US Patent Issued to PAYRANGE on June 10 for "Method and system for asynchronous mobile payments for multiple in-person transactions conducted in parallel" (Oregon, California Inventors)

ALEXANDRIA, Va., June 18 -- United States Patent no. 12,327,253, issued on June 10, was assigned to PAYRANGE INC. (Portland, Ore.).

"Method and system for asynchronous mobile payments for multiple in-person transactions conducted in parallel" was invented by Paresh K. Patel (Portland, Ore.), Srinivas Annam (San Jose, Calif.), Prashant Kanhere (San Jose, Calif.) and Rakesh Kulangara (San Jose, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A mobile consumer device with a display, processor(s), and memory: identifies a merchant device in proximity to the consumer device based on broadcasted information transmitted by the first merchant device, the broadcasted information including a first identifier cor...