US Patent Issued to U.S. Bancorp, National Association on April 15 for "System for identifying points of compromise" (Minnesota Inventors)

ALEXANDRIA, Va., June 5 -- United States Patent no. 12,277,565, issued on April 15, was assigned to U.S. Bancorp, National Association (Minneapolis).

"System for identifying points of compromise" was invented by Christopher Kallas (Minneapolis) and Xiaoqiao Wei (Minneapolis).

According to the abstract* released by the U.S. Patent & Trademark Office: "The disclosure describes an apparatus having programmed instructions that when executed cause the apparatus to receive, via a communication network, information regarding suspicious fraud activity at a first location involving a plurality of transaction cards; monitor changes over a first time interval to received information regarding suspicious fraud activity at the first location; and iden...