US Patent Issued to Early Warning Services on Feb. 17 for "System and method using multiple profiles and scores for assessing financial transaction risk" (North Carolina, Arizona Inventors)

ALEXANDRIA, Va., Feb. 17 -- United States Patent no. 12,555,115, issued on Feb. 17, was assigned to Early Warning Services LLC (Scottsdale, Ariz.).

"System and method using multiple profiles and scores for assessing financial transaction risk" was invented by David W. Barnhardt (Cornelius, N.C.) and Anthony J. Selway (Phoenix).

According to the abstract* released by the U.S. Patent & Trademark Office: "In response to a request for risk assessment of a person-to-person (P2P) payment transaction, a risk assessment system returns a payer risk score, a payee risk score and a joint/fusion risk score. Risk scores are based on large amounts of data (including transaction data) provided by multiple financial institutions. The data is sorted and l...