Company Filing History:
Years Active: 2018
Title: Rensheng Zhou: Innovator in Fraud Detection Technology
Introduction
Rensheng Zhou is a notable inventor based in San Francisco, CA, who has made significant contributions to the field of fraud detection technology. With a total of two patents to his name, Zhou has developed innovative solutions that enhance the security of automated purchase transactions.
Latest Patents
Zhou's latest patents focus on advanced methods for regulating fraud probability models and improving fraud detection processes. The first patent, titled "Regulating Fraud Probability Models," describes an automated purchase transaction system that analyzes transactions using a probability model to assess the likelihood of fraud. If the probability surpasses a predetermined threshold, the transaction is flagged for manual review. This model allows for an initial high threshold to minimize the number of transactions requiring scrutiny, with adjustments made over time based on observed freeze rates compared to target rates.
The second patent, "Fraud Detection and Transaction Review," outlines a two-phase analysis for identifying suspect transactions. In the first phase, a predictive model evaluates the transaction's fraud probability. If this probability exceeds a first threshold, the transaction undergoes a second analysis phase, where a different predictive model assesses the likelihood of a human analyst freezing the associated account. Depending on the outcome, the transaction may be automatically frozen or sent for manual review.
Career Highlights
Rensheng Zhou is currently employed at Square, Inc., where he applies his expertise in developing cutting-edge fraud detection technologies. His work has significantly contributed to enhancing the security and reliability of financial transactions in the digital marketplace.
Collaborations
Zhou collaborates with talented professionals such as Brian Boates and Melissa Dalis, who contribute to the innovative environment at Square, Inc. Their combined efforts foster advancements in technology that aim to protect consumers and businesses from fraudulent activities.
Conclusion
Rensheng Zhou's contributions to fraud detection technology through his patents demonstrate his commitment to innovation and security in financial transactions. His work at Square, Inc. continues to influence the industry positively, making online transactions safer for everyone.