US Patent Issued to ROYAL BANK OF CANADA on March 25 for "Secure processing of electronic payments" (Canadian, American Inventors)

ALEXANDRIA, Va., March 26 -- United States Patent no. 12,260,406, issued on March 25, was assigned to ROYAL BANK OF CANADA (Montreal).

"Secure processing of electronic payments" was invented by Stephen James Scott (Oakville, Canada), Weiqiang Yin (Mississauga, Canada), Edison U. Ortiz (Orlando, Fla.), Terry W. Lee (Toronto), Gabriel Y. Woo (Toronto), Judy Dinn (Toronto) and Chai Lam (Toronto).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems, methods and data structures for the processing of data for the secure creation, administration, manipulation, processing, and storage of electronic data useful in the processing of electronic payment transactions and other secure data processes. Aspects of such syst...