ALEXANDRIA, Va., Nov. 6 -- United States Patent no. 12,462,235, issued on Nov. 4, was assigned to JPMORGAN CHASE BANK N.A. (New York).
"Person to business payment system and method" was invented by Brent J. Bahnub (Dublin, Ohio) and Howard Spector (Street, Md.).
According to the abstract* released by the U.S. Patent & Trademark Office: "The invention relates to a computer-implemented system and method for receiving at a business an electronic person to business (P2B) payment from an individual. The method may comprise the steps of contacting an individual having a demand deposit account (DDA) to request the P2B payment in an amount that is due to the business; providing a designated electronic address for the business for receiving the P2...