Patents by Inventor Ned Canning

Ned Canning has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • SYSTEMS AND METHODS FOR OPTIMIZING TRANSACTION AUTHORIZATION CONVERSION RATE
    Publication number: 20230281634
    Abstract: A method for optimizing transaction authorization conversion rates includes retrieving payment transaction parameters and authorization results for a plurality of past payment transactions, generating authorization success factors for each of a plurality of payment transaction parameters based on the retrieved payment transaction parameters and authorization results, receiving, at an acquirer processor, a payment transaction from a merchant, modifying one or more parameters of the payment transaction according to the generated authorization success factors, and submitting the modified payment transaction to a financial institution for processing.
    Type: Application
    Filed: May 12, 2023
    Publication date: September 7, 2023
    Inventors: William H. COHN, Sayid SHABEER, Ned CANNING
  • SYSTEMS AND METHODS FOR OPTIMIZING TRANSACTION CONVERSION RATE USING MEASURED FEEDBACK
    Publication number: 20230245130
    Abstract: A method for optimizing transaction authorization conversion rates using measured feedback includes retrieving payment transaction parameters and authorization results for a plurality of past payment transactions from a database, generating a transaction success model comprising authorization success factors for each of a plurality of payment transaction parameters using data science methods for statistical inference based on the retrieved payment transaction parameters and authorization results, receiving, at an acquirer processor, a payment transaction from a merchant, modifying one or more parameters of the payment transaction according to the generated transaction success model, and submitting the modified payment transaction to a financial institution for processing.
    Type: Application
    Filed: March 31, 2023
    Publication date: August 3, 2023
    Inventors: William H. COHN, Sayid SHABEER, Ned CANNING
  • Systems and methods for optimizing transaction authorization conversion rate
    Patent number: 11687944
    Abstract: A method for optimizing transaction authorization conversion rates includes retrieving payment transaction parameters and authorization results for a plurality of past payment transactions, generating authorization success factors for each of a plurality of payment transaction parameters based on the retrieved payment transaction parameters and authorization results, receiving, at an acquirer processor, a payment transaction from a merchant, modifying one or more parameters of the payment transaction according to the generated authorization success factors, and submitting the modified payment transaction to a financial institution for processing.
    Type: Grant
    Filed: December 29, 2021
    Date of Patent: June 27, 2023
    Assignee: Worldpay, LLC
    Inventors: William H. Cohn, Sayid Shabeer, Ned Canning
  • SYSTEMS AND METHODS FOR OPTIMIZING TRANSACTION CONVERSION RATE USING MACHINE LEARNING
    Publication number: 20230196358
    Abstract: A method for optimizing transaction authorization conversion rates using machine learning includes retrieving payment transaction parameters and authorization results for a plurality of past payment transactions from a database, generating a transaction success model comprising authorization success factors for each of a plurality of payment transaction parameters using a machine learning training phase based on the retrieved payment transaction parameters and authorization results, receiving, at an acquirer processor, a payment transaction from a merchant, modifying one or more parameters of the payment transaction according to the generated transaction success model, and submitting the modified payment transaction to a financial institution for processing.
    Type: Application
    Filed: September 23, 2022
    Publication date: June 22, 2023
    Inventors: William H. COHN, Sayid SHABEER, Ned CANNING
  • Systems and methods for optimizing transaction conversion rate using measured feedback
    Patent number: 11645657
    Abstract: A method for optimizing transaction authorization conversion rates using measured feedback includes retrieving payment transaction parameters and authorization results for a plurality of past payment transactions from a database, generating a transaction success model comprising authorization success factors for each of a plurality of payment transaction parameters using data science methods for statistical inference based on the retrieved payment transaction parameters and authorization results, receiving, at an acquirer processor, a payment transaction from a merchant, modifying one or more parameters of the payment transaction according to the generated transaction success model, and submitting the modified payment transaction to a financial institution for processing.
    Type: Grant
    Filed: April 30, 2021
    Date of Patent: May 9, 2023
    Assignee: Worldpay, LLC
    Inventors: William H. Cohn, Sayid Shabeer, Ned Canning
  • Systems and methods for optimizing transaction conversion rate using machine learning
    Patent number: 11507953
    Abstract: A method for optimizing transaction authorization conversion rates using machine learning includes retrieving payment transaction parameters and authorization results for a plurality of past payment transactions from a database, generating a transaction success model comprising authorization success factors for each of a plurality of payment transaction parameters using a machine learning training phase based on the retrieved payment transaction parameters and authorization results, receiving, at an acquirer processor, a payment transaction from a merchant, modifying one or more parameters of the payment transaction according to the generated transaction success model, and submitting the modified payment transaction to a financial institution for processing.
