US Patent Issued to Mastercard International on May 27 for "Card reader, smart card and method for processing a transaction" (German Inventor)

ALEXANDRIA, Va., June 17 -- United States Patent no. 12,314,796, issued on May 27, was assigned to Mastercard International Inc. (Purchase, N.Y.).

"Card reader, smart card and method for processing a transaction" was invented by Cedric Colnot (Uccle, Germany).

According to the abstract* released by the U.S. Patent & Trademark Office: "A card reader (100) for reading a smart card (200), the card reader (100) comprising: an antenna (160) for making a wireless connection with a smart card; and a card detector, for determining a location of the smart card (200) relative to the antenna (160); and wherein the card reader (100) has a processor (180) configured to provide communication with the smart card and to allow or provide a first wireless ...