ALEXANDRIA, Va., April 9 -- United States Patent no. 12,271,872, issued on April 8, was assigned to Worldpay LLC (Symmes Township, Ohio).
"System and method for payment tender steering" was invented by Dennis A. Kettler (Lebanon, Ohio) and Scott Wayne DeAngelo (Mason, Ohio).
According to the abstract* released by the U.S. Patent & Trademark Office: "A payment system reduces transaction costs for online merchants. The payment system receives a transaction amount for the purchase of goods or services by a consumer from an online merchant. The payment system receives bank identification numbers for a plurality of accounts of the consumer that could be used by the consumer to pay for the good or services. The payment system determines transac...