US Patent Issued to Capital One Services on Aug. 19 for "Automatic transaction execution based on transaction log analysis" (Illinois Inventors)

ALEXANDRIA, Va., Aug. 20 -- United States Patent no. 12,393,940, issued on Aug. 19, was assigned to Capital One Services LLC (McLean, Va.).

"Automatic transaction execution based on transaction log analysis" was invented by Austin Walters (Savoy, Ill.), Jeremy Goodsitt (Champaign, Ill.), Galen Rafferty (Mahomet, Ill.), Vincent Pham (Champaign, Ill.) and Anh Truong (Champaign, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A device may receive a preauthorization associated with missed transaction prevention for a transaction account of a user, wherein the missed transaction prevention involves preventing a missed transaction associated with merchant accounts of the user. The device may monitor a transact...