US Patent Issued to Worldpay on Sept. 8 for "Systems and methods for optimizing transaction authorization conversion rate" (Massachusetts Inventors)

ALEXANDRIA, Va., Sept. 8 -- United States Patent no. 12,731,152, issued on Sept. 8, was assigned to Worldpay LLC (Symmes Township, Ohio).

"Systems and methods for optimizing transaction authorization conversion rate" was invented by William H. Cohn (Lexington, Mass.), Sayid Shabeer (Ashland, Mass.) and Ned Canning (Boston).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for optimizing transaction authorization conversion rates includes retrieving payment transaction parameters and authorization results for a plurality of past payment transactions, generating authorization success factors for each of a plurality of payment transaction parameters based on the retrieved payment transaction parameters and...