US Patent Issued to Capital One Services on March 25 for "Techniques to predict and implement an amortized bill payment system" (Illinois Inventors)

ALEXANDRIA, Va., March 26 -- United States Patent no. 12,260,424, issued on March 25, was assigned to Capital One Services LLC (McLean, Va.).

"Techniques to predict and implement an amortized bill payment system" was invented by Austin Grant Walters (Savoy, Ill.), Vincent Pham (Champaign, Ill.), Reza Farivar (Champaign, Ill.) and Jeremy Edward Goodsitt (Champaign, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Various embodiments are generally directed to techniques utilizing computers to process service billing data, generate one or more groups of customers based on one or more attributes of the data, and train a recurrent neural network (RNN) to predict future bill amounts for customers. Embodiments f...