ALEXANDRIA, Va., July 21 -- United States Patent no. 12,688,499, issued on July 21, was assigned to LOGIN ID INC. (San Mateo, Calif.).
"Device and systems for provisioning and verifying tokens with strong identity and strong authentication" was invented by William Leddy (Lakeway, Texas) and Simon Law (San Mateo, Calif.).
According to the abstract* released by the U.S. Patent & Trademark Office: "Tokens are used for payment systems. The tokens are references or proxies to actual payment credit card or banking card numbers to improve security. However, verification of these tokens are often limited and rigid systems and are prone fraud. An improved token framework system is provided to allow for different entities to provision and verify th...