US Patent Issued to Yahoo Assets on Sept. 1 for "Systems and methods for processing electronic transactions based on consumer characteristics" (New Jersey, New York Inventors)

ALEXANDRIA, Va., Sept. 1 -- United States Patent no. 12,725,144, issued on Sept. 1, was assigned to Yahoo Assets LLC (New York).

"Systems and methods for processing electronic transactions based on consumer characteristics" was invented by Philip J. Philliou (Haworth, N.J.), Dean S. Pappas (Middletown, N.J.), Jonathan I. Brod (New York), Kenneth H Dichter (Livingston, N.J.) and Timothy J. Lemmon (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "Methods are disclosed for processing electronic transactions between a merchant and a consumer based on physical geography. A method includes receiving payment data associated with a consumer payment card; transmitting the payment data, over a network, to a thi...