US Patent Issued to American Express Travel Related Services on June 23 for "Systems and methods for credit approval using geographic data" (Texas Inventors)

ALEXANDRIA, Va., July 15 -- United States Patent no. 12,664,551, issued on June 23, was assigned to American Express Travel Related Services Co. Inc. (New York).

"Systems and methods for credit approval using geographic data" was invented by Thomas G. Hochstatter (Austin, Texas), John Leonard (Austin, Texas) and Christopher W. McKinzie (Lakeway, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method is provided comprising receiving, at a first node, transactional data associated with a consumer (wherein the first node comprises a processor and a tangible, non-transitory memory), receiving, at the first node, a credit approval request associated with the consumer, wherein the credit approval request is...