US Patent Issued to JPMORGAN CHASE BANK on May 20 for "Systems and methods for dynamically switching payment mechanisms for outgoing payments" (New York, Pennsylvania, Michigan, North Carolina Inventors)

ALEXANDRIA, Va., June 16 -- United States Patent no. 12,307,434, issued on May 20, was assigned to JPMORGAN CHASE BANK N.A. (New York).

"Systems and methods for dynamically switching payment mechanisms for outgoing payments" was invented by Raghu Vudathu (Downingtown, Pa.), Christy Lillie (Ann Arbor, Mich.), Joe Martei (Brooklyn, N.Y.), Bodhi Hwang (Forest Hills, N.Y.), Justin Dupont (Huntersville, N.C.) and Mark Lanter (Woodside, N.Y.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for dynamically switching payment mechanisms for outgoing payments are disclosed. A method may include: receiving, by a payment mechanism selection computer program, a payment request from an electronic device ...