US Patent Issued to Ramp Business on Feb. 4 for "Real-time named entity based transaction approval" (New Jersey, New York, Florida, California Inventors)

ALEXANDRIA, Va., Feb. 5 -- United States Patent no. 12,217,004, issued on Feb. 4, was assigned to Ramp Business Corp. (New York).

"Real-time named entity based transaction approval" was invented by Calvin Jun-Gong Lee (Weehawken, N.J.), Veeral Dilip Patel (Bergenfield, N.J.), Paul Alexander Meier (Brooklyn, N.Y.), Karim Atiyeh (Miami Beach, Fla.), Ariel Petren Langer (San Marino, Calif.), Ori Ephraim Goldfield (New York) and Geoffrey Jacques Charles (Brooklyn, N.Y.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system for stable and streamlined transaction approval includes a rule management server and an authorizer server. The rule management server is configured to receive a transaction rule that include...