Fraud detection and transaction review
US10062078B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Jun 14, 2016 |
| Grant date | Aug 28, 2018 |
| Priority date | — |
| Expiry date | Feb 23, 2037 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/10
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
An automated purchase transaction service implements a two-phase analysis to identify suspect transactions and to freeze merchant accounts associated with certain of the suspect transactions. In a first analysis phase, a transaction is analyzed using a first predictive model to determine a probability that the transaction is fraudulent. If the probability exceeds a first threshold, the transaction is further analyzed in a second phase. In the second analysis phase, the transaction is analyzed using a second predictive model to determine a probability that manual review by a human analyst will result in freezing the associated account. If the probability exceeds a second threshold, the transaction is automatically frozen. If the probability does not exceed the second threshold, the transaction is submitted to a human analyst for manual review.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.