US Patent Issued to International Business Machines on Dec. 9 for "Method and system for verifying transactions" (British, German Inventors)

ALEXANDRIA, Va., Dec. 9 -- United States Patent no. 12,493,886, issued on Dec. 9, was assigned to International Business Machines Corp. (Armonk, N.Y.).

"Method and system for verifying transactions" was invented by Kaweepoj Phacharintanakul (Warwick, Great Britain) and Wolfgang von Drews (Crailsheim, Germany).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method, computer program product, and computer system are provided for verifying transactions. The method includes analyzing past transactions and categorizing the transactions into multiple categories; analyzing a social network of a transaction owner to identify a set of closest social network contacts for the transaction owner for each transaction categ...