US Patent Issued to Bank of America on March 25 for "Hash-based transaction tagging" (North Carolina, Texas Inventors)

ALEXANDRIA, Va., March 26 -- United States Patent no. 12,260,404, issued on March 25, was assigned to Bank of America Corp. (Charlotte, N.C.).

"Hash-based transaction tagging" was invented by George Albero (Charlotte, N.C.) and William August Stahlhut (The Colony, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "Apparatus and methods for determining transaction transmission fidelity are provided. A sender may receive a transaction log including multiple transactions in two or more rows and two or more columns. The transaction log may be encrypted. Each of the transactions may be tagged. Each row and column of the transaction log may be hashed. The encrypted transaction log and the hash values may be tran...