US Patent Issued to Poynt on Sept. 29 for "Payment terminal operation method and system therefor" (California Inventors)

ALEXANDRIA, Va., Sept. 30 -- United States Patent no. 12,749,061, issued on Sept. 29, was assigned to Poynt LLC (Tempe, Ariz.).

"Payment terminal operation method and system therefor" was invented by Osama Bedier (Palo Alto, Calif.), Ray Tanaka (Palo Alto, Calif.), Praveen Alavilli (Palo Alto, Calif.), Syed Fayez Asar (Palo Alto, Calif.) and Victor Chau (Palo Alto, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method of payment terminal operation, including: receiving a payment collection request for a payment from an application, generating a payment initiation request for the payment, sending the payment initiation request to a secure processing system, switching the secure processing system from...