ALEXANDRIA, Va., March 3 -- United States Patent no. 12,567,070, issued on March 3, was assigned to PayPal Inc. (San Jose, Calif.).

"System and method for simplified checkout" was invented by Shilpa Dhar (Los Altos, Calif.), Jeff Harrell (San Jose, Calif.), Cody Evol (San Francisco) and Cristina Escutia (Austin, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "In various embodiments, a system and method for providing simplified checkout are provided. In example embodiments, an identifier that corresponds to a payment account of a user is received at a payment provider system. Account information from the payment account of the user is retrieved from a payment data storage of the payment provider system. ...