US Patent Issued to United Services Automobile Association (USAA) on Aug. 5 for "System and method for digital payments using blockchain with merchant keys" (Texas Inventors)

ALEXANDRIA, Va., Aug. 6 -- United States Patent no. 12,380,445, issued on Aug. 5, was assigned to United Services Automobile Association (USAA) (San Antonio).

"System and method for digital payments using blockchain with merchant keys" was invented by Yevgeniy Viatcheslavovich Khmelev (San Antonio) and Gregory Brian Meyer (San Antonio).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for fault tolerant digital payments are disclosed. The system comprises a computing system that can automatically determine if payments should be processed using a digital payment processing system, or using a blockchain. When the system detects that communication with the digital payment processing system has b...