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:
Sep. 27, 2022
Filed:
Sep. 04, 2019
Walmart Apollo, Llc, Bentonville, AR (US);
Linhong Kang, Sunnyvale, CA (US);
Kazuo Matsumoto, Santa Clara, CA (US);
Premalatha Thangamani, Fremont, CA (US);
Jing Xia, Dublin, CA (US);
Saurabh Vivek Gagpalliwar, Sunnyvale, CA (US);
Walmart Apollo, LLC, Bentonville, AR (US);
Abstract
This application relates to apparatus and methods for identifying fraudulent transactions. In some examples, a computing device generates a decision matrix to identify fraudulent transactions. To generate the decision matrix, the computing device may determine scores for a plurality of transactions, and may determine transaction categories for each transaction based on the scores. The computing device may also determine a number of predictable features based on applying machine learning techniques to the transactions. A risk category is then determined for the number of predictable features. The computing device generates the decision matrix based on the transaction categories and the risk categories. In some examples, the computing device applies the generated decision matrix to an ongoing purchase transaction to determine if the ongoing purchase transaction is fraudulent. In some examples, the computing device prevents completion of the purchase transaction if the purchase transaction is determined to be fraudulent.