US Patent Issued to Capital One Services on Feb. 3 for "Converting limited use token to stored credential" (Virginia Inventors)

ALEXANDRIA, Va., Feb. 3 -- United States Patent no. 12,541,749, issued on Feb. 3, was assigned to Capital One Services LLC (McLean, Va.).

"Converting limited use token to stored credential" was invented by Jeffrey Carlyle Wieker (Falls Church, Va.) and Jeffrey M. Samitt (Glen Allen, Va.).

According to the abstract* released by the U.S. Patent & Trademark Office: "In some implementations, a token system may generate a limited use token for use in a first transaction between a user and a transacting entity. The token system may store one or more rules to amortize a value associated with the first transaction over multiple installments. The token system may receive a second request to map the limited use token to an open-ended account associ...