US Patent Issued to Visa International Service Association on Feb. 24 for "System and method for implementing a key-code based money transfer" (Washington Inventor)

ALEXANDRIA, Va., Feb. 24 -- United States Patent no. 12,561,678, issued on Feb. 24, was assigned to Visa International Service Association (San Francisco).

"System and method for implementing a key-code based money transfer" was invented by Vladimir Andral (Bellevue, Wash.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system includes a processor and a non-transitory computer readable medium coupled to the processor. The non-transitory computer readable medium comprises code that when executed by the processor, causes the processor to receive a money transfer amount indicative of an amount of funds to be transferred to a recipient. The processor generates a key code associated with the money transfer amoun...