Methods and apparatus for fraud detection
US11995659B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jan 20, 2023 |
| Grant date | May 28, 2024 |
| Priority date | — |
| Expiry date | Apr 2, 2043 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/407
- WIPO fieldComputer technology
- WIPO sectorElectrical engineering
Abstract
This application relates to apparatus and methods for identifying fraudulent transactions. A computing device receives return data identifying the return of at least one item. The computing device obtains modified strategy data identifying at least one rule of a modified strategy. The rule may be based on the application of at least one discrete stochastic gradient descent algorithm to an initial strategy. The computing device applies the modified strategy to the received return data identifying the return of the at least one item, and determines whether the return of the at least one item is fraudulent based on the application of the modified strategy. The computing device generates fraud data identifying whether the return of the at least one item is fraudulent based on the determination, and may transmit the fraud data to another computing device to indicate whether the return is fraudulent.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.