US Patent Issued to Wells Fargo Bank on Sept. 1 for "Interbank account verification and funds transfer system and method" (California, Minnesota, Florida Inventors)

ALEXANDRIA, Va., Sept. 1 -- United States Patent no. 12,725,202, issued on Sept. 1, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Interbank account verification and funds transfer system and method" was invented by Al Hecht (San Francisco), Ann Kirk (Deerwood, Minn.), Michael Miller (Fort Meyers, Fla.), Karen Moore (Vacaville, Calif.) and Melanie Gipe (Danville, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer-implemented method performed by a depository computing system includes receiving a check deposit and a withdrawal request associated with a customer account of a customer where the customer account is associated with a first amount and the withdrawal request comprises a second...