US Patent Issued to Visa International Service Association on June 17 for "Multi-network tokenization processing" (California Inventors)

ALEXANDRIA, Va., June 19 -- United States Patent no. 12,333,528, issued on June 17, was assigned to Visa International Service Association (San Francisco).

"Multi-network tokenization processing" was invented by Prasanna L. Narayan (San Ramon, Calif.), Glenn Powell (Fremont, Calif.), John Sheets (San Francisco), Paul Tait (San Mateo, Calif.) and Andrew Carpenter (Belmont, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems, apparatuses, and methods are provided for enabling a transaction using a token associated with a first payment network to be conducted using a second payment network. When a transaction using a token is submitted to a payment network, the payment network can determine the paymen...