US Patent Issued to Synchrony Bank on Sept. 15 for "Systems and methods for payment instrument pre-qualification determinations" (Connecticut Inventor)

ALEXANDRIA, Va., Sept. 15 -- United States Patent no. 12,737,738, issued on Sept. 15, was assigned to Synchrony Bank (Stamford, Conn.).

"Systems and methods for payment instrument pre-qualification determinations" was invented by William Kievit (Stamford, Conn.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for automatically generating and providing pre-qualification determinations for different secured and unsecured payment instruments are provided. In response to receiving an application for a secured payment instrument, the system obtains spend data associated with a user. The spend data corresponds to expenditures according to different spend categories. A machine learning algorithm i...