US Patent Issued to Plaid on Oct. 20 for "Data verified deposits" (New York Inventor)

ALEXANDRIA, Va., Oct. 21 -- United States Patent no. 12,770,146, issued on Oct. 20, was assigned to Plaid Inc. (San Francisco).

"Data verified deposits" was invented by Warren Lowell Putnam (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system and method for verifying account ownership using verified deposits. An ACH verification platform may recognize or detect a verification process involving micro deposits. A verification platform may receive and store user login, initiate the deposits, and monitor the user's account to verify that posting of the deposits was successful. In embodiments, a dedicated web form or portal may be provided for receiving verification information."

The patent was file...