US Patent Issued to Bank of America on May 26 for "Multi-factor user authentication" (Singaporean, Chinese Inventors)

ALEXANDRIA, Va., May 26 -- United States Patent no. 12,639,707, issued on May 26, was assigned to Bank of America Corp. (Charlotte, N.C.).

"Multi-factor user authentication" was invented by Ra Uf Ridzuan Bin Ma Arof (Singapore), Harish Tammaji Kulkarni (Singapore), Kumudini Choyal (Tung Chung, Hong Kong), Nhat Minh Nguyen (Singapore) and Surendran Surendran (Singapore).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system for multi-factor user authentication for payment card-based transactions are described. The multifactor authentication may be based on a one-time passcode/password (OTP) as sent by an authentication server. A user device may, based on receiving the OTP, send an authentication code. The aut...