ALEXANDRIA, Va., March 24 -- United States Patent no. 12,586,055, issued on March 24, was assigned to Stripe LLC (South San Francisco, Calif.).
"System and method for near field communications payment" was invented by Hwai Sian Tsai (Hong Kong, Hong Kong), Wayne Gan (Hong Kong, Hong Kong) and Chi Wah Lo (Hong Kong, Hong Kong).
According to the abstract* released by the U.S. Patent & Trademark Office: "A card detection subsystem for control of a payment card reader, where the payment card reader comprises a magnetic stripe reader (MSR), an integrated circuit card (ICC) reader, and a near field communications (NFC) reader, and the NFC reader comprises an antenna. The card detection subsystem includes a processor, a storage, and one or more ...