US Patent Issued to Visa International Service Association on Sept. 30 for "Portable device loading mechanism for account access" (California Inventors)

ALEXANDRIA, Va., Sept. 30 -- United States Patent no. 12,430,632, issued on Sept. 30, was assigned to Visa International Service Association (San Francisco).

"Portable device loading mechanism for account access" was invented by Yuexi Chen (Foster City, Calif.) and Simon Hurry (Foster City, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Described herein are a system and techniques for updating balance information for a disbursement module on a portable device using a transaction module on that same portable device. In some embodiments, each of the transaction module and the disbursement module may be associated with a different transaction processing system. A client device may be used to interact wit...