ALEXANDRIA, Va., March 12 -- United States Patent no. 12,248,924, issued on March 11, was assigned to CHARLES SCHWAB & Co. INC. (San Francisco).
"System and method for mobile payments" was invented by Konstantinos P. Konstantinides (Martinez, Calif.), Naresh Sikha (San Francisco), Janardhan D. Kakarla (Dublin, Calif.) and Eliel R. Johnson (San Francisco).
According to the abstract* released by the U.S. Patent & Trademark Office: "A system and method allows a user to pay for a transaction by scanning an encoded image, for example, using a mobile device. The payor is anonymous to the party receiving payment."
The patent was filed on Sept. 27, 2023, under Application No. 18/475,772.
*For further information, including images, charts and ta...