ALEXANDRIA, Va., July 16 -- United States Patent no. 12,363,024, issued on July 15, was assigned to MasterCard International Inc. (Purchase, N.Y.).

"Switching optimization" was invented by Nicola Mariella (Oranmore, Ireland) and Stephen Patrick Flinter (Terenure, Ireland).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system and computer-implemented method for allocating a plurality of transactions to a plurality of networks comprising: receiving from a router at a classical computer a plurality of first information associated with a respective one of the plurality of transactions; receiving from a router at the classical computer a plurality of second information associated with a respective one of the plu...