US Patent Issued to Worldpay on July 15 for "Technologies for preprocessing transaction authorization records" (Ohio Inventors)

ALEXANDRIA, Va., July 16 -- United States Patent no. 12,361,426, issued on July 15, was assigned to Worldpay LLC (Symmes Township, Ohio).

"Technologies for preprocessing transaction authorization records" was invented by Christopher M. Beatty (Cincinnati) and Erik William Baar (Cincinnati).

According to the abstract* released by the U.S. Patent & Trademark Office: "Technologies for preprocessing transaction authorization records for clearing data batch file generation include a settlement processing server. The settlement processing server receives transaction authorization records corresponding to authorized transactions. The transaction authorization records are appended to an initial authorization stream. The initial authorization stre...