The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jul. 29, 2025
Filed:
Aug. 05, 2022
Wells Fargo Bank, N.a., San Francisco, CA (US);
Mayur Chheda, Charlotte, NC (US);
Luiz Fernando Flor Da Silva, Pleasant Hill, CA (US);
Matthew Shepherd, Charlotte, NC (US);
Kurt Paul Stevens, Lewisville, NC (US);
June Ann Wroblewski, Danville, CA (US);
Sean Zhang, Walnut creek, CA (US);
Wells Fargo Bank, N.A., San Francisco, CA (US);
Abstract
Systems and methods relating to a distributed ledger-based payment rail are provided. A computer-implemented method includes determining whether a sending financial institution of a sender of a funds transfer and a receiving financial institution of a recipient of the funds transfer each operates a node on a permissioned distributed ledger network. The method further includes routing a funds transfer request message to the permissioned distributed ledger network in response to determining that the sending financial institution and the receiving financial institution each operates a node on the permissioned distributed ledger network. The method further includes destroying, by an issuer, the cash states in response to the recipient redeeming cash states associated with the funds transfer.