US Patent Issued to Wells Fargo Bank on July 29 for "Systems and methods for cross-border payments via distributed ledger-based payment rail" (North Carolina, California Inventors)

ALEXANDRIA, Va., July 30 -- United States Patent no. 12,373,804, issued on July 29, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Systems and methods for cross-border payments via distributed ledger-based payment rail" was invented by Mayur Chheda (Charlotte, N.C.), Luiz Fernando Flor da Silva (Pleasant Hill, Calif.), Matthew Shepherd (Charlotte, N.C.), Kurt Paul Stevens (Lewisville, N.C.), June Ann Wroblewski (Danville, Calif.) and Sean Zhang (Walnut creek, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods relating to a distributed ledger-based payment rail are provided. A computer-implemented method includes determining whether a sending financial institution of a sender o...