US Patent Issued to PAYPAL on Aug. 25 for "Fault tolerant token based transaction systems" (Massachusetts, Colorado, California Inventors)

ALEXANDRIA, Va., Aug. 25 -- United States Patent no. 12,718,226, issued on Aug. 25, was assigned to PAYPAL INC. (San Jose, Calif.).

"Fault tolerant token based transaction systems" was invented by Max Edward Metral (Brookline, Mass.), Douglas Hurst (Longmont, Colo.), Kevin Laracey (San Jose, Calif.) and Suzanne Lenox (Weston, Mass.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Methods and systems for fault tolerant token based transactions are described. A user may perform a transaction with a mobile device. The mobile device may be in an offline mode or may be lacking a network connection to servers or cloud devices of a mobile payment system. The transaction may be processed through a transaction device, ...