US Patent Issued to ROYAL BANK OF CANADA on Dec. 16 for "Payment card with secure element and replenishable tokens" (Canadian, American Inventors)

ALEXANDRIA, Va., Dec. 16 -- United States Patent no. 12,499,435, issued on Dec. 16, was assigned to ROYAL BANK OF CANADA (Toronto).

"Payment card with secure element and replenishable tokens" was invented by Edison U. Ortiz (Orlando, Fla.) and Mohit Murli Ahuja (Mississauga, Canada).

According to the abstract* released by the U.S. Patent & Trademark Office: "An electronic payment device and methods of its operation are disclosed. The payment device has a secure element for storing payment tokens, each associated with a payment card; an input interface that enables a user to select from among the payment cards; a display interface; and a processor. In response to a user selection of one of the payment cards by way of the input interface, a...