US Patent Issued to Capital One Services on May 26 for "System and method for creating automatic expiring transactions for a credit card" (Illinois Inventors)

ALEXANDRIA, Va., May 26 -- United States Patent no. 12,639,717, issued on May 26, was assigned to Capital One Services LLC (McLean, Va.).

"System and method for creating automatic expiring transactions for a credit card" was invented by Austin Grant Walters (Savoy, Ill.), Jeremy Edward Goodsitt (Champaign, Ill.) and Fardin Abdi Taghi Abad (Champaign, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system and method are disclosed in which a user engaging in an online or in-person transaction with a merchant may create automatic expiring transactions for a credit card. The user provides the credit card information to an online interface or a point-of-sale device but specifies an expiration date that is o...