US Patent Issued to Wells Fargo Bank on Sept. 8 for "Commercial beneficiary profiles for transactions" (Pennsylvania, Nebraska Inventors)

ALEXANDRIA, Va., Sept. 8 -- United States Patent no. 12,731,142, issued on Sept. 8, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Commercial beneficiary profiles for transactions" was invented by Sean Edward Falese (Jenkintown, Pa.) and Nathanial David Sanders (Papillion, Neb.).

According to the abstract* released by the U.S. Patent & Trademark Office: "An example computer system for facilitating transactions using commercial profiles can include: one or more processors; and non-transitory computer-readable storage media encoding instructions which, when executed by the one or more processors, causes the computer system to: create a commercial profile for a first party to a transaction; cryptographically secure the commercial pr...