ALEXANDRIA, Va., Dec. 2 -- United States Patent no. 12,488,333, issued on Dec. 2, was assigned to MasterCard International Inc. (Purchase, N.Y.).
"System and method for token based payments" was invented by Joshua Carter Knopp (Defiance, Mo.).
According to the abstract* released by the U.S. Patent & Trademark Office: "Provided are a system and method for generating and transmitting tokenized payment information. In one example, the method includes transmitting a request for payment information to a payment network, receiving tokenized payment information of a payment account from the payment network, and transmitting the tokenized payment information to a merchant. According to various exemplary embodiments, the tokenized payment informat...