US Patent Issued to PayPal on July 15 for "Payment transactions via substantially instant communication system" (California Inventors)

ALEXANDRIA, Va., July 16 -- United States Patent no. 12,361,397, issued on July 15, was assigned to PayPal Inc. (San Jose, Calif.).

"Payment transactions via substantially instant communication system" was invented by David Michael Leger (Campbell, Calif.), Yong K. Rhyu (Foster City, Calif.) and Brian Andrew Phillips (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method and a system conducts payment transactions via instant messaging. The system includes a messaging interface to receive a payment transaction request at a payment application from a network-based device via a network. The messaging interface facilitates substantially instant communication over the network. The payment applicat...