US Patent Issued on May 19 for "System for providing virtual card using mobile communication device and method thereof" (Indian Inventor)

ALEXANDRIA, Va., May 19 -- United States Patent no. 12,632,849, issued on May 19.

"System for providing virtual card using mobile communication device and method thereof" was invented by Suresh Pethe (Pune, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "Disclosed is a system for providing a virtual card using a mobile communication device and payment methods using the same. The virtual card is issued to a user by any financial institute, being adapted to authorize the user to withdraw the cash and/or pay for any product or service. The system (100) includes a mobile communication device (101) and an ATM (102), each with a SIM card and a communication module. The method includes the activation of the vi...