US Patent Issued to OwlTing USA on Oct. 21 for "Payment management system using asymmetric cryptography to ensure information accuracy" (Taiwanese Inventor)

ALEXANDRIA, Va., Oct. 28 -- United States Patent no. 12,450,599, issued on Oct. 21, was assigned to OwlTing USA Inc. (Arlington, Va.).

"Payment management system using asymmetric cryptography to ensure information accuracy" was invented by Chun-Jen Chen (New Taipei, Taiwan).

According to the abstract* released by the U.S. Patent & Trademark Office: "A payment management system includes a first client and an approval client. The first client provides a trade policy, generates a first hash by applying a first hash function to the trade policy, creates a first signature by asymmetrically encrypting the first hash with a first private key of a first public-private key pair, and broadcasts a first public key of the first public-private key pai...