US Patent Issued to Truist Bank on May 26 for "Detokenization of an electronic request initiated using a mobile application" (North Carolina, Georgia Inventors)

ALEXANDRIA, Va., May 26 -- United States Patent no. 12,641,071, issued on May 26, was assigned to Truist Bank (Charlotte, N.C.).

"Detokenization of an electronic request initiated using a mobile application" was invented by Michael Hicks (Fuquay-Varina, N.C.) and Bruce Richards (Climax, Ga.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system includes a processing device and a memory device that includes instructions executable by the processing device for causing the processing device to perform operations. The system can receive an inquiry request generated by a software application in response to receiving a validation request to validate an identity of an entity initiating the validation request. Base...