ALEXANDRIA, Va., July 9 -- United States Patent no. 12,355,732, issued on July 8.
"Transactional identity system and server" was invented by Shaunt M. Sarkissian (Reno, Nev.), Dave Campbell (Morgan Hill, Calif.), Armen Grigorayan (Yerevan, Armenia) and Michael Valasanyan (Yerevan, Armenia).
According to the abstract* released by the U.S. Patent & Trademark Office: "Disclosed are systems, servers and methods for a novel, multifactor-token based framework for securely executing electronic transactions while protecting user and transactional data related to and/or communicated during the transactions. The disclosed systems and methods enable an on-demand multifactor token to be generated for electronic transactions, whereby the tokens can be...