US Patent Issued to Rebate Assets on Nov. 25 for "One action based processing of a contingent asset secure token" (Illinois Inventors)

ALEXANDRIA, Va., Nov. 25 -- United States Patent no. 12,481,989, issued on Nov. 25, was assigned to Rebate Assets LLC (Rockford, Ill.).

"One action based processing of a contingent asset secure token" was invented by Gary W. Grube (Barrington Hills, Ill.) and Peter M. Shannon III (Western Springs, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method includes a computing entity issuing to an asset authenticity computing entity a request to select and authenticate a digital record that represents an available contingent asset based on a digital record representing a hypothetical contingent asset to produce a selected contingent asset. The method further includes determining that authenticity informatio...