US Patent Issued to Rebate Assets on May 26 for "Utilizing a contingent asset secure token" (Illinois Inventors)

ALEXANDRIA, Va., May 26 -- United States Patent no. 12,639,713, issued on May 26, was assigned to Rebate Assets LLC (Rockford, Ill.).

"Utilizing a contingent asset secure token" was invented by Gary W. Grube (Barrington Hills, Ill.) and Peter M. Shannon III (Western Springs, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method includes a computing entity issuing a request to select and authenticate a digital record that represents a secure first token representing utilization of a contingent asset to securely establish a contingent asset solution for a first pending transaction associated with a transaction item. The method further includes generating a contingent asset digital record representing th...