US Patent Issued to The Toronto-Dominion Bank on Oct. 7 for "On-demand real-time tokenization systems and methods" (Canadian Inventors)

ALEXANDRIA, Va., Oct. 8 -- United States Patent no. 12,437,089, issued on Oct. 7, was assigned to The Toronto-Dominion Bank (Toronto).

"On-demand real-time tokenization systems and methods" was invented by Meline Nikoghossian (Toronto) and Wojciech Chowanski (Toronto).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for on-demand tokenization of data. Sensitive data elements are tokenized according to a standardized approach, with the resulting token being, or incorporating, a universally unique identifier (UUID). Each payload-token mapping is stored in a distributed key-value database, with the input payload serving as the basis for the key and the generated token stored as the value. The d...