US Patent Issued to Capital One Financial on Jan. 20 for "Smart payment card, and computing systems and methods for configuring smart payment card and processing transactions involving smart payment card" (Illinois, Michigan Inventors)

ALEXANDRIA, Va., Jan. 20 -- United States Patent no. 12,530,673, issued on Jan. 20, was assigned to Capital One Financial Corp. (McLean, Va.).

"Smart payment card, and computing systems and methods for configuring smart payment card and processing transactions involving smart payment card" was invented by Sanjeev Singla (Novi, Mich.), Shriprakash Adikumar Band (Rolling Meadows, Ill.) and Bharanicharan Malli Sathyamoorthy (Naperville, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A smart payment card is provisioned with biometric data for an authorized card member and, for at least one financial account, (i) respective financial account information to be used for authorized card-present transactions and...