US Patent Issued to VALID SYSTEMS on Oct. 21 for "Instant funds availablity risk assessment and real-time fraud alert system and method" (Texas, New York, Florida, Ohio Inventors)

ALEXANDRIA, Va., Oct. 28 -- United States Patent no. 12,450,610, issued on Oct. 21, was assigned to VALID SYSTEMS LLC (Fort Worth, Texas).

"Instant funds availablity risk assessment and real-time fraud alert system and method" was invented by Dyron Clower (Fort Worth, Texas), John Templer (Fort Worth, Texas), La Shonna Sharp (Allen, Texas), Aaron Calipari (Clearwater, Fla.), Michael Ring (Aledo, Texas), Michael Serrette (New York), Nickolas Ledford (Palm Harbor, Fla.), Lawrence Dugger (Cedar Hill, Texas), Rodney Drake (Strongsville, Ohio) and Diana Hayes (Frisco, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "A real-time system and method for invoking a fraud alert notification to a bank prompted by an...