US Patent Issued to Bank of America on Sept. 8 for "System and method for authentication using tokenization of a resource prior to resource allocation" (North Carolina Inventors)

ALEXANDRIA, Va., Sept. 8 -- United States Patent no. 12,730,915, issued on Sept. 8, was assigned to Bank of America Corp. (Charlotte, N.C.).

"System and method for authentication using tokenization of a resource prior to resource allocation" was invented by Sanjay Arjun Lohar (Charlotte, N.C.), James J. Siekman (Charlotte, N.C.), Marabella Youkhaneh White (Charlotte, N.C.), Pamela Elizabeth Barnes (Waxhaw, N.C.) and Nicholas Stephen Rose (Charlotte, N.C.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system is provided for authentication using tokenization of a resource prior to resource allocation. In particular, the system may generate a resource token associated with a target resource to be transferred ...