US Patent Issued to Wells Fargo Bank on April 8 for "Event-based automatic transaction system" (California, South Carolina Inventors)

ALEXANDRIA, Va., April 9 -- United States Patent no. 12,271,940, issued on April 8, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Event-based automatic transaction system" was invented by Himanshu Baral (Fremont, Calif.), David J. Hiltgen (Fort Hill, S.C.), Christine Rein (San Francisco) and Laura B. Smith (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems, apparatuses, and methods of an event-based automatic transaction on behalf of a user include and not limited to, determining, based on a plurality of information sources including a plurality of news information sources independent of a particular physical location, a probability of an event occurring, the probability being ba...