US Patent Issued to Visa International Service Association on Aug. 25 for "Common transaction ID" (California Inventor)

ALEXANDRIA, Va., Aug. 25 -- United States Patent no. 12,718,243, issued on Aug. 25, was assigned to Visa International Service Association (San Francisco).

"Common transaction ID" was invented by James McDonald Bostock (San Mateo, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "The present disclosure provides devices, systems, and methods for sharing transaction data across entities of a payment network based on a common transaction identifier (ID). For example, a transaction service provider system can process a first transaction based on first transaction data, receive second transaction data for a second transaction processed by an affiliate system, and generate a confidence score representing a lik...