ALEXANDRIA, Va., June 18 -- United States Patent no. 12,327,157, issued on June 10, was assigned to Apple Inc. (Cupertino, Calif.).

"Techniques for managing physical cards stored in a physical wallet" was invented by Joel N. Ruscher (Fremont, Calif.), Amrith V. Ram (Los Gatos, Calif.), James E. Orr (Cupertino, Calif.), Travis J. McQueen (Lee, N.H.) and Jack Erdozain Jr. (Santa Clara, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "This Application sets forth techniques for managing (e.g., tracking or detecting the presence or absence of) physical cards stored in a physical wallet. In particular, the techniques set forth a smart wallet configured to detect the physical cards stored therein, as well as a...