US Patent Issued to Visa International Service Association on March 25 for "Processing financial transactions" (Indian, American Inventors)

ALEXANDRIA, Va., March 26 -- United States Patent no. 12,260,380, issued on March 25, was assigned to Visa International Service Association (San Francisco).

"Processing financial transactions" was invented by Koni Uttam Nayak (Mumbai, India), Ashish Kulpati (Haryana, India), Pankaj Rajurkar (Indore, India) and Glenn Leon Powell (Fremont, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for processing a financial transaction are provided. In a method conducted at an issuing server computer associated with a first entity, a transaction request message is transmitted to an acquiring server computer associated with a second entity. The transaction request message is in respect of a push...