US Patent Issued to Bank of America on Oct. 21 for "System and method for allocating transfer of data from a data file" (North Carolina, New Jersey Inventors)

ALEXANDRIA, Va., Oct. 28 -- United States Patent no. 12,452,066, issued on Oct. 21, was assigned to Bank of America Corp. (Charlotte, N.C.).

"System and method for allocating transfer of data from a data file" was invented by Naga Vamsi Krishna Akkapeddi (Charlotte, N.C.) and Siten Sanghvi (Westfield, N.J.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A processor receives a request to delegate, to a second user, one or more scheduled transfers of data objects from a first data file to a first entity. In response, the processor generates and transmits digital tokens amounting to a first amount of data objects allocated to the second user for the scheduled transfers. The processor receives a second request fr...