ALEXANDRIA, Va., Oct. 8 -- United States Patent no. 12,437,283, issued on Oct. 7, was assigned to AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY INC. (New York).

"Point of sale terminal of a mobile device" was invented by Hong Liu (Union City, Calif.) and Keshav A. Narsipur (Phoenix).

According to the abstract* released by the U.S. Patent & Trademark Office: "Disclosed are various embodiments for a point of sale application for a mobile device. In some embodiments, a system comprises a mobile device that is configured to receive a command from a service system to activate a personal point of sale (POS) application. The personal POS application is executed based at least in part on the command. A payment token is generated based at least...