US Patent Issued to Wells Fargo Bank on Jan. 13 for "Systems and methods for proximity-based transaction limit threshold override" (North Carolina, Texas, Utah Inventors)

ALEXANDRIA, Va., Jan. 13 -- United States Patent no. 12,524,747, issued on Jan. 13, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Systems and methods for proximity-based transaction limit threshold override" was invented by William Blakely Belchee (Charlotte, N.C.), Matthew S. Brookshire (Cottonwood Heights, Utah), John Andrew Chuprevich (Davidson, N.C.), Daniel Sanford (Charlotte, N.C.), Christopher Gaston Seagram (Frisco, Texas) and Matthew N. Wheeler (Charlotte, N.C.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method may include receiving, using a processing unit at a service endpoint, from a first computing device a request to initiate a transfer from a first account to a second account, t...