US 12505423

Patent Overview — US12505423B2

Title: Multi-function smart tokenizing electronic payment device

Patent number: US12505423B2
Application number: US18/125,624 (filed 2023-03-23)
Publication: US20230298000A1 (published 2023-09-21); granted and published as US12505423B2 on 2025-12-23
Inventor: David Wyatt
Assignee: CardWare Inc (original and current assignee as listed)
Priority date: 2013-03-15 (stated as an assumption, not a legal conclusion)
Anticipated expiration: 2034-03-17 (as listed)
Legal status: Active (as listed; an assumption, not a legal conclusion)
Source: https://patents.google.com/patent/[US12505423](/patent/US12505423)/en

Purpose and plain-language scope (per the supplied text): The patent concerns a multi-function, "smart," tokenizing electronic payment device. Based on the classification entries provided, the device falls in payment architectures using cards — specifically active cards containing their own processing means (e.g., an IC or chip) — and covers record carriers with magnetically detectable marking that is emulated, contactless payment cards, chip cards with a sensor or sensor interface, and non-contact smart card antenna construction. Classifications also indicate payment protocols addressing security, including message hashing and use of an alias or single-use code, plus transaction verification such as PIN verification, e-cash/private payment circuits, and peer-to-peer payment schemes. The listed "prior art keywords" are: payment, parameter, transaction, information, per.

What the excerpt does not establish:

• It does not include the claims, abstract, or detailed description, so the actual claimed scope, claim language, and dependencies cannot be confirmed.
• It does not establish the accuracy of the priority date, expiration date, legal status, or assignee listings (each is expressly flagged as an assumption in the source).
• It does not establish validity, enforceability, patentable subject matter, or the content/effect of any prior art.
• No litigation, ownership-transfer, or licensing details are addressed here, consistent with the scope of this overview.
• The excerpt also does not confirm whether the priority date reflects a single earlier application or a chain of related applications (a later US19/429,187 priority entry appears, but its relationship is not explained).