US Patent Issued to MasterCard International on May 26 for "Method of processing digital checks" (Missouri Inventors)

ALEXANDRIA, Va., May 26 -- United States Patent no. 12,639,678, issued on May 26, was assigned to MasterCard International Inc. (Purchase, N.Y.).

"Method of processing digital checks" was invented by Christopher T. Scholl (Manchester, Mo.), David Vorhies (Saint Ann, Mo.) and Shawn Mehrhoff (Saint Ann, Mo.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method of processing digital checks is provided. The payor enters a payee name and the financial amount to be paid into a digital check software application. The digital check is then transmitted to the payee. The payee is able to view parts of the digital check while some parts of the digital check remain encrypted and unobservable by the payee. The payee th...