US Patent Issued to Citibank on May 19 for "Resource transmission based on time intervals" (South Dakota, Texas Inventors)

ALEXANDRIA, Va., May 19 -- United States Patent no. 12,632,309, issued on May 19, was assigned to Citibank N.A. (New York).

"Resource transmission based on time intervals" was invented by Michael Draayer (Sioux Falls, S.D.), Stephanie G. Smith (Sioux Falls, S.D.) and Shankar Ramachandran (Frisco, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for time-based resource allocation are disclosed herein. A system receives requests for intermediate allocation of a set of resources during a first period of time. Each request may include a target entity to receive a portion of the intermediate allocation and a user-linked resource token. The system determines a first subset of the set of res...