US Patent Issued to U.S. Bank National Association on Oct. 7 for "Detecting and remediating anomalies in institutional financial instruments using image processing" (Minnesota, California, Wisconsin, North Carolina Inventors)

ALEXANDRIA, Va., Oct. 8 -- United States Patent no. 12,437,303, issued on Oct. 7, was assigned to U.S. Bank National Association (Minneapolis).

"Detecting and remediating anomalies in institutional financial instruments using image processing" was invented by Christopher Kallas (Grafton, Wis.), Wentao Lu (Minnetonka, Minn.), Hun Jeong Kang (Eagan, Minn.), Chenglin Zhang (Eden Prairie, Minn.), Yuan Cheng (Cary, N.C.), Ding Ma (Thousand Oaks, Calif.) and Xiaoqiao Wei (Woodbury, Minn.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Methods and systems for processing a financial instrument, such as a check, are provided. An example method includes performing a text extraction process on a check image to obtain ch...