US Patent Issued to Stripe on Sept. 8 for "Machine learning model to estimate network costs" (California Inventor)

ALEXANDRIA, Va., Sept. 8 -- United States Patent no. 12,731,048, issued on Sept. 8, was assigned to Stripe LLC (South San Francisco, Calif.).

"Machine learning model to estimate network costs" was invented by Qi Zhang (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "The subject technology generates training data based at least in part on reporting data from a card network. The subject technology trains a machine learning model based on the training data. The subject technology determines, using the machine learning model, a fee description for a transaction. The subject technology determines a variable rate and a fixed amount based at least in part on the fee description. The subject technology ...