ALEXANDRIA, Va., Sept. 17 -- United States Patent no. 12,417,452, issued on Sept. 16, was assigned to MASTERCARD ASIA/PACIFIC PTE. LTD. (Singapore).
"Smart chip payment acceptance" was invented by Weiming Ma (Singapore), Teck Yong Tan (Singapore), Donghao Huang (Singapore), Rasika Chandana Karunapala (Queenstown, Singapore), Arie Ganapathi (Singapore), Dendy Liuswanto Gunawan (Singapore) and Srinath Ravinathan (Singapore).
According to the abstract* released by the U.S. Patent & Trademark Office: "A system and method for processing digital payments using a smart chip payment acceptance module associated with an Internet of Things (IoT) or vending device via a virtual EMV terminal process for cloud-based digital payment transactions. A sho...