US Patent Issued to CAPITAL ONE SERVICES on March 4 for "Systems and methods for identification and automation of shared recurrent transactions based on transaction pattern detection" (Virginia, New York Inventors)

ALEXANDRIA, Va., March 5 -- United States Patent no. 12,243,033, issued on March 4, was assigned to CAPITAL ONE SERVICES LLC (McLean, Va.).

"Systems and methods for identification and automation of shared recurrent transactions based on transaction pattern detection" was invented by Phoebe Atkins (Midlothian, Va.), Xiaoguang Zhu (New York) and Ray Cheng (Long Island City, N.Y.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for implementing an automated process for detection of a shared recurring bills and identification of a set of corresponding person-to-person transactions associated with shared portions of the recurring bill. The identification process is prediction-based and contingen...