US Patent Issued to GOOGLE on Oct. 7 for "Processing payment transactions without a secure element" (California Inventor)

ALEXANDRIA, Va., Oct. 8 -- United States Patent no. 12,437,282, issued on Oct. 7, was assigned to GOOGLE LLC (Mountain View, Calif.).

"Processing payment transactions without a secure element" was invented by Sarel Kobus Jooste (Novato, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A user conducts a wireless payment transaction with a merchant system by transmitting payment information from a user device to a terminal reader without accessing a secure element resident on the user device. A user taps a user device in a merchant system's terminal reader's radio frequency field. The terminal reader and the user device establish a communication channel and the terminal reader transmits a signal comprisin...