US Patent Issued to HSBC TECHNOLOGY & SERVICES (USA) on Aug. 5 for "Methods and systems for verifying customer supplied financial account information using debit and credit transactions" (New Jersey Inventors)

ALEXANDRIA, Va., Aug. 6 -- United States Patent no. 12,380,436, issued on Aug. 5, was assigned to HSBC TECHNOLOGY & SERVICES (USA) INC. (Arlington Heights, Ill.).

"Methods and systems for verifying customer supplied financial account information using debit and credit transactions" was invented by Mark Hibbard (Chatham, N.J.) and Stuart Bain (Jersey City, N.J.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Embodiment of the invention describe methods and systems for verifying customer supplied financial account information verification using debit and credit transactions. In some embodiments, these methods include electronically transmitting an electronic debit and credit transaction to the customer financia...