US Patent Issued to CARD COMPLIANT on Oct. 27 for "Methods and systems for optimizing escheat and derecognition of prepaid cards, stored value cards, credit memos and electronic payment instruments" (Kansas Inventors)

ALEXANDRIA, Va., Oct. 27 -- United States Patent no. 12,775,989, issued on Oct. 27, was assigned to CARD COMPLIANT LLC (Kansas City, Mo.).

"Methods and systems for optimizing escheat and derecognition of prepaid cards, stored value cards, credit memos and electronic payment instruments" was invented by Phillip C. Rouse (Shawnee, Kan.), Victoria Blake (Shawnee, Kan.), Jeff Horen (Overland Park, Kan.) and Amanda Culp (Overland Park, Kan.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Methods, processes, and systems architecture utilized to integrate key attributes of the unclaimed property laws of the states of the United States and other jurisdictions, along with certain generally accepted accounting principl...