US Patent Issued to PAYPAL on May 13 for "Social network payment system" (California Inventors)

ALEXANDRIA, Va., June 12 -- United States Patent no. 12,299,682, issued on May 13, was assigned to PAYPAL INC. (San Jose, Calif.).

"Social network payment system" was invented by Thomas Anthony Doran (Palo Alto, Calif.) and Dennis Warren Koo Tze Mew (San Jose, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for providing social network payments includes receiving a request to make a payment. The request is associated with a social network payer and a social network payee. It is determined that the social network payer is associated with a first payment provider identifier and an authorization token, and a second payment provider identifier for the social network payee is then retrieved using t...