ALEXANDRIA, Va., Oct. 28 -- United States Patent no. 12,456,102, issued on Oct. 28, was assigned to PayPal Inc. (San Jose, Calif.).
"System and method for implementing fast payouts" was invented by William Earl Crowley (Vancouver, Canada), Michael Ting (San Carlos, Calif.) and David Koch (Vancouver, Canada).
According to the abstract* released by the U.S. Patent & Trademark Office: "A system and method for implementing a fast payment is described. A request to execute a payout to a payee account is received, where the request includes information about the payout. At least one payment rail available for the requested payout is determined from a plurality of payment rails based on the included information. Rules associated with each of the...