US Patent Issued to Yellcast on Jan. 13 for "Payment device and method with detection of falsified payee information based on weighted location data obtained by the payment device" (New Mexico, California, Pennsylvania, Oregon Inventors)

ALEXANDRIA, Va., Jan. 13 -- United States Patent no. 12,524,753, issued on Jan. 13, was assigned to Yellcast Inc. (San Francisco).

"Payment device and method with detection of falsified payee information based on weighted location data obtained by the payment device" was invented by Peter Ellenby (Portland, Ore.), Thomas William Ellenby (Langhorne, Pa.), Ganesan Venkatakrishnan (San Carlos, Calif.), William Foster (Santa Fe, N.M.) and Peter Negulescu (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "The system and methods describe transaction spoofing detection based on a transaction notification from a mobile computing device, determining a location associated with the mobile computing device, d...