ALEXANDRIA, Va., Nov. 6 -- United States Patent no. 12,462,248, issued on Nov. 4, was assigned to Wells Fargo Bank N.A. (San Francisco).
"Payment vehicle with on and off function" was invented by Michael T. Duke (Monroe, N.C.) and Dean Patrick Nolan (Charlotte, N.C.).
According to the abstract* released by the U.S. Patent & Trademark Office: "A computer-based network system and method for using a payment vehicle having an on and off function. The system comprises a payment vehicle comprising an on and off function to enable or to disable the payment vehicle in the computer-based network for processing an electronic payment transaction, a holder of the payment vehicle, and a computer payment network wherein the computer payment network com...