US Patent Issued to Visa International Service Association on Sept. 30 for "System, method, and computer program product for verifying a payment device using a magnetometer" (California Inventors)

ALEXANDRIA, Va., Sept. 30 -- United States Patent no. 12,430,653, issued on Sept. 30, was assigned to Visa International Service Association (San Francisco).

"System, method, and computer program product for verifying a payment device using a magnetometer" was invented by Mustafa Top (San Ramon, Calif.) and Yuexi Chen (Foster City, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Provided are methods, systems, and computer program products for verifying a payment device using a magnetometer. The method includes detecting a magnetic signature of a payment device based on a magnetic field of the payment device affecting the magnetometer. The magnetic signature may be determined based on the structural com...