ALEXANDRIA, Va., Jan. 20 -- United States Patent no. 12,530,672, issued on Jan. 20, was assigned to Wells Fargo Bank N.A. (San Francisco).
"Pre-authorized transfer" was invented by Sreenivasa Reddy Garlapati (Hyderabad, India) and Samanth Mathi (Hyderabad, India).
According to the abstract* released by the U.S. Patent & Trademark Office: "Various examples described herein are directed to systems and methods that provide a pre-authorized amount from a user to an intended recipient that is remote from the user. A quick response (QR) code provided from a recipient is read. The QR code includes the pre-authorized amount to be withdrawn from an account associated the user and image data associated with the intended recipient. Image data associ...