US Patent Issued to Visa International Service Association on June 24 for "Method and system for federated virtual card" (California, Texas Inventors)

ALEXANDRIA, Va., June 25 -- United States Patent no. 12,340,368, issued on June 24, was assigned to Visa International Service Association (San Francisco).

"Method and system for federated virtual card" was invented by Akon Samir Dey (Foster City, Calif.) and Kingdom Nwachi Iweajunwa (Cedar Park, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "Embodiments provide methods and systems for associating a single token with multiple accounts of a user, and enabling the user to define rules for processing transactions using the token. A Federated Virtual Card (FVC) may be provisioned on a digital wallet of a user device through a token associated with the FVC. Transactions conducted using the FVC may be divide...