National Family Support, Inc announced today that it has filed its first patent, filed through BlueIron. National Family Support is rolling out a suite of services for managing child support payments.
National Family Support's program separates a non-custodial parent's responsibility of child support payments with the custodial parent's need for reliability and consistency. A parent who is required to pay child support can apply for a loan for delinquent payments, which is immediately paid to the custodial parent. Going forward, the custodial parent's payments are guaranteed.
"With billions of dollars of delinquent child support payments nationally, we will arrange loans to parents who are behind and will guarantee all future payments. This means money goes right to the children it needs to help," says Dee Benedict, President of Family Support of South Carolina, Inc., that is implementing the first in the nation program in South Carolina.
"Our IP portfolio lets us grow nationwide to address the child support crisis," says Frank Kristan, President of National Family Support, Inc., "It is all about the children - and BlueIron makes this possible."
"Financial technology or 'fintech' is a difficult field to get valuable patents," says Russ Krajec, CEO of BlueIron. "Our investment came after a lot of due diligence and study of the marketplace and existing IP. National Family Support's innovation solves a huge problem in a very creative and protectable way."
About Family Support:
Family Support of South Carolina, Inc., is a private service company organized to assist in the financing of child support payments. National Family Support, Inc. is its parent company. Information is at http://www.familysupportofsc.com and e-mail:
BlueIron provides patent-related financing for companies ranging from startups to publicly traded companies. BlueIron finances the cost to create IP portfolios, insures those portfolios for enforcement and defense, and can provide $2-5M loans using IP as collateral. Information is at https://blueironip.com and email: firstname.lastname@example.org.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties.