Allen Jost

Title: The Innovative Mind of Allen Jost

Introduction

Allen Jost is a notable inventor based in San Diego, California. He has made significant contributions to the field of fraud detection through his innovative patents. With a total of three patents to his name, Jost has developed advanced systems that utilize predictive modeling to enhance transaction security.

Latest Patents

One of Jost's latest patents is titled "Risk determination and management using predictive modeling and transaction profiles for individual transacting entities." This automated system and method detect fraudulent transactions by employing a predictive model, such as a neural network, to evaluate individual customer accounts. It identifies potentially fraudulent transactions based on learned relationships among known variables. The system also outputs reason codes that indicate the relative contributions of various variables to a particular result. Additionally, it periodically monitors its performance and redevelops the model when performance drops below a predetermined level.

Another significant patent by Jost is "Fraud detection using predictive modeling." Similar to his previous work, this automated system detects fraudulent transactions using a predictive model. It evaluates individual customer accounts and identifies potentially fraudulent transactions based on learned relationships among known variables. The system also provides reason codes indicating the contributions of various variables to the results and monitors its performance for continuous improvement.

Career Highlights

Throughout his career, Allen Jost has worked with reputable companies, including HNC Software, Inc. and HNC, Inc. His experience in these organizations has contributed to his expertise in developing innovative solutions for fraud detection.

Collaborations

Jost has collaborated with talented individuals such as Krishna M. Gopinathan and Louis S. Biafore. These collaborations have likely enriched his work and led to the development of advanced technologies in his field.

Conclusion

Allen Jost's contributions to the field of fraud detection through his innovative patents demonstrate his expertise and commitment to enhancing transaction security. His work continues to influence the industry and pave the way for future advancements.