US Patent Issued to Wells Fargo Bank on July 21 for "Enhanced one-time passcode devices" (California Inventor)

ALEXANDRIA, Va., July 21 -- United States Patent no. 12,689,622, issued on July 21, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Enhanced one-time passcode devices" was invented by Weston Thackeray Thompson (Claremont, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A third verification factor is introduced into the two-factor authentication process, thereby establishing a robust three-factor authentication system. Specifically, a One-Time Password (OTP) that is typically generated for authentication purposes undergoes an additional layer of security by utilizing the OTP in a data authentication scheme of a user's chip-enabled credit, debit, banking, or similar card. An enhanced OTP generato...