US Patent Issued to LORDSYSTEM on Aug. 5 for "Intelligent credit card payment system and payment processing method" (South Korean Inventor)

ALEXANDRIA, Va., Aug. 6 -- United States Patent no. 12,380,412, issued on Aug. 5, was assigned to LORDSYSTEM Co. LTD. (Seoul, South Korea).

"Intelligent credit card payment system and payment processing method" was invented by Yang Ho Jang (Yeoncheon-gun, South Korea).

According to the abstract* released by the U.S. Patent & Trademark Office: "An intelligent credit card payment system and payment processing method may be implemented to perform duplex payment through VAN or PG linking so that payment can be stably performed, in consideration of the problem that credit card payment is no longer available due to reaching the monthly limit set by a card company for a member store, or for another reason due to the member store. To this end, an...