US Patent Issued to PAYPAL on May 27 for "System and method for facilitating electronic financial transactions during a communication session" (California Inventors)

ALEXANDRIA, Va., June 17 -- United States Patent no. 12,314,930, issued on May 27, was assigned to PAYPAL INC. (San Jose, Calif.).

"System and method for facilitating electronic financial transactions during a communication session" was invented by Saumil Ashvin Gandhi (Sunnyvale, Calif.) and Ray Hideki Tanaka (San Jose, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A payment button on a device capable of making telephone calls, such as a mobile phone, allows a payer to electronically transfer money while in a phone call with a payee. The payment button also allows a payee to initiate an electronic payment transaction while in a phone call with a payer. The payment button may be a clickable or tappab...