US Patent Issued to Fingon on April 29 for "Electronic device for securely storing and providing payment information" (Austrian, Ukrainian Inventors)

ALEXANDRIA, Va., June 9 -- United States Patent no. 12,288,208, issued on April 29, was assigned to Fingon LLC (Newton, Conn.).

"Electronic device for securely storing and providing payment information" was invented by Sergey Ignatchenko (Innsbruck, Austria) and Dmytro Ivanchykhin (Kiev, Ukraine).

According to the abstract* released by the U.S. Patent & Trademark Office: "The systems, methods and apparatuses described herein provide a virtual integrated circuit card (ICC). In one aspect, a method of creating a virtual ICC may be provided. The method may comprise obtaining executable code configured to run on a user device to facilitate financial transactions, preparing a first encryption key usable by the executable code, receiving a seco...