ALEXANDRIA, Va., Aug. 12 -- United States Patent no. 12,705,585, issued on Aug. 11, was assigned to MX TECHNOLOGIES INC. (Lehi, Utah).
"Virtual subaccounts" was invented by Denna Lawrence (Lehi, Utah) and Justin Martin (Cottonwood Heights, Utah).
According to the abstract* released by the U.S. Patent & Trademark Office: "Apparatuses, systems, methods, and computer program products are disclosed for virtual sub accounts. An apparatus includes an actual account module that receives information for an actual user account at a financial institution. An apparatus includes a virtual account module that creates a virtual account that comprises a simulated user account at a financial institution that is managed by an actual user account. An appar...