US Patent Issued to Bank of America on Sept. 30 for "System and method for validating an interaction using an agreement key" (Indian Inventors)

ALEXANDRIA, Va., Sept. 30 -- United States Patent no. 12,432,052, issued on Sept. 30, was assigned to Bank of America Corp. (Charlotte, N.C.).

"System and method for validating an interaction using an agreement key" was invented by Gowri Sundar Suriyanarayanan (Chennai, India), Maneesh Kumar Sethia (Hyderabad, India), Abhijit Behera (Hyderabad, India) and Shailendra Singh (Thane West, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system includes a memory and a processor that validates an interaction between an initiating and a receiving device. An encrypted request is received to perform the interaction and the processor extracts an initiating device identification, a receiving device identification...