ALEXANDRIA, Va., March 26 -- United States Patent no. 12,260,379, issued on March 25.
"System and method for electronically transferring money" was invented by Antony J. H. Diamond (Boca Raton, Fla.) and Eric Alan Wilson (Boynton Beach, Fla.).
According to the abstract* released by the U.S. Patent & Trademark Office: "A system and method are provided for transferring money from a sender to a receiver. According to the method, non-private identifying information is received. The non-private identifying information is used to determine the identity of the receiver, and an indication is received of an amount of money to be transferred from the sender to the receiver. An account of the sender is debited and an account of the receiver is credi...