US Patent Issued to Visa International Service Association on May 27 for "System, method, and computer program product for processing a transaction as a push payment transaction" (Indian Inventors)

ALEXANDRIA, Va., June 17 -- United States Patent no. 12,314,918, issued on May 27, was assigned to Visa International Service Association (San Francisco).

"System, method, and computer program product for processing a transaction as a push payment transaction" was invented by Sandeep Tharoor (Anjumoorthy, India) and Malayamkumarath Sreedharan Manikandan (Bangalore, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "Described are a system, method, and computer program product for processing a transaction as a push payment transaction. The method may include receiving, with a payment gateway processor, a transaction request from a merchant system. The transaction request may include transaction data associat...