US Patent Issued to PayPal on Aug. 11 for "Methods and systems for processing transactions with secured storage devices using a mobile device" (Massachusetts Inventor)

ALEXANDRIA, Va., Aug. 12 -- United States Patent no. 12,705,605, issued on Aug. 11, was assigned to PayPal Inc. (San Jose, Calif.).

"Methods and systems for processing transactions with secured storage devices using a mobile device" was invented by Kevin Laracey (Natick, Mass.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Embodiments provide systems, methods, processes, computer program code and means for using mobile devices to conduct transactions with value dispensing devices."

The patent was filed on Dec. 28, 2023, under Application No. 18/398,929.

*For further information, including images, charts and tables, please visit: http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnet...