US Patent Issued to Bank of America on Jan. 27 for "Virtual cash with flagging or tracking of suspicious transactions" (New York, Texas, New Jersey, Virginia Inventors)

ALEXANDRIA, Va., Jan. 28 -- United States Patent no. 12,536,541, issued on Jan. 27, was assigned to Bank of America Corp. (Charlotte, N.C.).

"Virtual cash with flagging or tracking of suspicious transactions" was invented by Steven Greene (New York), Kerry Vaughan (Pennington, N.J.), Srinath Chakravarty (Plano, Texas), Aravind Shankaragouda Singtalur (McKinney, Texas), Dinesh Kumar Agrawal (Rowlett, Texas), Stephen Belton (Garden City, N.Y.), Kenneth Boyd (Richmond, Va.) and Petar Puskarich (Plano, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for transferring a good or service from a d+b wallet-supporting vendor to a user registered with a digital+bitcoin (d+b) wallet is provided. The user m...