US Patent Issued to Worldpay on June 17 for "Systems and methods for dynamic application of tokens in credit authorization" (Massachusetts, New Hampshire, Minnesota Inventors)

ALEXANDRIA, Va., June 19 -- United States Patent no. 12,333,525, issued on June 17, was assigned to Worldpay LLC (Symmes Township, Ohio).

"Systems and methods for dynamic application of tokens in credit authorization" was invented by Andrew Wind (Minneapolis), Derrick Koes (Pelham, N.H.) and Tao Hong (Acton, Mass.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer-implemented method for optimizing transaction authorization conversion rates based on the use of network tokens may include receiving, at an acquirer processor, a payment transaction from a merchant, determining whether the payment transaction includes a network token, upon determining that the payment transaction does not include a network ...