ALEXANDRIA, Va., June 25 -- United States Patent no. 12,340,353, issued on June 24, was assigned to PAYPAL INC. (San Jose, Calif.).
"Payment link" was invented by Yeong-Ping Koh (Sunnyvale, Calif.), Steven C. Chan (Singapore) and Arunachalam Muthu (Santa Clara, Calif.).
According to the abstract* released by the U.S. Patent & Trademark Office: "In one embodiment, an intended recipient of money transmits a payment link created by the recipient to an intended sender of money, where the link contains a locator to a site of a payment provider, information about the recipient (e.g., phone number), and the amount of money to be sent. The link can be sent via email, text, IM, or other means. The sender then accesses the link, such as by clicking...