US Patent Issued to State Farm Mutual Automobile Insurance on July 15 for "Reducing false positive fraud alerts for online financial transactions" (Illinois, Texas, Georgia Inventors)

ALEXANDRIA, Va., July 16 -- United States Patent no. 12,361,435, issued on July 15, was assigned to State Farm Mutual Automobile Insurance Co. (Bloomington, Ill.).

"Reducing false positive fraud alerts for online financial transactions" was invented by Timothy Kramme (Parker, Texas), Elizabeth A. Flowers (Bloomington, Ill.), Reena Batra (Alpharetta, Ga.), Miriam Valero (Bloomington, Ill.), Puneit Dua (Bloomington, Ill.), Shanna L. Phillips (Bloomington, Ill.), Russell Ruestman (Minonk, Ill.) and Bradley A. Craig (Normal, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "In a method of preventing fraudulent online financial transactions, a request to authorize an online, financial transaction may be receive...