US Patent Issued to Capital One Services on May 13 for "Remote creation of virtual credential bound to physical location" (California, New York Inventors)

ALEXANDRIA, Va., June 12 -- United States Patent no. 12,299,090, issued on May 13, was assigned to Capital One Services LLC (McLean, Va.).

"Remote creation of virtual credential bound to physical location" was invented by Aditya Pai (San Francisco) and Allison Fenichel (Brooklyn, N.Y.).

According to the abstract* released by the U.S. Patent & Trademark Office: "In some implementations, a credential system may create a virtual credential bound to a physical location associated with a transacting entity based on a request from a user device. The credential system may send information to a transaction terminal at the physical location bound to the virtual credential to register the virtual credential and identify a user that owns an account ...