US Patent Issued to Visa International Service Association on Feb. 17 for "System and method for revocable peer-to-peer payments" (California Inventors)

ALEXANDRIA, Va., Feb. 17 -- United States Patent no. 12,555,105, issued on Feb. 17, was assigned to Visa International Service Association (San Francisco).

"System and method for revocable peer-to-peer payments" was invented by Gurpreet Singh Bhasin (Fremont, Calif.) and Saswat Kumar Nayak (San Jose, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method, system, and computer program product is provided for revocable peer-to-peer payments. The method includes generating an asymmetric key pair comprising a first key and a second key, encrypting at least a portion of the peer-to-peer payment data with the first key to generate encrypted payment data, storing the encrypted payment data, communicating th...