US Patent Issued to Wells Fargo Bank on Oct. 14 for "Systems and methods for funds transfers via a federated directory" (Minnesota, California Inventors)

ALEXANDRIA, Va., Oct. 21 -- United States Patent no. 12,443,931, issued on Oct. 14, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Systems and methods for funds transfers via a federated directory" was invented by Alan W. Hecht (Chanhassen, Minn.), Azita Asefi (Vacaville, Calif.) and Ann M. Kirk (Deerwood, Minn.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system, method, and apparatus for interdirectory funds transfers is provided. A method includes: receiving data from two or more payment directories, the data comprising information pertaining to a plurality of users, each of which are enrolled with at least one of the two or more peer-to-peer payment directories. The method includes receiving...