US Patent Issued to International Business Machines on Oct. 6 for "Secure payment transactions via global navigation satellite system" (Indian Inventors)

ALEXANDRIA, Va., Oct. 6 -- United States Patent no. 12,755,265, issued on Oct. 6, was assigned to International Business Machines Corp. (Armonk, N.Y.).

"Secure payment transactions via global navigation satellite system" was invented by Ahamed Jalaldeen Shahul Hamid (Bangalore, India), Santosh Rajashekar (Bangalore, India) and Selvi John (Bangalore, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "Performing secure payment transactions via Global Navigation Satellite System (GNSS) is provided. An input is received from a payer corresponding to a GNSS user device to initiate a payment transaction in a payment message format from the payer to a payee via a GNSS protocol of a GNSS satellite to a payment sys...