US Patent Issued to Capital One Services on March 4 for "Text extraction using optical character recognition" (Texas Inventors)

ALEXANDRIA, Va., March 5 -- United States Patent no. 12,243,337, issued on March 4, was assigned to Capital One Services LLC (McLean, Va.).

"Text extraction using optical character recognition" was invented by Chris Demchalk (Frisco, Texas), Ryan M. Parker (Dallas), Lokesh Vijay Kumar (Frisco, Texas) and Brian Fromknecht (Richardson, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "Provided herein are systems and methods for extracting text from a document. Different optical character recognition (OCR) tools are used to extract different versions of the text in the document. Metrics evaluating the quality of the extracted text are compared to identify and select higher quality extracted text. A selected ...