TriCap Technology Receives Third Patent for Strengthening US Receivables and Debt Market

NEW YORK - May 7, 2013 - PRLog -- TriCap Technology Group, LLC was recently notified by the United States Patent and Trademark Office (USPTO) that it has been issued a third patent for strengthening governance of activities organizing, sorting, ranking and scoring of debt into portfolios prior to their purchasing or servicing (patent number 8,442,903).    As featured in Forbes, Inside Patient Finance, and Inside ARM, TriCap’s patented portfolio gives it the exclusive right across all U.S. receivables activity when consumer debt is organized, ranked and valued for purchasing or servicing. Through innovative, and patented, processes and algorithms, TriCap contributes structure to the market by organizing the basic building blocks by which receivables are ordered, valued, and either purchased or awarded for servicing.    “The elements within our patent portfolio lay a strong foundation by which healthy market activity occurs,” said James A. Zadoorian, Ph.D., TriCap’s President and patent author.  “This patent portfolio enhances today’s debt and receivables environment by providing self-correction mechanisms to the market.  Specially, it brings better and even stronger organization; enhanced valuation, visibility, and transparency; and more open competition.”    With this third patent on its intellectual property, TriCap’s patents  govern the underlying structure of the  U.S. consumer receivable and debt market—regardless of asset class or type of receivable.    “Perhaps at no time in recent U.S. history has there been a more pressing need for an intellectual property framework that enables the markets to operate smoothly and transparently,” said Joseph E. LaManna, TriCap’s CEO. “This is especially true for the large and liquid debt and receivables market segments of the American economy.”    About TriCap Technology Group, LLC    TriCap Technology Group, LLC is a high-growth financial technology company founded in late 2005 to transform the US debt and receivables sector into a fully articulated liquid market place. With over $10 billion in listings, TriCap's keystone and patented platform, ARxChange is the nation's largest and most robust open market debt and receivables exchange in the US.  TriCap holds intellectual property rights on the most essential processes used throughout the US receivables and debt markets. TriCap initially pursued medical and student loan receivables as its first commercial applications. Due to the broad applicability of its system and intellectual property protections, the ARxChange is expanding into virtually every industry segment, including: consumer, business-to-business, government, mortgage, and the credit markets as a whole.