US Patent Issued to Wells Fargo Bank on June 23 for "Exchange model utilizing data elements" (California, Minnesota Inventors)

ALEXANDRIA, Va., July 15 -- United States Patent no. 12,664,531, issued on June 23, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Exchange model utilizing data elements" was invented by Alan W. Hecht (Chanhassen, Minn.), Tina Diane McCoy (San Francisco) and Sotirios K. Barkas (San Jose, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems, methods, and computer-readable storage media of performing exchanges based on an exchange model utilizing data elements are disclosed. One method includes receiving, by a first processing circuit from a biller computing system of a biller, a data set comprising a consumer digital payment system (DPS) token associated with a consumer of a second processin...