US Patent Issued on Dec. 30 for "Transaction system and method" (South African Inventor)

ALEXANDRIA, Va., Dec. 31 -- United States Patent no. 12,511,628, issued on Dec. 30.

"Transaction system and method" was invented by Sean William Honeywell (Durban, South Africa).

According to the abstract* released by the U.S. Patent & Trademark Office: "The invention relates to methods of processing financial transactions in a centralised system including slave and central servers. The method comprises generating, by the slave server, a first transaction block associated with a validated first data packet including data collected from a user device initiating a transaction session. After generation of the first transaction block, the method comprises generating, by the slave server, a transaction block associated with each data packet su...