US Patent Issued to GEOTOLL on June 10 for "High accuracy geo-location system and method for mobile payment" (Florida, California Inventors)

ALEXANDRIA, Va., June 18 -- United States Patent no. 12,327,232, issued on June 10, was assigned to GEOTOLL INC. (Boca Raton, Fla.).

"High accuracy geo-location system and method for mobile payment" was invented by Jaime Andres Borras (Miramar, Fla.), Wyatt Drake Geist (Davie, Fla.), Richard Carrier (Newport Beach, Calif.) and James Edward Borras (Miami Lakes, Fla.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Location polygons are defined along traffic lanes and parking spaces to facilitate determination of the location of a vehicle relative to features associated with the location polygons. The location polygons are used, in one application, to identity entrance and exit of a special toll lane along a roa...