US Patent Issued to TRETE on May 26 for "Transaction handling in view of settlement factor compliance" (California, Texas, Michigan Inventors)

ALEXANDRIA, Va., May 26 -- United States Patent no. 12,639,762, issued on May 26, was assigned to TRETE Inc. (Prosper, Texas).

"Transaction handling in view of settlement factor compliance" was invented by Damien Patton (Plano, Texas), Christian Gratton (Eaton Rapids, Mich.) and Rish Mehta (Castro Valley, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "The present invention extends to transaction handling in view of settlement factor compliance. Security action triggers subject pre-settlement transactions to one or more supplemental security actions prior to settlement approval. When it is determined that an identified factor impacts transaction settlement, a flag is set. The flag denotes that pre-sett...