ALEXANDRIA, Va., May 19 -- United States Patent no. 12,632,851, issued on May 19, was assigned to MasterCard International Inc. (New York).
"Interchange pricing for financial transactions" was invented by Rahul Das Putham Das (Arlington, Va.) and Alexandra Dudkina (Prague).
According to the abstract* released by the U.S. Patent & Trademark Office: "A method of processing financial transactions is provided for determining tailored interchange prices for individual financial transactions. Financial data from a plurality of financial transactions is collected and segregated among different attributes. The attributes may include attribute types like transaction attributes, merchant attributes, issuer attributes and user attributes. The attrib...