US Patent Issued to Capital One Services on July 8 for "Methods and arrangements for proof of purchase" (Maryland, Massachusetts Inventors)

ALEXANDRIA, Va., July 9 -- United States Patent no. 12,354,104, issued on July 8, was assigned to Capital One Services LLC (McLean, Va.).

"Methods and arrangements for proof of purchase" was invented by Kevin Osborn (Newton, Mass.) and Jeffrey Rule (Chevy Chase, Md.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Logic may provide enforce a rate limit for product offers and generate a product token associated for product authentication. Logic may determine a rate limit associated with the product based on an identity of the consumer in a cryptogram for a transaction. Logic may compare the rate limit with a quantity of purchases of the product with a payment instrument provided for payment for the transaction,...