US Patent Issued to Capital One Services on March 18 for "Dynamic virtual transaction card management system" (California, New York Inventors)

ALEXANDRIA, Va., March 19 -- United States Patent no. 12,254,461, issued on March 18, was assigned to Capital One Services LLC (McLean, Va.).

"Dynamic virtual transaction card management system" was invented by Mohak Chadha (San Francisco) and Allison Fenichel (Brooklyn, N.Y.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Methods, systems, and apparatuses are described herein for generating and managing virtual transaction cards based on mobile device location so as to provide transaction security during in-person transactions. A geographic location of a mobile device may be determined, a proximate merchant may be selected, and a virtual transaction card may be generated for that particular merchant. Data co...