ALEXANDRIA, Va., June 4 -- United States Patent no. 12,321,970, issued on June 3, was assigned to Wells Fargo Bank N.A. (San Francisco).
"Systems and methods for transferring a gift using an information storage and communication system" was invented by Al Hecht (San Francisco).
According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for using an information wallet system to deliver a gift and receive, redeem, or re-gift the gift are disclosed. The information wallet system's storage is securely maintained by a financial institution computing system (i.e. a bank) and receives and holds purchase transaction information. Purchase information transaction may be received from a user computing device or a...