US Patent Issued to Visa International Service Association on Aug. 12 for "Techniques for token proximity transactions" (California, Texas Inventors)

ALEXANDRIA, Va., Aug. 12 -- United States Patent no. 12,388,816, issued on Aug. 12, was assigned to Visa International Service Association (San Francisco).

"Techniques for token proximity transactions" was invented by Kyle Joseph Drechsler (San Francisco), Christopher Jones (Greenbrae, Calif.), Gayathri Venkat (Austin, Texas), Gavin Shenker (Los Angeles), Raul Leyva (Round Rock, Texas), Janardana Sarma (Foster City, Calif.), Phillip Lavender (Foster City, Calif.), Leila Movahedian (Foster City, Calif.), Pinesh Roy (Redwood City, Calif.) and Eduardo Lopez (Menlo Park, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods are provided to enable a user to conduct a transaction using their cr...