US Patent Issued to Wells Fargo Bank on Oct. 14 for "Instant network cash transfer at point of sale" (California, North Carolina, Ohio Inventors)

ALEXANDRIA, Va., Oct. 21 -- United States Patent no. 12,443,933, issued on Oct. 14, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Instant network cash transfer at point of sale" was invented by Theresa Ann Clements (San Diego), Daniel David (Charlotte, N.C.), Shane D. Eaton (Charlotte, N.C.), Albert Hwu (San Francisco), Derek D. Mohr (Cornelius, N.C.), James C. Noe (Charlotte, N.C.), Jacob T. Orth (San Francisco) and Michelle E. Ziolkowski (Troy, Ohio).

According to the abstract* released by the U.S. Patent & Trademark Office: "Point of sale (POS) devices, systems, and methods disclosed herein enable payments by merchants to non-customers, such as to employees of the merchant. A point of sale system of the merchant determines an...