Automated transaction cancellation
US9508075B2 · kind B2 · utility
16Cited by
6References
18Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Dec 13, 2013 |
| Grant date | Nov 29, 2016 |
| Priority date | — |
| Expiry date | Jan 31, 2034 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/02
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system that investigates, identifies and cancels fraudulent transactions comprises a fraud detection server that receives a first dataset indicating a quantity of fraud-transactions. The first dataset is generated at least in part by a fraud-score model. The system receives a second dataset including a quantity of false positive fraud-transactions from the fraud transactions. The system calculates a fraud error rate using the quantity of fraud-transactions and the quantity of false positive fraud-transactions. The system generates a new fraud-score model when the fraud error rate exceeds a predefined error rate.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.