US Patent Issued to Custodia on Feb. 17 for "Programmatic approvals of corporate spend and employee expense" (American, Israeli Inventors)

ALEXANDRIA, Va., Feb. 17 -- United States Patent no. 12,555,119, issued on Feb. 17, was assigned to Custodia Inc. (New York).

"Programmatic approvals of corporate spend and employee expense" was invented by Elad Efraim (New York), Jonathan Heller (Nirit, Israel) and James Hackett (Port Washington, N.Y.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method of approving expenditures in real-time, comprising receiving an expenditure request initiated by a user associated with an organization for transferring funds of the organization in exchange for one or more products and/or services, identifying request attribute(s) relating to the user, the value, the funds, the product, the service, a time of reception o...