US Patent Issued to MasterCard International on June 17 for "System and methods for enhanced approval of a payment transaction" (Missouri Inventors)

ALEXANDRIA, Va., June 19 -- United States Patent no. 12,333,546, issued on June 17, was assigned to MasterCard International Inc. (Purchase, N.Y.).

"System and methods for enhanced approval of a payment transaction" was invented by Christopher John Merz (Wildwood, Mo.), Johan Gerber (Wildwood, Mo.), Douglas Van Horn (Kirkwood, Mo.) and Mark B. Wiesman (Chesterfield, Mo.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer-implemented method for determining a level of confidence that a payment transaction is not fraudulent is provided. The method is implemented using an assurance exchange (AE) computer device in communication with a memory. The method includes receiving authentication data associated wit...