US Patent Issued to Wells Fargo Bank on July 29 for "Systems and methods for collateral deposit identification" (California Inventors)

ALEXANDRIA, Va., July 30 -- United States Patent no. 12,373,887, issued on July 29, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Systems and methods for collateral deposit identification" was invented by Peter Ho (Walnut Creek, Calif.), Robin Lo (San Francisco) and Lisa M. Schur (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "A secured credit provider computing system is provided. The system includes a network interface configured to communicate data over a network and a processing circuit including one or more processors coupled to non-transitory memory. The processing circuit is configured to receive, from a user computing device, an application for secured credit; generate a passc...