US Patent Issued to Rebate Assets on March 25 for "Updating a set of public benefit assets secure token" (Illinois Inventors)

ALEXANDRIA, Va., March 26 -- United States Patent no. 12,260,402, issued on March 25, was assigned to Rebate Assets LLC (Rockford, Ill.).

"Updating a set of public benefit assets secure token" was invented by Peter M. Shannon III (Western Springs, Ill.) and Gary W. Grube (Barrington Hills, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method executed by a computing entity includes obtaining, in accordance with a securely passing process, control over a secure first token representing a first pending transaction associated with a transaction item. The method further includes obtaining a selection of a first subset of instant assets of a set of candidate instant assets that may be utilized to subsequen...