ALEXANDRIA, Va., Aug. 18 -- United States Patent no. 12,711,487, issued on Aug. 18, was assigned to SAMSUNG ELECTRONICS Co. Ltd. (Suwon-si, South Korea).

"Payment method and device using ultra-wideband communication" was invented by Jihye Lee (Suwon-si, South Korea), Sungkyu Cho (Suwon-si, South Korea) and Kangjin Yoon (Suwon-si, South Korea).

According to the abstract* released by the U.S. Patent & Trademark Office: "The present disclosure discloses a method for a UWB-based payment service. A method of a first electronic device using UWB communication, of the present disclosure, may comprise the operations of: receiving, from a second electronic device, an initiation message for UWB ranging, which includes a random number generated by me...