Welcome!

News Feed Item

Cass Awarded U.S. Patent for Its Solution to Manage BYOD

ST. LOUIS, MO -- (Marketwired) -- 07/16/14 -- The United States Patent and Trademark Office awarded Cass Information Systems, Inc. (NASDAQ: CASS), the leading provider of BYOD management solutions, with U.S. Patent 8,744,935 for technology that provides enterprises with a better alternative for reimbursing employees for use of their personal mobile devices. The patented technology enables Cass Direct2Carrier Payments™ -- a more automated and efficient solution for BYOD payment management.

Bring Your Own Device (BYOD) is the practice of employees using their own mobile devices -- such as smartphones, notebooks and laptops -- for business. Today employers typically reimburse employees for such use by either paying a stipend to the employee through payroll or by requiring the employee to submit an expense report. Both of these methods have costly drawbacks.

The newly patented solution, Cass Direct2Carrier Payments™, is a more cost-effective means of reimbursement that eliminates the negatives associated with both payroll-based stipends and expense reports. With Direct2Carrier Payments™, Cass employs its global electronic payment network to make payments directly to AT&T, Verizon, Sprint and other leading mobile carriers. The appropriate reimbursement amount (which may vary depending upon job description or anticipated business need) appears on each employee's personal wireless bill as a monthly credit.

The employer gets the benefit of making a single payment to Cass for thousands of employee credits, plus it receives detailed, cost-center-level reporting for these reimbursements. The Cass solution integrates easily with the employer's human resources system so that when employees leave the company, the stipend payments end.

"BYOD presents an opportunity to expand the number of eligible mobile users or support multiple mobile devices per user, so enterprises need to develop clear policies regarding which users, devices and services to subsidize," writes Bryan Taylor, Gartner Research Director for Mobile and Client Computing and Rich Doheny, Service Analyst.(1)

"Early BYOD wasn't very strategic. It began as employees demanding freedom to choose their own devices and CIOs reactively trying to control the inherent security risk, but has led to enterprises thinking about the mobile workforce in a whole new way," commented Gary Langfitt, president of Cass' Expense Management Services. "Now enterprises are engaged in BYOD 2.0 -- creating new policies that embrace employee-owned smartphones, tablets and computers and seeking ways to maximize productivity for a broader audience of users. BYOD 2.0 will be more efficient, more scalable and more effortless. With the Cass BYOD solution and our patented Direct2Carrier Payments,™ we bring the employer closer to zero-touch BYOD."

About Cass Information Systems, Inc.
Cass Information Systems, Inc. (NASDAQ: CASS) is the leading provider of telecom, transportation, utility and waste expense management and related business intelligence services, disbursing $35 billion annually on behalf of its clients. With total assets of $1.3 billion, Cass is a business process outsourcer focused on invoice processing, auditing and payment services. Cass is uniquely supported by Cass Commercial Bank, founded in 1906. Today, Cass Commercial Bank is a wholly owned subsidiary, providing sophisticated financial exchange services to the parent organization and its clients. Cass is part of the Russell 2000®. More information is available at www.cassinfo.com.

(1) Gartner, How to Manage Stipends, Reimbursements and Allowances for Employee-Owned Mobility, Bryan Taylor, Rich Doheny, April 2, 2014.

Jackie Engel
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
"This is specifically designed to accommodate some of the needs for high availability and failover in a network managed system for the major Korean corporations," stated Thomas Masters, Managing Director at InfranicsUSA, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"Qosmos has launched L7Viewer, a network traffic analysis tool, so it analyzes all the traffic between the virtual machine and the data center and the virtual machine and the external world," stated Sebastien Synold, Product Line Manager at Qosmos, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"Coalfire is a cyber-risk, security and compliance assessment and advisory services firm. We do a lot of work with the cloud service provider community," explained Ryan McGowan, Vice President, Sales (West) at Coalfire Systems, Inc., in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, discussed recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model for ...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, drew together recent research and lessons learned from emerging and established compa...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
"We are a leader in the market space called network visibility solutions - it enables monitoring tools and Big Data analysis to access the data and be able to see the performance," explained Shay Morag, VP of Sales and Marketing at Niagara Networks, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We analyze the video streaming experience. We are gathering the user behavior in real time from the user devices and we analyze how users experience the video streaming," explained Eric Kim, Founder and CEO at Streamlyzer, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at Cloud Expo, Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, provideed economic scenarios that describe how the rapid adoption of software-defined everything including cloud services, SDDC and open networking will change GDP, industry growth, productivity and jobs. This session also included a drill down for several industries such as finance, social media, cloud service providers and pharmaceuticals.