InterDigital Inc. (NASDAQ: IDCC) signed a patent license agreement with a fintech company for point-of-sale devices, the wireless technology company announced.

The agreement covers the licensee's point-of-sale devices under InterDigital's patent portfolio related to cellular 3G and 4G standards, and Wi-Fi 5 and Wi-Fi 6 standards. The company did not disclose the identity of the fintech licensee or financial terms of the agreement.

"This agreement is another demonstration of the momentum we're building across the IoT space," said Julia Mattis, Chief Licensing Officer at InterDigital. "This company is a widely recognized disruptor in the fintech sector and we're glad that it recognizes the value our wireless technology brings to its business."

InterDigital develops wireless, video and artificial intelligence technologies and licenses its innovations to companies making wireless communications devices, consumer electronics, IoT devices and vehicles. The Wilmington, Delaware-based company was founded in 1972.