US Patent Issued to Wells Fargo Bank on Feb. 18 for "Multi-modal parameterization of digital tokens involving multiple entities in defined networks" (California, Minnesota Inventors)

ALEXANDRIA, Va., Feb. 19 -- United States Patent no. 12,229,735, issued on Feb. 18, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Multi-modal parameterization of digital tokens involving multiple entities in defined networks" was invented by Alan W. Hecht (Chanhassen, Minn.), Robert Jacobs (San Francisco) and Adam E. Vancini (Concord, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Disclosed is an approach that enables generation of parameterized digital tokens for unique tags in, for example, digital payment platforms. The unique tags may be agnostic to accounts, such that they do not require changes to administration or ownership of existing accounts, which may be held at different institut...