The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Aug. 31, 2021
Filed:
Jun. 15, 2019
Walmart Apollo, Llc, Bentonville, AR (US);
Somedip Karmakar, Kolkata, IN;
Ashish Gupta, Bangalore, IN;
Bharadwaj Aldur Siddegowda, Bangalore, IN;
Walmart Apollo, LLC, Bentonville, AR (US);
Abstract
The disclosed fraud risk scoring tool provides data-driven identification of potential fraud cases. A fraud risk score is determined based at least on a weighted sum of multiple metrics, where weights are determined based on precision or inverse variance and suspension propensity importance, which is indicative of variable importance. An exemplary method includes: receiving and aggregating transaction metrics across customer IDs to produce an aggregated transaction metric data set; determining, for each aggregated transaction metric in the aggregated transaction metric data set, a precision value, a suspension propensity importance, and a scoring weight based at least on one of the precision value and the suspension propensity importance; determining, for each customer ID within the plurality of customer IDs, a risk score based at least on the scoring weights applied to corresponding transaction metrics and a risk priority; and reporting at least one customer ID associated with a selected risk priority.