US Patent Issued to MERCHANT LINK on Aug. 12 for "Electronic authorization system and method" (Virginia, Maryland, Colorado Inventors)

ALEXANDRIA, Va., Aug. 12 -- United States Patent no. RE50,529, issued on Aug. 12, was assigned to MERCHANT LINK LLC (Allentown, Pa.).

"Electronic authorization system and method" was invented by Stephanie Bauer Marshall (Arlington, Va.), Jonathan N. Freedman (Chevy Chase, Md.), Daniel J. Lane (North Potomac, Md.), Miriam Jaffe (Columbia, Md.) and Susan M. Zloth (Castle Rock, Colo.).

According to the abstract* released by the U.S. Patent & Trademark Office: "An electronic authorization system comprising a data source system configured to transmit transaction data. A secure data system is coupled to the data source system over an open network, the secure data system is configured to receive the transaction data from the data source system, ...