US Patent Issued to Home Depot Product Authority on Feb. 24 for "Post payment processing tokenization in merchant payment processing" (Georgia, Texas Inventors)

ALEXANDRIA, Va., Feb. 24 -- United States Patent no. 12,561,674, issued on Feb. 24, was assigned to Home Depot Product Authority LLC (Atlanta).

"Post payment processing tokenization in merchant payment processing" was invented by Apekshith Ramesha (Sugar Hill, Ga.), John Laffoon (Leander, Texas) and Stephen Pitts (Dallas, Ga.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for payment processing include receiving, by a payment terminal, a personal account number to complete a payment. The personal account number is encrypted by the payment terminal. The encrypted personal account number is sent from the payment terminal to a merchant server via a network. The encrypted personal account num...