US Patent Issued to Worldpay on June 16 for "Systems and methods for multi-merchant tokenization" (Colorado Inventors)

ALEXANDRIA, Va., June 16 -- United States Patent no. 12,657,581, issued on June 16, was assigned to Worldpay LLC (Symmes Township, Ohio).

"Systems and methods for multi-merchant tokenization" was invented by Michelle K. Plomske (Durango, Colo.), Charles E. Watts (Durango, Colo.) and Matthew D. Ozvat (Durango, Colo.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for multi-merchant tokenization may include receiving a transaction from a point of sale terminal of a merchant, validating the merchant ID against merchant logs, and generating a token for the transaction. The token includes a primary account number, expiration, and a group ID. Additionally, the system provides the primary account...