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PENNEXX has Filed Another Patent, "Systems and Methods for Coupon Management and Redemption"
By: Pennexx Foods Inc
Outlined in this patent is the use of QR codes that have become a well-known and well-understood technology as they have come into excellent service during the COVID pandemic.
This is important to Pennexx because it protects them from competitors entering the market and duplicating the technology Pennexx has invented. Major companies patent their technologies and consider them an asset to the business.
This patent application entitled "Systems and Methods for Coupon Management and Redemption" covers how the YourSocialOffers.com (YSO) system controls the management and redemption of coupons so that merchants can be assured that coupons are used appropriately. It includes a cryptographic approach that uses encrypted keys called private keys and public keys to create digital fingerprints known as signatures. The system uses those signatures to authenticate users.
This patent also outlines the method by which merchants can interact with the YSO system to accept and redeem coupons, an essential aspect of merchant confidence.
Vincent Risalvato, CEO of Pennexx, said, "Pennexx is poised to use these technologies to bring savings to millions of consumers and help merchants build their businesses."
About Pennexx Foods Inc. (PNNX: OTCMKTS US). Pennexx, through its wholly-owned subsidiaries, is a holding company within the Software/Internet Industry focused on social media, prepaid debit cards, BitGift™, artificial intelligence, targeted marketing, and consumer rewards.
Safe Harbor Act: This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates,"
Vincent Risalvato, CEO