ALEXANDRIA, Va., July 9 -- United States Patent no. 12,354,087, issued on July 8, was assigned to Rakuten Group Inc. (Tokyo).
"Dynamic payment authorization system and method" was invented by Rong Cao (Tokyo), Takayuki Kurihara (Tokyo), Shigetaka Arimura (Tokyo), Yuzo Takahashi (Tokyo) and Kazuaki Ban (Tokyo).
According to the abstract* released by the U.S. Patent & Trademark Office: "A method of transaction authorization includes receiving, by a payment gateway of a payment platform and from a business support system (BSS), an authorization request for a transaction and a security token corresponding to credential information, determining, by the payment gateway, whether an authorization for the transaction is required, and, based on det...