ALEXANDRIA, Va., June 17 -- United States Patent no. 12,314,976, issued on May 27, was assigned to Visa International Service Association (San Francisco).

"System, method, and computer program product for generating a synthetic control group" was invented by Pulkit Aggarwal (Mountain View, Calif.), Paul Max Payton (San Carlos, Calif.), Lace Cheung (San Francisco) and Suresh Krishna Vaidyanathan (Dublin, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Described are a system, method, and computer program product for generating a synthetic control group. The method includes receiving transaction data associated a first set of transaction accounts in a first time period and generating a synthetic control g...