ALEXANDRIA, Va., Aug. 26 -- United States Patent no. 12,400,234, issued on Aug. 26, was assigned to CAPITAL ONE SERVICES LLC (McLean, Va.).
"Microtransaction detection and authorization systems and methods" was invented by Jacob Senn (McLean, Va.).
According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for transaction authorization management based on user-defined account restrictions are provided. A financial services device may receive a transaction approval policy including one or more parameters defining account access restrictions. The financial services device may receive attempted purchases from a purchase device and determine, based on the transaction approval policy, whether to authorize o...