US Patent Issued to Capital One Services on July 15 for "Systems and methods for bypassing contactless payment transaction limit" (District Of Columbia, New York Inventors)

ALEXANDRIA, Va., July 16 -- United States Patent no. 12,361,424, issued on July 15, was assigned to Capital One Services LLC (McLean, Va.).

"Systems and methods for bypassing contactless payment transaction limit" was invented by Abdelkader Benkreira (Washington), Brendan Way (Brooklyn, N.Y.) and Tyler Maiman (Melville, N.Y.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Example embodiments of systems and methods for a cryptographic bypass system, comprising: a contactless card; and a server, wherein the server is configured to: receive a cryptogram and location data after a tap of the contactless card to a client device, identify a first merchant based on the location data, set a flag associated with the fi...