US Patent Issued to Block on Aug. 26 for "Encapsulation of payment accounts with tokenization" (California, New York Inventors)

ALEXANDRIA, Va., Aug. 26 -- United States Patent no. 12,400,220, issued on Aug. 26, was assigned to Block Inc. (Oakland, Calif.).

"Encapsulation of payment accounts with tokenization" was invented by Dennis Jarosch (Berkeley, Calif.), Gillian May Lian Wee (Brooklyn, N.Y.), Paul Abraham Botros (Berkeley, Calif.), Michael Ward (San Francisco), Anusha Ramanujam (San Francisco) and Julian Hua (Walnut Creek, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for encapsulating transaction instrument information in a transaction includes storing, in association with a first transaction and by a processor of the primary transaction processor server, transaction data associated with a transaction instrume...