ALEXANDRIA, Va., June 17 -- United States Patent no. 12,314,442, issued on May 27, was assigned to Intuit Inc. (Mountain View, Calif.).

"Multi-device, multi-model categorization system" was invented by Yair Horesh (Kfar Sava, Israel).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system includes a categorization application including a personal categorization model for execution on a user device, the personal categorization model configured to assign a personal assigned category and a personal assigned categorization confidence value to transaction record. The system also includes a global categorization model executing on a central server. The global categorization model is configured to receive the transa...