US Patent Issued to Wells Fargo Bank on Sept. 1 for "Distributed ledger technology utilizing cardless payments" (California, Arizona, Minnesota Inventors)

ALEXANDRIA, Va., Sept. 1 -- United States Patent no. 12,725,157, issued on Sept. 1, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Distributed ledger technology utilizing cardless payments" was invented by Duc M. Trinh (Golden Valley, Minn.), Nikolai Stroke (Gilbert, Ariz.) and Harmit Singh Dhanoa (Mountain House, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems, methods and computer-readable storage media utilized to complete a cardless transaction on a distributed ledger network. One method includes receiving, by a point-of-sale (POS) computing device, a transaction request including a biometric sample from an individual associated with a payment account at a financial institution. Th...