph, the multi-patented SKUx solution incorporates a one-way cryptographic signature, the end result of which provides a zero knowledge proof (ZKP), further mitigating payment fraud.

“These patents and several pending patents demonstrate our commitment to developing digital payments innovations benefiting merchants and their valued partners.” said Guy Berg, Senior Vice President of the SKUPay® Network. “Merchants don’t want to share basket information with third parties, and we’re excited to provide a solution that eliminates that need and simultaneously lowers their acceptance costs.”

1 (Oliver Wyman, SKUx 2023)

About SKUx

SKUx powers item-level payments at the speed of today’s consumer, primarily using its technology SKUPay®, which allows merchants to solve longstanding industry challenges and consumer friction in item-level payment acceptance, while opening new and valuable incremental revenue streams and increasing customer satisfaction. We deliver seamless consumer engagement through a patented platform that combines first-party data, mobile branding, offer serialization, secure digital payments, distributed ledger technology with Hedera Hashgraph, and settlement to deliver incremental revenues and real-time transparency for merchants, brands, and payment partners. For more information, visit skux.io

Forward-Looking Statements

This release contains “forward-looking statements” within the meaning of the U.S. federal securities laws. Statements that are not historical facts, including statements about anticipated business and financial outcomes, including any projections of the Company, projected revenue or expense synergies, business and market conditions, outlook, the Company’s sales pipeline and anticipated profitability and growth, the outcome of our comprehensive assessment referred to in this release, as well as other statements about our expectations, beliefs, intentions, or strategies regarding the future, or other characterizations of future events or circumstances, are forward-looking statements. These statements may be identified by words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “will,” “should,” “could,” “would,” “project,” “continue,” “likely,” and similar expressions, and include statements reflecting future results or guidance, statements of outlook and various accruals and estimates. These statements relate to future events and our future results and involve a number of risks and uncertainties. Forward-looking statements are based on management’s beliefs as well as assumptions made by, and information currently available to, management.

Actual results, performance or achievement could differ materially from those contained in these forward-looking statements. Other unknown or unpredictable factors also could have a material adverse effect on our business, financial condition, results of operations and prospects. Accordingly, readers should not place undue reliance on these forward-looking statements. These forward-looking statements are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Except as required by applicable law or regulation, we do not undertake (and expressly disclaim) any obligation and do not intend to publicly update or review any of these forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts

More News

View More
3 Healthcare Stocks Using AI to Drive Growth
Via MarketBeat
Topics Artificial Intelligence
Tickers BSX HIMS TEM
Get Exposure to Millennials' Purchasing Power With This ETF
Via MarketBeat
Topics ETFs
Tickers AAPL DASH DIS GOOGL META MILN
Why a $4.5 Billion Smart Debt Move Is Fueling Dell’s AI Ambitions
Via MarketBeat
Topics Artificial Intelligence
Tickers DELL
Beam Global Gets Buy Rating With 101% Upside Potential
Via MarketBeat
Topics Intellectual Property
Tickers BEEM
These 3 Crypto Stocks Could Get a Bump as Dollar Trust Weakens
Via MarketBeat
Topics ETFs Economy World Trade
Tickers BITF COIN HOOD
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.