US Patent Issued to Capital One Services on May 19 for "Proximity-based and multi-time-based deactivation and/or activation related to a token" (Virginia Inventor)

ALEXANDRIA, Va., May 19 -- United States Patent no. 12,634,701, issued on May 19, was assigned to Capital One Services LLC (McLean, Va.).

"Proximity-based and multi-time-based deactivation and/or activation related to a token" was invented by Baris Bilek (Leesburg, Va.).

According to the abstract* released by the U.S. Patent & Trademark Office: "In some embodiments, proximity-based deactivation or activation related to a token (or one or more features related to the token) may be facilitated. As one example, methods and systems are described herein for deactivating use related to a token (e.g., outside a range of a first mobile device communicating with the token via a first link key) based on multiple "outside-of-range" threshold times. ...