US Patent Issued on Oct. 14 for "Payment systems and methods" (California Inventor)

ALEXANDRIA, Va., Oct. 21 -- United States Patent no. 12,443,957, issued on Oct. 14.

"Payment systems and methods" was invented by Srinivas Vadhri (San Ramon, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Payment systems and methods that facilitate electronic payer-payee financial transactions, using one or more universal payment identifiers, are disclosed. One method includes a payer computing device receiving a payment credential associated with a payee. The payment credential may be mapped to a universal payment address. The payer computing device may request a payment server for a payee account information associated with the payment credential. The payment server may translate the payment credent...