US Patent Issued to Capital One Services on June 17 for "Entity classification using cleansed transactions" (California, Indiana, Texas Inventors)

ALEXANDRIA, Va., June 19 -- United States Patent no. 12,332,855, issued on June 17, was assigned to Capital One Services LLC (McLean, Va.).

"Entity classification using cleansed transactions" was invented by Sarah Olsen (Allen, Texas), Aditya Pai (San Francisco) and Brice Elder (Mishawaka, Ind.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems as described herein may classify entities based on cleansed transactions. An entity classification server may obtain transaction data indicating an entity name and an entity code in a non-standardized format. A recommended entity code in a standardized format may be determined from a remote data store. The entity classification server may generate a score indicati...