ALEXANDRIA, Va., July 21 -- United States Patent no. 12,688,525, issued on July 21, was assigned to PAYPAL INC. (San Jose, Calif.).
"System and method for quick transactions" was invented by Harper Reed (Chicago), Dylan Richard (Chicago) and Gauri Sharma (Chicago).
According to the abstract* released by the U.S. Patent & Trademark Office: "A system and application for purchasing one or more items via quick online transactions from a vendor system is provided. An electronic shopping page listing products for sale and corresponding buy selectors is provided on a user device that includes the quick transaction system. Upon user selection of a buy selector, the user's log on status and payment information are determined, and, if necessary, th...