US Patent Issued to Bank of America on Sept. 2 for "System and method for authentication of resource transfers using tokenization as indicator of authorized resource distribution" (North Carolina Inventors)

ALEXANDRIA, Va., Sept. 3 -- United States Patent no. 12,406,258, issued on Sept. 2, was assigned to Bank of America Corp. (Charlotte, N.C.).

"System and method for authentication of resource transfers using tokenization as indicator of authorized resource distribution" was invented by Sanjay Arjun Lohar (Charlotte, N.C.), James J. Siekman (Charlotte, N.C.), Marabella Youkhaneh White (Charlotte, N.C.), Pamela Elizabeth Barnes (Waxhaw, N.C.) and Nicholas Stephen Rose (Charlotte, N.C.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system is provided for authentication of resource transfers using tokenization as indicator of authorized resource distribution. In particular, the system may be configured to gener...