US Patent Issued to GiftYa on Aug. 19 for "System and method for managing gift credits for corporate benefits and offers" (Maryland, California, Pennsylvania, Virginia Inventors)

ALEXANDRIA, Va., Aug. 20 -- United States Patent no. 12,393,968, issued on Aug. 19, was assigned to GiftYa LLC (Pittsburgh).

"System and method for managing gift credits for corporate benefits and offers" was invented by Thomas M. Isaacson (Huntingtown, Md.), Ryan C. Durham (Dunkirk, Md.), Jason Wolfe (Sewickley, Pa.), Patrick Ledbetter (Arlington, Va.) and Adam Ludwig (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system transfers money to a recipient's payment card account, without requiring an additional payment card or a recipient's payment card or account information. A recipient registers a payment account with a service provider. A system receives an identification, generated from an ...