US Patent Issued to Capital One Services on Aug. 11 for "Systems and methods for transaction acceptance modeling" (New York, New Jersey, Pennsylvania Inventors)

ALEXANDRIA, Va., Aug. 12 -- United States Patent no. 12,705,568, issued on Aug. 11, was assigned to Capital One Services LLC (McLean, Va.).

"Systems and methods for transaction acceptance modeling" was invented by Wilson Kung (Westfield, N.J.), Mark Timms (Philadelphia), Lenni Kimawati (Ossining, N.Y.) and Peter Deng (Flushing, N.Y.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for determining the likelihood of a supplier accepting a certain transaction method such as a payment card. Exemplary systems can generate a machine learning predictive model to determine the likelihood of a supplier accepting a card payment."

The patent was filed on July 31, 2024, under Application No. 18/789,82...