Patent · US Active

Transaction exception and fraud processing

US11763192B2 · kind B2 · utility

0Cited by

1References

18Claims

0Family size

Assignee

NCR Corporation · US

Inventors

Itamar David Laserson · Givat Shmuel, IL
Avishay Farbstein · Ora, IL
Loran Halfon · Ramat Gan, IL
Tali Shpigel · Bnei Brak, IL

Key dates

Filing date	Aug 29, 2019
Grant date	Sep 19, 2023
Priority date	—
Expiry date	Aug 29, 2039

Classification

Technology area (CPC G)Physics
CPC primaryG07G3/003
WIPO fieldControl
WIPO sectorInstruments

Abstract

A machine-learning algorithm is trained with features relevant to transaction exceptions, distributions of items in transaction mapped to product hierarchies, and operator data. The trained algorithm is trained to predict whether a given transaction requires a transaction exception for potential fraud or for management approval. The trained algorithm is then provided a set of in-progress input data for an in-progress transaction being processed on a transaction terminal. Output from the trained algorithm is used to determine whether the in-progress transaction is allowed to continue processing unabated or whether the in-progress transaction is to be suspended with a transaction exception requiring a manager override or security credential to continue processing.

Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.