US Patent Issued to Lithic on Jan. 7 for "Systems and methods for dynamic authorization of virtual bank account transactions" (New York, Oregon, Connecticut, California Inventors)

ALEXANDRIA, Va., Jan. 23 -- United States Patent no. 12,190,325, issued on Jan. 7, was assigned to Lithic Inc. (New York).

"Systems and methods for dynamic authorization of virtual bank account transactions" was invented by Jason William Kruse (Portland, Ore.), Kamil Sindi (New Canaan, Conn.), Jonathan Andrew Oei (Pacific Palisades, Calif.) and Zhengyang Cong (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "In one embodiment, a method includes receiving, from a receiver processor, a transaction authorization request to authorize a transaction associated with a transfer of resources to a receiving entity from a user, the request including publicly routable account credentials of a virtual bank account...