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:
May. 27, 2014
Filed:
Jul. 15, 2012
Jayashree S. Kolhatkar, Emerald Hills, CA (US);
Sangita S. Fatnani, Cupertino, CA (US);
Yitao Yao, Saratoga, CA (US);
Kazuo Matsumoto, Santa Clara, CA (US);
Jayashree S. Kolhatkar, Emerald Hills, CA (US);
Sangita S. Fatnani, Cupertino, CA (US);
Yitao Yao, Saratoga, CA (US);
Kazuo Matsumoto, Santa Clara, CA (US);
Wal-mart Stores, Inc., Bentonville, AR (US);
Abstract
Exemplary embodiments for detecting electronic payment card fraud include receiving real-time payment card transaction data from ingress channels and an egress channels of at least one payment card system through a first application programming interface (API); generating transactional profiles for each of at least payment cards, the ingress channel, the egress channels, and funding sources of the payment cards; in response to receiving transaction data for a current payment card transaction, evaluating the transaction data using a predictive algorithm that compare the transaction data to the transactional profiles to calculate a probabilistic fraud score for the current transaction; evaluating the probabilistic fraud score and the current transaction data based on a set of rules to generate a recommendation to approve, decline or review the current transaction; and transmitting the recommendation back to the payment card system via a second API.