US Patent Issued to Wells Fargo Bank on Feb. 3 for "System and method of authentication using a re-writable security value of a transaction card" (California, Minnesota Inventors)

ALEXANDRIA, Va., Feb. 3 -- United States Patent no. 12,542,034, issued on Feb. 3, was assigned to Wells Fargo Bank N.A. (San Francisco).

"System and method of authentication using a re-writable security value of a transaction card" was invented by Michael Thomas (San Francisco), Jesse Lee (Dublin, Calif.), Steve Puffer (Champlin, Minn.) and Jerome Rhodes (Hayward, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for authenticating a transaction includes replacing a first security value of a transaction device with a second security value; receiving, during a first transaction, the second security value; authenticating the first transaction based at least in part on the second security value; de...