US Patent Issued to Visa International Service Association on Feb. 24 for "Interoperable system, method, and computer program product for dispensing funds" (Emirati Inventor)

ALEXANDRIA, Va., Feb. 24 -- United States Patent no. 12,561,658, issued on Feb. 24, was assigned to Visa International Service Association (San Francisco).

"Interoperable system, method, and computer program product for dispensing funds" was invented by Ranveer Raj Jain (Dubai, United Arab Emirates).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for dispensing funds including receiving a withdrawal initiation request generated by a user device of a user, generating an authentication code associated with the withdrawal initiation request, receiving a withdrawal completion request from at least one of an automated teller machine (ATM) and/or a merchant point-of-sale (POS) device, validating the withdra...