    Type: Grant
    Filed: November 16, 2017
    Date of Patent: November 22, 2022
    Assignee: Worldpay, LLC
    Inventors: William H. Cohn, Sayid Shabeer, Ned Canning
  • SYSTEMS AND METHODS FOR OPTIMIZING TRANSACTION AUTHORIZATION CONVERSION RATE
    Publication number: 20220122079
    Abstract: A method for optimizing transaction authorization conversion rates includes retrieving payment transaction parameters and authorization results for a plurality of past payment transactions, generating authorization success factors for each of a plurality of payment transaction parameters based on the retrieved payment transaction parameters and authorization results, receiving, at an acquirer processor, a payment transaction from a merchant, modifying one or more parameters of the payment transaction according to the generated authorization success factors, and submitting the modified payment transaction to a financial institution for processing.
    Type: Application
    Filed: December 29, 2021
    Publication date: April 21, 2022
    Inventors: William H. Cohn, Sayid Shabeer, Ned Canning
  • Systems and methods for optimizing transaction authorization conversion rate
    Patent number: 11250441
    Abstract: A method for optimizing transaction authorization conversion rates includes retrieving payment transaction parameters and authorization results for a plurality of past payment transactions, generating authorization success factors for each of a plurality of payment transaction parameters based on the retrieved payment transaction parameters and authorization results, receiving, at an acquirer processor, a payment transaction from a merchant, modifying one or more parameters of the payment transaction according to the generated authorization success factors, and submitting the modified payment transaction to a financial institution for processing.
    Type: Grant
    Filed: February 21, 2020
    Date of Patent: February 15, 2022
    Assignee: Worldpay, LLC
    Inventors: William H. Cohn, Sayid Shabeer, Ned Canning
  • SYSTEMS AND METHODS FOR OPTIMIZING TRANSACTION CONVERSION RATE USING MEASURED FEEDBACK
    Publication number: 20210256529
    Abstract: A method for optimizing transaction authorization conversion rates using measured feedback includes retrieving payment transaction parameters and authorization results for a plurality of past payment transactions from a database, generating a transaction success model comprising authorization success factors for each of a plurality of payment transaction parameters using data science methods for statistical inference based on the retrieved payment transaction parameters and authorization results, receiving, at an acquirer processor, a payment transaction from a merchant, modifying one or more parameters of the payment transaction according to the generated transaction success model, and submitting the modified payment transaction to a financial institution for processing.
    Type: Application
    Filed: April 30, 2021
    Publication date: August 19, 2021
    Inventors: William H. COHN, Sayid SHABEER, Ned CANNING
  • Systems and methods for optimizing transaction conversion rate using measured feedback
    Patent number: 11023897
    Abstract: A method for optimizing transaction authorization conversion rates using measured feedback includes retrieving payment transaction parameters and authorization results for a plurality of past payment transactions from a database, generating a transaction success model comprising authorization success factors for each of a plurality of payment transaction parameters using data science methods for statistical inference based on the retrieved payment transaction parameters and authorization results, receiving, at an acquirer processor, a payment transaction from a merchant, modifying one or more parameters of the payment transaction according to the generated transaction success model, and submitting the modified payment transaction to a financial institution for processing.
    Type: Grant
    Filed: December 5, 2017
    Date of Patent: June 1, 2021
    Assignee: Worldpay, LLC
    Inventors: William H. Cohn, Sayid Shabeer, Ned Canning
  • SYSTEMS AND METHODS FOR OPTIMIZING TRANSACTION AUTHORIZATION CONVERSION RATE
    Publication number: 20200193438
    Abstract: A method for optimizing transaction authorization conversion rates includes retrieving payment transaction parameters and authorization results for a plurality of past payment transactions, generating authorization success factors for each of a plurality of payment transaction parameters based on the retrieved payment transaction parameters and authorization results, receiving, at an acquirer processor, a payment transaction from a merchant, modifying one or more parameters of the payment transaction according to the generated authorization success factors, and submitting the modified payment transaction to a financial institution for processing.
    Type: Application
    Filed: February 21, 2020
    Publication date: June 18, 2020
    Inventors: William H. COHN, Sayid SHABEER, Ned CANNING
  • Systems and methods for optimizing transaction authorization conversion rate
    Patent number: 10607231
    Abstract: A method for optimizing transaction authorization conversion rates includes retrieving payment transaction parameters and authorization results for a plurality of past payment transactions, generating authorization success factors for each of a plurality of payment transaction parameters based on the retrieved payment transaction parameters and authorization results, receiving, at an acquirer processor, a payment transaction from a merchant, modifying one or more parameters of the payment transaction according to the generated authorization success factors, and submitting the modified payment transaction to a financial institution for processing.
    Type: Grant
    Filed: September 27, 2017
    Date of Patent: March 31, 2020
    Assignee: Worldpay, LLC
    Inventors: William H. Cohn, Sayid Shabeer, Ned Canning